Automation & Digitalization Implementation – A New Normal in Oil & Gas Industry: A Success Story

2021 ◽  
Author(s):  
Cio Cio Mario ◽  
Harris Pramana ◽  
Ameria Eviany ◽  
Anang Nugrahanto ◽  
Nasrudin Nasrudin ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Oil Production ◽  
Rate Allocation ◽  
Success Story ◽  
Gas Industry ◽  
New Normal ◽  
Well Model ◽  
Decline Rate ◽  
Automation Tools ◽  
Gas Lift

Abstract Nowadays automation and digitalization in oil & gas industry have become a new normal practice to replace traditional workflows. The implementation of automation and digitalization is driven by the need to automate the repetitive and low-cognitive tasks, so it allows engineers to spend more time on high-cognitive and high-level analytical evaluations or studies, and to finally lead up to smarter decisions. One of the solutions is by developing and implementing "fit for purpose" automation tools which consist of various data analytics inside the tools. Saka Energi Indonesia, as the operator of Pangkah PSC, has developed and implemented automation and digitalization in Ujung Pangkah field. Located in northern side of East Java, the field's reservoir consists of multi-layered carbonate oil and gas zone, which is being produced through horizontal and directional wells. Solutions of automation and digitalization have been developed for the Ujung Pangkah field to minimize loss opportunity, increase oil production and reduce the field decline rate. With some collaboration efforts from Subsurface, Operation and IT Department Team, some automation tools have been developed and implemented in Ujung Pangkah Field, which are as follows: Exception Based Surveillance (EBS) tool: An automation tool to identify real-time well problems & opportunities. Auto Gas Lift Rate Allocation (GALAA) tool: An optimization tool to automate gas lift rate allocation. SAKA Well Opportunity, Register, Define and Select (SWORDS): An automation tool to evaluate well opportunity portfolio. Well Model Update Automation: A tool to update well model automatically for every individual well. By implementing the automation solutions, various repetitive tasks can be completed significantly faster and more efficiently. Saka engineers have more time to perform high-cognitive analytical evaluations on other technical areas. Ujung Pangkah field oil production decline rate has been successfully decreased from 21%/year to 8.6%/year after the automation solutions have been implemented in 2018. Ujung Pangkah success story of automation & digitalization implementation will be used as a reference for managing other Saka assets in different fields. The new automation solutions are a faster and a more efficient way of optimizing existing field production and it will give positive impacts exponentially with increasing well numbers.

Oil firms will gradually adjust to a new price normal

2017 ◽  
Keyword(s):  
Fossil Fuels ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Cyber Attacks ◽  
Portfolio Investment ◽  
Sharp Drop ◽  
Gas Industry ◽  
New Normal ◽  
Content Type ◽  
Oil Pricing

Subject ‘New normal’ for oil pricing. Significance Since 2008, commentators have frequently applied the phrase ‘new normal’ to the changing market and trading conditions that enterprises find themselves in. The oil and gas industry is no different. More than two years after the sharp drop in oil prices in 2014 and despite the recent OPEC-non-OPEC output cuts, oil is now in a potential new normal regarding price. While oil is often used as a proxy for the industry, this new normal impacts the whole fossil fuels sector. Impacts Portfolio investment decisions have demonstrated capital discipline but must find more ways of achieving a return at 50 dollars per barrel Technology will support the transition, but firms must put in place credible procedures to deal with the threat of cyber attacks The uncertain geopolitical backdrop makes it more difficult, but the sector needs to find a credible response to the COP21 Paris agreement

scholarly journals Utah

2020 ◽  
Vol 6 (3) ◽  
Author(s):  
Mark Burghardt ◽  
Gage Hart Zobell
Keyword(s):  
Crude Oil ◽  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Legal Framework ◽  
Gas Production ◽  
Mandatory Reporting ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Crude Oil Production

Oil and gas production continues to be an important sector of Utah’s economy. Following a 25% loss in production between 2014 and 2015, Utah’s production continues to slowly rebound. Crude oil production in 2019 appears to be slightly ahead of 2018 production. Monthly production averages slightly over three million barrels, placing Utah among the top ten states in crude oil production. Along with the continuing increase in production, the state’s legal framework governing oil and gas continues to develop. This Article examines recent changes in Utah statutes and regulations along with new case law developments involving the oil and gas industry. In particular, this Article discusses a recent federal bankruptcy decision involving midstream agreements, the revision to a Utah statute that now requires mandatory reporting of unclaimed mineral interests, and recent revisions to Utah’s oil and gas regulations.

