PRODML: A Shared Solution for Upstream Oil & Gas Cos to Optimize Production

A group of energy companies have launched an initiative to help producers independently optimize their oil and gas production.

The PRODuction xML, or PRODML(TM), Work Group is seeking the development of commercial software products within a twelve-month work effort that will improve data exchange and work process efficiency in production optimization.

PRODML will build on the earlier success of WITSML(TM), a similar XML-based standard for drilling information. WITSML(TM) (Wellsite Information Transfer Standard Markup Language) is now an open industry standard maintained by POSC (Petrotechnical Open Standards Consortium). PRODML will extend the results of the ongoing WITSML(TM) standards development efforts to include data needed for field production optimization.

Production optimization involves integrating real time data from specialty, multi-vendor software applications and streamlining work processes to enable oil and gas field operational efficiencies. PRODML will develop the necessary XML-based data exchange solutions as an open industry standard. After a working PRODML pilot is launched, POSC will maintain the standard and make it publicly available.

Up till now, oil companies and service providers have wasted a lot of time and effort converting common data for in-house custom-built systems. PRODML will allow the transfer of production data more easily, saving huge amounts of money across the industry, and allowing us to concentrate on the real business of making our wells and production facilities work better and more efficiently.

Since the initial meeting in August 2005 PRODML, the Work Group has specified the fundamental data requirements to enable generic production optimization work flows. This work has highlighted the data elements that are the PRODML focus for delivering an XML-based open standard for the E&P industry.

The data exchange requirements are based on these generic production optimization work flows:

     * Gas Lift Optimization
     * Optimizing Free Flowing wells based on real-time measurements and
       network models
     * Field Wide Optimization based on real-time measurements, network models
       and reservoir simulation

An aggressive development schedule includes pilot tests for these three initial flows by early summer. The PRODML open standard should be available to software developers and Oil and Gas producers by late 2006.

The PRODML Work Group includes: BP, Chevron, ExxonMobil, Shell, Statoil, Halliburton, Invensys, OSIsoft, Petroleum Experts, Schlumberger, Sense Intellifield, TietoEnator, Weatherford and POSC.

Related Companies
 Company: BP plcmore info


 - Big Oil Back On The Acquisition Trail As Outlook Brightens (Jan 19)
 - Canada Rules Out Arctic Oil Drilling Extensions for ExxonMobil, BP (Jan 6)
 - Samsung Wins Mad Dog 2 Fabrication Contract (Jan 5)
 Company: Exxon Mobil Corporationmore info


 - ExxonMobil's $5.6B Acquisition Validates Permian as Core Operator Strategy (Jan 17)
 - Petrovietnam, Exxon Mobil Sign Deal On Gas Generation (Jan 13)
 - ExxonMobil Strikes More Oil Offshore Guyana (Jan 12)
 Company: Halliburton Companymore info
 - WellAware, Halliburton Partner to Distribute WellAware IoT Solution (Dec 9)
 - Halliburton, US Silica Set North America Record (Oct 17)
 - More Than 350 Oil Service Workers Laid Off in Norway Due to Strike (Sep 28)
 Company: Shellmore info


 - Norway Awards 56 Oil And Gas Licences In Mature Areas (Jan 17)
 - Southern North Sea Special Interest Group Launched (Nov 21)
 - Report: Growing Confidence in North Sea Oil, Gas Industry (Nov 14)
 Company: Statoilmore info


 - Statoil Says Mistakes, Lack Of Maintenance Led To Troll, Mongstad Accidents (Jan 20)
 - Big Oil Back On The Acquisition Trail As Outlook Brightens (Jan 19)
 - Oil, Gas Firms Make Global 100 Most Sustainable Corporations List (Jan 19)
 Company: Weatherford Internationalmore info
 - Document: Algeria's Sonatrach Awards $180M in Oil Service Contracts (May 8)
 - Aker Posts Lower Profits, Cuts Workforce Salary (Feb 12)
 - Oilfield Services Provider Weatherford to Cut 6,000 Jobs (Feb 3)
 Company: Chevron Corporationmore info
 - Argentina Clinches Deal to Attract Investment in Vaca Muerta Shale (Jan 11)
 - Oil, Gas Conflicts throughout Africa in 2016 (Jan 4)
 - SOCAR, AIOC Agree to Develop ACG Field (Dec 23)
 Company: Schlumbergermore info
 - Schlumberger Posts Smaller Fourth-Quarter Loss (Jan 20)
 - Schlumberger Expands Production Services Portfolio with Peak Buy (Jan 5)
 - Oilfield Services Giant Schlumberger Cuts More Jobs (Dec 12)
 Company: Invensysmore info
 - Invensys to Optimize XTO's Operations (Apr 21)
 - Saipem Taps IPS for Automation, Safety Equipment on Gimboa FPSO (Nov 18)
 - Invensys Opens Offshore Center to Support PEMEX in Marine Region (Feb 26)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles


Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours