Emerson and StepChange Global have combined their technology and consulting expertise to help producers increase production and cut operational costs by developing, implementing, and evolving best practices with Integrated Operations (iOps) and Digital Oilfield. An effective iOps solution helps users improve profitability through better access to real-time data and information, innovative technology, and its integration into a collaborative organisation.
Emerson’s technology and StepChange Global’s consultants help improve collaboration between the operational site and the support teams in the office in order to maximise the value that can be gained from operating asset information. With iOps, an enterprise can then build confidence in its information and trust among extended teams to implement improvements that include improving operator efficiency and optimising its core operational processes.
By optimising production using iOps tools and techniques, an oilfield can see production efficiency improvements of up to two percent. A closed-loop gas lift application can see production improvements of five percent. Previous iOps implementations have seen OPEX reductions of five to 20 percent with payback in less than a year.
“The oilfield major players see Integrated Operations as a transformational programme to optimise their business performance, and is the way they will work in the future,” says Tony Edwards, StepChange Global CEO. “Performance optimisation is required as the industry struggles with falling oil prices, key skill shortages, and risk reduction and compliance requirements for both Health, Safety & Environmental (HSE) and production.”
“Working with StepChange helps us drive increased production efficiency for our customers,” says Jerry Brown, senior vice-president of Emerson’s industry solutions. “We are reducing operations and maintenance OPEX costs by improving visibility of real-time actionable asset information across multiple remote sites and oilfields.”