scholarly journals MECHANISMS AND INSTRUMENTS FOR ENSURING ECONOMIC SECURITY OF OIL AND PETROCHEMICAL ENTERPRISES

2020 ◽  
Vol 8 (1) ◽  
pp. 126-130
Author(s):  
Camila Weisman
Keyword(s):  
Crude Oil ◽  
Oil And Gas ◽  
Raw Materials ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Economic Security ◽  
Gas Industry ◽  
Important Direction ◽  
The Russian Federation ◽  
Oil And Gas Sector

The oil and gas industry remains for Russia the most important source of income, a strategic industry. According to official figures of the Ministry of Finance of the Russian Federation, income from the oil and gas sector, according to the results of 2019, is 40% of the total budget of the country. A large volume of crude oil and gas is exported from the country. The tax burden on raw materials reaches up to 60% of the initial cost, which makes oil production at new fields extremely unprofitable. The most important direction for the country is the transition from a strategy for the sale of crude oil products to refined ones, which have an additional cost. The article discusses the features of domestic oil production, analyzes the reasons for overpriced in comparison with competitive raw materials from other oil producing leader countries. The strategy of ensuring the economic security of the industry is noted, the main tools are listed and the mechanisms for ensuring the economic security of petrochemical industry enterprises are presented.

scholarly journals Financial Performance Analysis Before and After the Decline in Oil Production: Case Study in Indonesian Oil and Gas Industry

2018 ◽  
Vol 7 (3.21) ◽  
pp. 10
Author(s):  
Wiwiek Mardawiyah Daryanto ◽  
Dety Nurfadilah
Keyword(s):  
Financial Performance ◽  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Return On Equity ◽  
Financial Condition ◽  
Before And After

Indonesia’s oil and gas industry is the huge contributor to government export revenues and foreign exchange and contributes a substantial amount to state revenue. However, the total of oil production declined around 4,41% per year since 2007, and the sharpest decline was in 2013. This situation gives impact to the performance of oil and gas industry, especially government revenues. Therefore, the purpose of this study is to measure the financial performance of Oil and Gas Industry and to examine the significance differences between the financial performance before and after the decline in oil and gas production. The data were collected from financial report and the period was divided into two periods, before the decline in production (2011 – 2012) and after the decline in production (2014 – 2015). Paired sample t-test and financial ratio analysis (FRA) were used to analyzed the data. The finding shows that the largest oil and gas company in Indonesia is still in good financial condition, although it gained loss. In addition, current ratio and return on equity had significance difference during the period of before and after a decline in oil and gas production. The authors believe that the findings will be helpful for managers who continuously attempt to explore opportunities to provide a higher return. 

scholarly journals Main directions in the development of Russia’s oil sector in the first half of the XXI century

2019 ◽  
Vol 89 (11) ◽  
pp. 1095-1104 ◽  
Author(s):  
Alexey E. Kontorovich ◽  
Lev M. Burshtein ◽  
Valery R. Livshitc ◽  
Svetlana V. Ryzhkova
Keyword(s):  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
First Century ◽  
Special Focus ◽  
Resource Base ◽  
Gas Industry ◽  
Oil And Gas Fields ◽  
Oil Sector ◽  
Gas Fields

This paper discusses the most important aspects of the development of the oil and gas industry in Russia. To replace declining oil production in Russia, we need to change the obsolete paradigm of the development of the domestic resource base. In the twenty-first century, the priority tasks in the search for oil deposits should be the Russian Arctic shelves and immature onshore provinces as well as unique unconventional oil accumulations (Bazhenov, Domanik, Khadum, Kuonamka Formations, etc.). In addition, special focus should be placed on the exploration of small and smallest oil and gas fields, which will be developed with the collaboration of small- and medium-sized oil businesses to ensure up to 20% of domestic oil production. The shift from extensive to intensive development of Russias oil and gas sector will require the prioritizing of technological tasks.

