Most deepwater oil fields are organized as joint ventures to mitigate the financial risk of exploring and operating what is often over a multi-billion dollar investment. Our customer, a multi-national oil company operating in the Gulf of Mexico, was looking for a service-based model for sharing data with their non-operating JV partners that they were gathering from fields they operated. They similarly wanted the same service-based solution to receive data from the operator of fields in which they were the non-operating partner.
Oil companies are driven to partner in deepwater oil and gas production to mitigate risk, but their partners in one operation are often their competitors in another. As a result they do not want to connect their systems to each other for fear of data leaks, and also because they cannot easily support one-another’s disparate data and security standards.
Our customer chose WellShare which is a cloud based solution for sharing data from oil and gas wells in real-time. WellShare typically ties in behind the operating company’s firewall to mirror data from their process historian in accordance with their unique data and security requirements. Mirrored data is then served to the various JV partners according to each one’s own data and security standards, essentially acting as a “universal adaptor” among the various parties. For those partners who prefer, data is instead presented via a web portal where various dashboards and reports are available, and an alerting system notifies any abnormalities.
WellShare is the de facto standard for real-time data sharing in the Gulf of Mexico. Almost every major oil producer uses WellShare for inbound and/or outbound data sharing. It is an efficient, arm’s length means for large corporations to fulfill their data sharing obligations without having to make any changes to their own policies or systems.
WHITEPAPER
Feb 4, 2020
Achieving autonomous operations is all about empowering the plant to run, learn, adapt and thrive in tomorrow’s environment. Dynamic real-time optimization gives a fast automated response based on the actual changes in raw material properties, product demand, and operating conditions.
Read full article
NEWS
Jun 3, 2020
Petro-SIM® and the OLI Alliance Engine digital twin mitigates operational risk, increases efficiency, and prevents revenue loss.
Read full article
BLOG
May 13, 2020
Sanjay Bhargava, Principal Consultant
Do you have an accurate representation of your plant to drive the right decisions in your organization at this critical time?
Sign up to our newsletter to receive our latest innovations, viewpoints and be informed about any upcoming events.
