Lifecycle data management to thrive in low oil price environments

This whitepaper looks at how data readiness is critical for maintaining competitiveness.

Download full whitepaper

Whitepaper summary

Much of the upstream world is under water at current prices. In the current low oil price environment many oil companies have cut CAPEX and OPEX budgets significantly. Upstream producers are very focused on lowering costs and optimizing existing assets at lower throughput/flow rates.

Given the scale of production which is uneconomic at current and forecast oil prices, all producers need to digitalize deeper and faster to boost their resilience and competitiveness. New approaches are needed to drive out costs from the drilling, completion, as well as production operations phases of assets.

This whitepaper looks at:

  • The importance of systematic, data-driven approaches for ongoing tracking and reporting of Key Performance Indicators (KPI's) against targets
  • The role data plays at each stage of the digital roadmap
  • Four case studies:
    • Enhancing operations performance across eight Regional US locations
    • Leveraging common data platform for produced water management
    • A culture of continuous improvement in gas plant production optimization
    • Driving a step change in drilling activities

Share this

Download full whitepaper

Get in touch with us

Do you have a project which you are interest in working with us on?

You may also be interested in


Data readiness: The fundamental building block

May 29, 2020

The whitepaper outlines the key data considerations and decisions that you can make to help you sustain profitable operations.

Read full article

Driving flow assurance through effective KPI setting, analytics and digital twin technology

Aug 15, 2019

In the past, when oil prices were higher, upstream producers were very focused on managing their assets for maximum production volume. However, in the current and forecast business environment, there is a much greater need to manage for value. Maximum value is not always maximum flow; this can sometimes lead to value destruction. So what does managing for value mean for an upstream producer?

Read full article

Key steps for delivering autonomous operations

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

Get the latest updates from KBC

Sign up to our newsletter to receive our latest innovations, viewpoints and be informed about any upcoming events.