Smart Digital Monitoring Tool

2021 ◽  
Author(s):  
Bandar Abdulaziz Al Sharif ◽  
Faisal Anwar Al Qurooni ◽  
Mohana Essa Alqamous
Keyword(s):  
Process Parameters ◽  
Industrial Revolution ◽  
Oil And Gas ◽  
Cost Effective ◽  
Oil And Gas Industry ◽  
Digital Transformation ◽  
Monitoring Tool ◽  
Digital Monitoring ◽  
Physical Assets ◽  
Operational Excellence

Abstract Smart Digital Monitoring Tool As the world is currently going through a wave of rapid digital transformations, finding digital solutions in the oil and gas industry today is more important than ever. Not only is digital transformation one of the main pillars needed to embrace the Fourth Industrial Revolution (IR 4.0), but it is also indispensable to achieve operational excellence. By connecting process parameters and physical assets with digital monitoring tools, more accurate insights can be gained, which enables real-time responses to challenges and proactive corrective actions. Different tools and multiple dashboards have been employed to monitor different focus areas such as crude quality, environmental performance, energy consumption, and critical process parameters and chemicals consumption. In spite of the several available tools to monitor and summarize the facilities performance and key performance indicators (KPIs), taking quick and proactive actions to resolve the issues and improve the performance remains challenging sometimes. This is because for digital transformation to have a stronger impact, it better be integrated across the whole business focus area. This means that a single and comprehensive tool will help identify areas for improvement — timely and quickly by the Operations, Maintenance and Engineering (OME) team. In line with Saudi Aramco's Operational Excellence (OE) program, and to produce oil and gas in an efficient, cost-effective, reliable and responsible manner, a comprehensive and creative smart tool has been developed to deliver energy with better quality, enhanced safety, improved reliability, continuous sustainably, and increased efficiency.

Accelerating Digital Transformation in E&P Business

2021 ◽  
Author(s):  
Anak Karim
Keyword(s):  
Industrial Revolution ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Digital Transformation ◽  
Gas Industry ◽  
New Normal ◽  
Strategic Objectives ◽  
The Future ◽  
Energy Companies

Abstract As a resourced based economy, Malaysia relies heavily on the energy oil, and gas industry - a critical sector contributing to the economic growth of the Malaysian economy; which makes up in the range of 20% - 25% of the total gross domestic product (GDP) of Malaysia as of 2017. No analysts can properly predict prices of the future, with the highs and lows of crude and natural gas and renewables as the fuel of the future and are perhaps new way of things. This "new normal" in which countries, including Malaysia, must learn to adapt in a more agile manner to the "new way of work" of increased productivity and efficiency (de Graauw, McCreery, & Murphy, 2015). In adapting to the new normal, measures of increased productivity must continue to be pushed forward and implemented. Energy companies and services provider still need to continue with exploration and development (E&P) operations and activities to meet long term strategic objectives and demands of the nation, in line with the aspirations of the national oil company, however, it needs to add more value to every dollar spent as margins have continued to shrink and reduce profit margins of energy producers. This is where Digital Transformation comes into play and the urgency for implementation has gone from novelty solutions to critical business survival. Changing industry trends such as Industrial Revolution 4.0 have made it more prevalent than ever to make better use of capital at a time when productivity is essential. At the same time, the industry needs to continue to explore and develop to meet long-term demands, which continues to grow albeit slower than before.

scholarly journals Human Centric Digital Transformation and Operator 4.0 for the Oil and Gas Industry

IEEE Access ◽  
2021 ◽  
pp. 1-1
Author(s):  
Thumeera R. Wanasinghe ◽  
Trung Trinh ◽  
Trung Nguyen ◽  
Raymond G. Gosine ◽  
Lesley Anne James ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Digital Transformation ◽  
Gas Industry

A Comprehensive Review of the Fourth Industrial Revolution IR 4.0 in Oil and Gas Industry

2021 ◽  
Author(s):  
Cenk Temizel ◽  
Celal Hakan Canbaz ◽  
Hakki Aydin ◽  
Bahar F. Hosgor ◽  
Deniz Yagmur Kayhan ◽  
...  
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Oil And Gas ◽  
Petroleum Industry ◽  
Oil And Gas Industry ◽  
Learning Technologies ◽  
Real Field ◽  
Gas Industry ◽  
History Of ◽  
History Of Use

Abstract Digital transformation is one of the most discussed themes across the globe. The disruptive potential arising from the joint deployment of IoT, robotics, AI and other advanced technologies is projected to be over $300 trillion over the next decade. With the advances and implementation of these technologies, they have become more widely-used in all aspects of oil and gas industry in several processes. Yet, as it is a relatively new area in petroleum industry with promising features, the industry overall is still trying to adapt to IR 4.0. This paper examines the value that Industry 4.0 brings to the oil and gas upstream industry. It delineates key Industry 4.0 solutions and analyzes their impact within this segment. A comprehensive literature review has been carried out to investigate the IR 4.0 concept's development from the beginning, the technologies it utilizes, types of technologies transferred from other industries with a longer history of use, robustness and applicability of these methods in oil and gas industry under current conditions and the incremental benefits they provide depending on the type of the field are addressed. Real field applications are illustrated with applications indifferent parts of the world with challenges, advantages and drawbacks discussed and summarized that lead to conclusions on the criteria of application of machine learning technologies.

