BP will share a review of its innovative Field of the Future program 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 real-time, BP will draw on its experiences from its Field of the Future program 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 real-time 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 at 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 program provides a suite of technology-based solutions focused on making better decisions faster and has proved to be a significant success with key benefits including:
BP has identified that typically within the industry the development of digital oilfield programs appear to follow five-year phases. By describing the characteristics of these phases, as well as its own experience of the journey through them, BP will share some interesting and important lessons for achieving value delivery from digital oilfield investment.
"The Field of the Future program is now an integral element of the company's approach to delivering major projects and operating fields and this is also becoming recognized by the industry as a whole. There have been a number of benefits as a result and IE12 will enable us to share these experiences and recent developments," said Steve Roberts, Vice President of the Field of the Future Technology Flagship at BP.
Looking forward, BP believes the industry must make some important choices about how to best progress the digital oilfield concept. At Intelligent Energy 2012, BP will present a view of the options available, and the background to its own choices.
"We believe digital oilfields have started to become a key component of how the industry operates, but there are still more opportunities ahead. We are dedicated to the ongoing development of systems and interfaces that the engineers of the future will want to use. Through focusing on a systems approach enabled by the latest technology developments, and empowered by realtime information, BP aims to create a programme that addresses business and operational challenges yet to be faced," Roberts said.
To find out more about the BP Field of the Future programme, please visit stand B50 at Intelligent Energy 2012 or visit www.bp.com/fieldofthefuture.
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