KBC was engaged to scope and complete integration of real-time and near real-time data against well assets by a major independent exploration and production company to improve the cost and reduce the duration of their drilling operations by avoiding expensive inefficiencies and mistakes.
Data required to solve the problems this customer faced were in various systems and of differing types. Communications barriers within the customer organization had resulted in no viable solution being developed. The customer had recently declared their PI System as the system of record for real-time data and the platform upon which such applications should be built.
KBC integrated multiple sources of real-time and near real-time data into the site PI System bringing together OT and IT information into an asset based data model. This model then allowed triggering of alarms for issues such as:
Many of KBC’s off-the-shelf PI components were utilized to solve the customer’s issues. KBC worked as a partner alongside the customer interacting with their engineering, IT, and management departments bridging communication barriers between the groups for optimal results. Analytics, visualizations, and automation of new assets were all key components of this project’s success.
The customer was able to reduce average drilling time by days and in some cases weeks as a result of the increased real-time monitoring. The alarming setup reduced equipment damage thereby reducing delays in production and cost overall. The level of accuracy while drilling was improved resulting in less “zig zag” and better production results. All in all this project has brought a reduction in cost and drilling duration to the production field.
WHITEPAPER
Aug 15, 2019
Europe’s refiners, through their industry organization Fuels Europe, have set out their long-term ambitions in a new program called Vision 2050. Putting this vision into practice will require Europe’s refiners to rethink and rebuild their long-term strategies, along the way transforming their organizations into modern, flexible knowledge-based enterprises. Read more in this market insight by KBC Chief Economists.
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NEWS
Oct 22, 2018
The hub will reduce energy costs and emissions of Singapore-based companies by 10 per cent through delivery of energy management and optimization solutions and next generation analytics via the Cloud.
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BLOG
Nov 6, 2018
Duncan Micklem, Strategy Director
Rising operational costs, a retiring knowledge pool and aging, inflexible infrastructure are just three of a number of threats the process industries currently face. These challenges, however, can be resolved if plants adopt an efficient Digitalization strategy. Here, Duncan Micklem, Director of Business Strategy at KBC, argues why urgent action needs to be taken and the time to Digitalize is now.
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