BP will display its Field of the Future™ programme, which is at the center of the company’s goal to increase production by 100,000 barrels a day by 2017, at SPE Intelligent Energy 2010 in Holland starting today (23-25 March, Jaarbeurs, Utrecht).

Routinely supporting more than 80 percent of its top producing wells, the BP Field of the Future programme seeks to improve decision-making through real time data capabilities in production and reservoir management. Since it was initiated five years ago, the programme, which is now a routine part of how BP builds projects and operates fields across its portfolio, provides a suite of technology-based solutions focused on making better decisions faster – and to enable BP to get more oil and gas out of its reservoirs more quickly and efficiently.

Through the application of these technology solutions across a number of businesses, by working to achieve effective uptake in their organisations, and with the support of their business leadership, this BP Flagship Technology Programme is well ahead of its plan to achieve significant production and reserve targets.

Doug Suttles, Chief Operating Officer, BP Exploration & Production, will deliver the keynote speech in the opening session of the conference, highlighting the context for Intelligent Energy as it comes of age across the industry, and reflecting on the progress made and the challenges ahead.

Bernard Looney, Managing Director, BP North Sea, will highlight the successes and lessons learned from the application of intelligent energy within the company’s North Sea activities, illustrating what it takes to make a real difference and demonstrating ways of working and resultant performance and delivery.

Since 2007, BP’s oil and gas operations, enabled by real-time data and technologies, including BP proprietary Field of the Future solutions, have delivered an extra 30,000 to 50,000 boepd gross production each year from around 25 percent of the company’s portfolio.

“In a relatively short time, digital technology has introduced radical improvements into every facet of exploration and production. Thanks to the efforts of the companies at Intelligent Energy 2010, the pace of change shows no signs of slowing down,” said David Latin, Vice President of E&P Technology, BP and a co-chair of SPE Intelligent Energy 2010. “At BP, Intelligent Energy means combining the effective application of leading-edge technology with the power of a functional organisation, innovative people and leadership discipline. Intelligent Energy is a dynamic concept and at BP we seek to continually improve what we apply and where we apply it.”

Tags: BP PLC