Unlocking Value From Data to Enhance Decision Making in Upstream Operations

Mar 27, 2024   Written by Rolando Gabarron and Michelle Wicmandy

In today's dynamic oil and gas landscape, staying ahead is crucial. With volatile commodity prices, rising costs, and sustainability concerns, the industry faces significant challenges. As per Reuters, global oil demand growth is projected to decelerate sharply from 3.7 million barrels per day (bpd) in 2023 to 500,000 bpd by 2026. 

Amidst these challenges, it's essential for refineries to regularly review and adjust its strategies as digital transformation evolves. To help businesses adjust and drive operational improvement, KBC AcuityTM Industrial Cloud Suite emerges as a powerful tool to enhance your decision-making.

The Role of Innovation
What does innovation mean for you? The true advantage of KBC Acuity Industrial Cloud Suite lies in its flexibility and scalability. It's a dynamic platform designed to meet the diverse needs of professionals at all levels whether operators, engineers, managers, data scientists, or executives.

KBC Acuity enables companies to optimize their operations by tackling several economic challenges faced by customers in the upstream sector.  These challenges include:

  • Early anomaly detection to minimize non-production time when assets are down, saving around USD 8 billion per year.
  • Simplify and reduce costs to securely share production data.
  • Reduce capital investment and operational costs for IT infrastructure.
  • Improve subject matter experts’ productivity by reducing time spent searching and manipulating data by up to 70 percent.
  • Decrease production costs to yield savings exceeding 1 percent.

Now, you can effortlessly extract maximum value from your data. With advanced visualization from a single pane of glass and decision-making tools, KBC Acuity Industrial Cloud Suite supports you every step of the way from addressing economic challenges to offering features such as early anomaly detection and simplified data sharing.

The Power of the Cloud
But what about the technology behind the KBC Acuity Industrial Cloud Suite? The platform leverages the Yokogawa Cloud to offer a variety of benefits tailored to help you succeed such as scalability, accessibility, enhanced security measures, seamless integration with third-party applications, and more. With the release of the KBC Acuity Industrial Cloud Suite, starting with the KBC Acuity Operations Monitor Upstream, you can expect updates tailored to meet your evolving needs and drive innovation.

Data security is of the utmost importance to you - and it's also of utmost importance to us. The Yokogawa Cloud platform provides us with strict security measures to ensure your information always remains secure and safe. Moreover, we provide a wide range of support resources to help you navigate cloud technology throughout your digitalization journey.

Experience KBC Acuity
KBC Acuity Industrial Cloud Suite is more than just a platform. With KBC Acuity, you can optimize your processes, improve efficiency, and make informed decisions based on real-time data.

Ready to experience the benefits of KBC Acuity Industrial Cloud Suite? Contact us today for a free demo or to schedule an appointment tailored to your specific needs.