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 Well*Share which is a cloud based solution for sharing data from oil and gas wells in real-time. Well*Share 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.
Well*Share is the de facto standard for real-time data sharing in the Gulf of Mexico. Almost every major oil producer uses Well*Share 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
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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