Crystal balls and current affairs: the financial challenge of a changing climate to the oil and gas industry

2015 ◽  
Vol 55 (2) ◽  
pp. 490
Author(s):  
Adam Davis
Keyword(s):  
Large Scale ◽  
Ad Hoc ◽  
Climate Models ◽  
Oil And Gas ◽  
Insurance Industry ◽  
Cost Effective ◽  
Oil And Gas Industry ◽  
Capital Allocation ◽  
Risk Transfer ◽  
Changing Climate

Despite debate, the fact remains that the climate is changing. When considering the factors that determine potential financial impacts and losses that upstream oil and gas business could suffer due to a changing climate, the issues may primarily appear to be related to weather and geography. On closer examination, the factors that determine the severity of the impacts and losses are largely determined by the design and interdependencies of the financial and economic mechanisms of risk management. There is an increasing consensus in the insurance industry that the challenge presented by climate change, along with the increasing power of climate models, will result in far-reaching changes to the presently accepted practices of risk transfer. This extended abstract describes the increased power of climate models and the improved understanding of the present levels of under-adaptation when viewed from the position of investors in large-scale and long-lived oil and gas assets in Australia. It then looks at risk transfer models and examines potential limitations that have been identified due to the focus on ad-hoc post-disaster recovery when compared to a cost-effective pre-disaster resilience approach. The extended abstract then discusses how changes in the risk transfer approach could affect the financial aspects of an oil and gas business, such as the cost of borrowing, self-insurance, capital allocation and planning.

scholarly journals Characterization and Treatment Technologies Applied for Produced Water in Qatar

Water ◽  
2021 ◽  
Vol 13 (24) ◽  
pp. 3573
Author(s):  
Hana D. Dawoud ◽  
Haleema Saleem ◽  
Nasser Abdullah Alnuaimi ◽  
Syed Javaid Zaidi
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Produced Water ◽  
Cost Effective ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Treatment Techniques ◽  
Treatment Technologies ◽  
Oil Gas

Qatar is one of the major natural gas (NG) producing countries, which has the world’s third-largest NG reserves besides the largest supplier of liquefied natural gas (LNG). Since the produced water (PW) generated in the oil and gas industry is considered as the largest waste stream, cost-effective PW management becomes fundamentally essential. The oil/gas industries in Qatar produce large amounts of PW daily, hence the key challenges facing these industries reducing the volume of PW injected in disposal wells by a level of 50% for ensuring the long-term sustainability of the reservoir. Moreover, it is important to study the characteristics of PW to determine the appropriate method to treat it and then use it for various applications such as irrigation, or dispose of it without harming the environment. This review paper targets to highlight the generation of PW in Qatar, as well as discuss the characteristics of chemical, physical, and biological treatment techniques in detail. These processes and methods discussed are not only applied by Qatari companies, but also by other companies associated or in collaboration with those in Qatar. Finally, case studies from different companies in Qatar and the challenges of treating the PW are discussed. From the different studies analyzed, various techniques as well as sequencing of different techniques were noted to be employed for the effective treatment of PW.

scholarly journals INFLUENCE OF DIGITAL TECHNOLOGIES ON CAPITALIZATION OF OIL AND GAS BUSINESS

2020 ◽  
Vol 4 (34) ◽  
pp. 66-71
Author(s):  
O.E. Malykh ◽  
◽  
Yu.V. Khodkovskaya ◽  
Keyword(s):  
Financial Management ◽  
Oil And Gas ◽  
Action Plan ◽  
Digital Technologies ◽  
Oil And Gas Industry ◽  
Integrated Approach ◽  
Digital Transformation ◽  
Gas Industry ◽  
Additional Advantage ◽  
The Impact

