Intelligent Energy event - BP's presentation 'empowered by realtime'
Friday, March 09, 2012
BP has announced a series of presentations around the theme 'empowered by realtime' to be provided at the forthcoming Intelligent Energy 2012 event in Utrecht, Netherlands, on Mar 27-29.
It will demonstrate the benefits it is getting from digital technology, in improving production, reservoir and facilities management.
BP staff present include Steve Roberts, Vice President of the Field of the Future technology flagship, BP; Jeff Dickens, Manager of Field of the Future Programme Office, BP; Ellen Williams, Chief Scientist, BP; and Deanna Alaniz, Upstream Learning, BP.
BP staff will present 7 papers and have co-authored a further 2, with topics including an overview of the Field of the Future programme and the challenges faced; virtual flow metering; dynamic flow modelling; the development of the second generation of digital oilfields on the Skarv and Valhall projects in Norway, and the benefits and challenges of implementing real time technology.
BP established its Field of the Future program 10 years ago.
The company says it is "significantly ahead" of its initial target timing for delivery from the project.
At the end of 2011, production increase resulting from the application of proprietary Field of the Future solutions was assessed as 73,000 barrels of BP net oil equivalent a day - two years ahead of the plan set internally to reach a target of 100,000 barrels a day by 2017.
The company's digital oilfield program had 2 five year phases, the first to prove the concept, and the second to prove that value could be delivered.
BP says it can now choose between ending the Field of the Future project; continuing with incremental innovation driven by short term business needs; or developing a new generation "deep capability" with big changes in how it manages reservoirs and operates fields using real time data.
"BP's vision is to pursue this third choice," the company says.