Comparative Evaluation of the Efficiency of Regulatory Mechanisms of the Oil and Gas Industry and Industrial Waste Processing

2020 ◽  
Vol 11 (7) ◽  
pp. 1742
Author(s):  
Dinara Yerbolovna SATENOVA ◽  
Zhanat Mukhanbetzhankyzy BULAKBAY ◽  
Saule AZYLKANOVA ◽  
Rysty Kudaibergenovna BERSTEMBAEVA ◽  
Zhibek ABYLKASSIMOVA ◽  
...  
Keyword(s):  
Industrial Waste ◽  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Regulatory Mechanisms ◽  
Waste Processing ◽  
Environmental Disaster ◽  
Processing Industry ◽  
Gas Industry ◽  
The Republic

Many forecasts agree that the volume of the world oil production will soon peak and then begin to decline. Other studies conclude that stocks oils are not running out, they are becoming less available. The future is uncertain, it is impossible to plan it precisely. Nevertheless, this industry is one of the most profitable in the Republic of Kazakhstan, where oil production is constantly increasing, all regulatory mechanisms are in place, and although their effectiveness is not assessed high, however, a mechanism for interaction with all sectors of the economy has been established. Major problems were found in the regulatory and environmental management of the oil industry; however, it can be noted that in the processing industry of manufactured enterprises there is no interaction with many sectors of the economy. The authors proposed to compare the effectiveness of regulatory mechanisms in the oil and gas industry and in the industry of processing of industrial waste. Subsequently, it was revealed that the mechanisms for regulating the industrial waste processing industry were practically not developed, and the problems arising in this industry ignored by government agencies. In this way, avoiding the problems of the industrial waste processing industry brings Kazakhstan to environmental disaster.

scholarly journals The effect of foam quality, particle concentration and flow rate on nanoparticle-stabilized CO2 mobility control foams

RSC Advances ◽  
2019 ◽  
Vol 9 (16) ◽  
pp. 9313-9322 ◽  
Author(s):  
Chunkai Fu ◽  
Jianjia Yu ◽  
Ning Liu
Keyword(s):  
Flow Rate ◽  
Carbon Emissions ◽  
Particle Concentration ◽  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Mobility Control ◽  
Gas Industry ◽  
Promising Technology

CO2 foam is regarded as a promising technology and widely used in the oil and gas industry, not only to improve oil production, but also to mitigate carbon emissions through their capture.

On Building a Model for the Efficient Development of the Oil and Gas Industry

2021 ◽  
Vol 27 (12) ◽  
pp. 971-982
Author(s):  
R. Kh. Azieva
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Petroleum Products ◽  
Gas Industry ◽  
The Russian Federation ◽  
The Impact ◽  
Oil And Gas Enterprises

Aim. The presented study aims to build a model for the efficient development of the oil and gas industry in the long term. Tasks. The authors investigate the peculiarities of the development of the oil and gas industry in the Russian Federation at the present stage when the COVID-19 coronavirus pandemic has had a significant impact on the reduction of oil production and global demand for oil and petroleum products; identify strategic directions for the development of the oil and gas industry in Russia and substantiate the need for government measures to support the oil and gas industry, including the possibility of forming innovative investment resources and reducing the tax burden in combination with a global shift away from fossil fuels, which will ensure more efficient use of oil and gas reserves. Methods. This study uses the theory and methodology of strategizing developed by academician V.L. Kvint as a basis for determining strategic directions and priorities for the development of the oil and gas industry. An economic and mathematical regression model for predicting the volume of oil production in the Russian Federation over the next five years is developed with allowance for the priorities of the methodology under consideration. Results. Substantiation of the projected values of oil production increases the preparedness of Russian oil companies and the government, allowing them to respond to various scenarios in the future and thus making it possible to develop an efficient strategy based on preventive measures to reduce the impact of oil price volatility on the Russian economy. Calculations show that Russia will most likely not be able to fully realize its production potential. In the long term, oil production will naturally decline due to the depletion of the resource base. One of the prerequisites for the successful operation of oil and gas enterprises is their orientation towards an innovative strategy in the context of sustainable development. Conclusions. The era of cheap oil and unexpected profits from hydrocarbons is gradually coming to an end. Therefore, strategically important directions for the oil and gas industry include the modernization of technologies and equipment by attracting investments in oil and gas enterprises and the development of the industry’s infrastructure, diversification of the refining industry, reduction of crude oil exports, and increased exports of finished petroleum products.

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