Progress, Challenges Seen in Implementing Digital Oilfield Technology
The oil and gas industry’s progress in implementing digital oilfield technology into their operations can be summed up in a quote by science fiction writer William Gibson – “The future is already here, it’s just not evenly distributed.”
Some players in the oil and gas industry have successfully “crossed the chasm” in implementing digital oilfield technology, but others still lag behind, Jim Crompton, an exploration and production industry veteran who now works with Noah Consulting, told attendees at the Society of Petroleum Engineers’ (SPE) Digital Energy Conference & Exhibition near Houston earlier this week.
Crompton contrasted the companies represented at the SPE event – who are true believers in digital oilfield technology – with companies in attendance at a recent small producers’ digital energy conference. Eighty percent of the operators in this market segment still operate on paper. The next big technology that these companies seek to implement is a tablet-based system for operator and lease information. These companies – whose assets include between 100 and 1,000 stripper wells and 400 barrels per day (bpd) to 2,000 bpd of oil production.
“It makes you realize how complex and diverse this industry is,” Crompton noted.
While other companies are awash in digital data, others still see SCADA as the next wave of technology.
Development of digital oilfield technology has been underway for the past 15 years, but it’s only been in the past few years that industry has started to trust and successfully use this technology.
Successfully implementing a digital oilfield program is not which company has bought the latest, coolest gadgets, or has the most data, it’s what they do with their technology and information, Compton noted. The idea behind the digital oilfield is about transforming the way the oil and gas industry does business.
1234
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- USA Could See Strong Hurricane Enter Gulf of Mexico by Mid-Week
- UK Government Lifts Shale Gas Production Moratorium
- Standard Chartered Flags Bearish EIA Data
- Why Top Banks Are Betting Oil Will Stage a Recovery
- Cook Inlet Lease Sale Going Ahead Under New Law
- Diverse Strategies For Oil And Gas Energy Transition
- Renewables In Asia Pacific A $1.8 Trillion Opportunity
- Transocean Semi-Sub Rig Wins Deal Worth $437 Million
- Russia Sets Out How Much It's Going to Cut Gas Flow
- First Australasian Co Signs OGCI Initiative
- Vessel Boarded by Sea Robbers
- U.S. Selling More Crude Oil From Strategic Petroleum Reserve
- $80 Is the New $60 For Oil
- Typhoon Sees FPSO Drift Off Quayside
- Russia Losing Gas War
- Where Is the Most Dangerous Offshore Region for Oil, Gas Right Now?
- Chevron Proceeds With Development Of Aphrodite Field
- Texas Oil And Gas Employment Still Rising
- Petrobras Chief Executive Diagnosed With Cancer, Reports Claim
- Russia Could Find New Markets for Half the Oil Shunned by the EU
- California Declares Grid Emergency
- Fire at Biggest USA Midwest Refinery
- Oil Futures Signal Death Cross
- Russia Gives Power Burn a Whole New Meaning
- Where Is the Oil Price Heading in 2022 and 2023?
- Recession Playbook May Not Work on Oil This Time
- Diesel Pinch Looms
- Vessel Boarded by Sea Robbers
- Emergency Declared After BP Refinery Fire
- Neptune Makes Third Discovery Near Gjoa Field