BP will share a review of its innovative Field of the Future programme and pose choices for the next phase in the establishment of the digital oilfield at SPE Intelligent Energy 2012 in Utrecht, Holland from March 27-29.

Under the theme empowered by realtime, BP will draw on its experiences from its Field of the Future programme to discuss the choices, changes and challenges faced by the industry.

It is now 10 years since the Field of the Future concept was established in BP. By seeking to improve decision-making through realtime data-to-decision capabilities in production, operations and reservoir management, BP has faced and overcome many challenges since the Field of the Future initiative was launched.

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.

Tags: BP PLC