Digitization


All posts for Digitization

Digital Knowledge Management leads to Cost-Effective Field Development

Stimulating the engineering teams to make “lessons-learned” recording an automated and standardised process? Huge amounts of data are being created and captured throughout the asset life. While there has been an exceptional evolution in developing software technologies for digitalising and stan ...

Maria Djomina - AGR


Posted 1 year agoOpinion > E&P SoftwareOil softwarepetroleum software +6

Real Time Data for Well Design Optimisation, Not Just Drilling Optimisation

AGR Software participated in SPE Intelligent Energy presenting a paper that focussed on using available and recorded data for improving well design, resulting in improved operational performance of new projects. SPE Intelligent Energy (IE) aims to bring together the global E&P industry to discu ...

Maria Djomina - AGR


Posted 1 year agoPress > E&P Softwarepetroleum softwareOil software +8

Deterministic vs Probabilistic Planning Method

The ability to show the management that the calculated well costs are based on realistic operations and prices for services is important as this allows them to see that the risks have also been identified and quantified. Clearer overview of costs' division gives a higher level of confidence for t ...

Maria Djomina - AGR


Posted 1 year agoPress > AGR SoftwareE&P SoftwareOil software +6

AGR Software Warns: Technological Solutions Are As Good As People Using It

Present day E&P software has significantly improved and is able to produce extremely accurate predictions, however the old adage of Garbage In-Garbage Out (GIGO) holds more true than ever. Petter Mathisen, VP of Software division at AGR, recently participated in a panel debate of an international ...

Maria Djomina - AGR


Posted 1 year agoOpinion > E&P SoftwareAGR Softwaredigitalisation +5

THE PUSH FOR INDUSTRY DIGITIZATION CONTINUES AS OFS PORTAL SURPASSES 300 eCOMMERCE AGREEMENTS

Houston, Texas - OFS Portal announced today it has reached a total of 312 operator and network agreements since its inception in 2000. Less than two months into the new year, OFS Portal welcomes Kaisen Energy Corporation, Canbriam Energy Incorporated, Pennsylvania General Energy Company, and Headi ...

Yvonne Pham


Posted 1 year agoPress > ecommerceDigitizationsuppliers +10

Refineries Increase Reliability and Predictability using the Industrial Internet of Things (IIoT)

50 years ago Star Trek had talking computers and self-diagnosing systems. That seemed outlandish and farfetched in 1967, but its a reality today. Many things that men and women dreamed of are now created by forward thinking companies with the aid of the Internet. Oil refineries are capitalizing o ...

Paul Orlowski - Refining Community


Posted 1 year agoPress > IIoTIndustrie 4.0Industrial Internet of THings +6