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What Is Next for Intelligent Energy?

In recent years, many companies in the oil and gas industry have been making steady progress employing digital oilfield (DOF) solutions to improve operations through better data capture, visualization, analysis, and automation. As more implementations provide value to particular fields or assets, a question remains of how they can be leveraged as a whole to provide aggregate value at the business portfolio or corporate strategy levels. The large volume and detail of information that DOFs generate, not only in terms of data, but also decision outcomes, interpretations, and knowledge, both tacit and implicit, contribute significantly to a company’s intellectual capital.

Looking at the business case, asset-level business drivers are normally defined by considering short-term benefits in light of immediate challenges. Because of the varied production environments and diverse approaches associated with DOF implementations, determining return on investment and value for an organization’s overall production business is difficult at best; it is analogous to an “apples vs. oranges” comparison of assets. For companies actively pursuing multiple DOF programs, managing commercial uncertainties is, therefore, a key challenge for allocating resources, defining a coherent vision, and ultimately determining the appropriate level of commitment, financial or otherwise.

Applying this perspective, there is a clear opportunity, and corresponding challenge, to scale the DOF value proposition by smoothly integrating independent digital assets into a cohesive system by delivering a smarter, more comprehensive view of a company’s business portfolio. Toward this end, several key concepts and issues should be considered carefully in order to understand the implications of each implementation as the first step toward corporate value realization.

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What Is Next for Intelligent Energy?

Waleed Al-Mulhim and Saeed M. Mubarak, Saudi Aramco; and Juan Carlos G. Bonilla, Schlumberger Information Solutions

01 October 2013

Volume: 65 | Issue: 10

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