The problems of global economic growth are largely due to factors in the dynamics of the oil and gas sector. New requirements for the quality, quantity and timing of the supply of hydrocarbons create opportunities for the development and increase of the efficiency of the oil and gas business, including the growth of its capitalization. For the oil and gas industry, the digital transformation goes beyond the tactical use of technology, the business model is being transformed by accelerating the spread of innovation and the constant growth of practical efficiency, which significantly changes strategic guidelines. The article presents an analysis of the impact of digital technology on the financial aspects of the oil and gas business. The objective obstacles to its digitalization are described, which can form the basis for developing recommendations for promoting digital technologies in this segment of the economy. The advancement of scientific and technological progress and the automation of many stages of production processes are factors in the possible growth in the capitalization of the oil and gas business. Studies have shown that existing technologies are not always able to facilitate this process. Underfunding of the information and computing infrastructure of companies can become a serious problem on the way to strengthening the financial component of the oil and gas business. In the Russian oil and gas industry, the use of additional digital platforms and innovations is an additional advantage for increasing operating profit. The article discusses the cybersecurity of the oil and gas business based on an integrated approach and the implementation of all aspects of the oil and gas company: information, organizational and technological. A group of cyber defense tools is proposed. A new model of the digital transformation of oil and gas companies is proposed to formulate an action plan for the use of digital technologies, to solve tactical problems and strategic goals of the oil and gas business, to ensure its capitalization growth. It is shown that business capitalization under the influence of digital technologies allows the oil and gas industry to implement the latest achievements in the field of cloud computing, digitalization of oil fields, service-oriented architectures and industrialization, significantly expanding the possibilities of corporate financial management.

scholarly journals Mediation Analysis Using the Hierarchical Multiple Regression Technique: A Study of the Mediating Roles of World-Class Performance in Operations

2010 ◽  
Vol 12 (2) ◽  
pp. 139 ◽  
Author(s):  
Wakhid S. Ciptono ◽  
Abdul Razak Ibrahim ◽  
Ainin Sulaiman
Keyword(s):  
Quality Management ◽  
Financial Performance ◽  
Management Practices ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Critical Factors ◽  
Gas Industry ◽  
Quality Management Practices ◽  
World Class ◽  
Operational Excellence

The changing environment in an organization is forcing the organization to find a plan of integrated management framework and adequate performance measurement. Failure to plan basically means planning failure for the business. Finding the critical factors of quality management practices (QMP), themediating roles of the contextual factors of world-class performance in operations (i.e., world-class company practices or WCC, operational excellence practices or OE, company nonfinancial performance or CNFP), and the company financial performance would enable the company to facilitate the sustainability of TQM implementation model.This empirical study aims to assess how TQM—a holistic management philosophy initially developed by W. Edward Deming, which integrates improvement strategy, management practices, and organizational performance—is specifically implemented in the oil and gas companies operating in Indonesia. Relevant literature on the TQM, the world-class performance in operations (world-class company and operational performance), the company performance (financial and non-financial performances), and the amendments of the Law of the Republic of Indonesia concerning the oil and gas industry, and related research on how the oil and gas industry in Indonesia develops sustainable competitive advantage and sustainable development programs are reviewed in details in our study. The findings from data analysis provide evidence that there is a strong positive relationship between the critical factors of quality management practices and the company financial performance mediated by the three mediating variables, i.e., world-class company practices, operational excellence practices, and company non-financial performance.

Best Practices for the Design and Installation of Bolted Joints

2004 ◽  
Author(s):  
Debra Tetteh-Wayoe
Keyword(s):  
Best Practices ◽  
Oil And Gas ◽  
Cost Effective ◽  
Field Testing ◽  
Oil And Gas Industry ◽  
Bolted Joints ◽  
Pipeline System ◽  
Technical Literature ◽  
Operational Life ◽  
Welded Pipe

The cost effective design and construction of liquid pipeline facilities traditionally necessitates the use of bolted joints as opposed to welds. Some of these bolted joints are frequently disassembled and reassembled as part of regular maintenance, while others are assembled at the time of construction and expected to retain a seal for the lifetime of the pipeline. Consequently, the design and installation practices employed for bolted connections are relied upon to produce the same operational life and integrity as welded pipe. In an effort to ensure that the bolted joints used on our pipeline system are as reliable as our welded joints, we investigated industry best practices for flange assembly and the root causes of joint failure. We have completed extensive research of technical literature, including the torquing procedures used in various industries, and performed field-testing on our own system. Generally we have found that: • Flange assembly failures and concerns about this issue are common in the oil and gas industry; • Practices for tightening flanges are inconsistent; and • To accomplish and retain an effective gasket seal, and thus minimize life cycle leaks, one has to consider many factors, including the amount of torque applied to nuts, the stud and nut friction, the type of gasket used, the size of the studs/nuts/flanges, the type of equipment used for tightening, the calibration of the torquing equipment, flange face alignment, and torquing sequence. Using the results of our investigation, we implemented several measures to enhance both the quality and the long-term integrity of our bolted flange connections. This paper describes the results of our investigations, as well as the practices implemented for flange assemblies required for maintenance and new construction activities.

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