Oil Field Management Software Provides Performance Management For Upsteam Assets

Aliso Viejo, CA - IndX Software, a Siemens Company, introduced a comprehensive Oil Field Management Intelligence Pack for its XHQ(TM) real-time performance management system. The Oil Field Management Intelligence Pack is a pre-packaged, role-based, upstream operations performance management system that provides proactive notification of current and emerging problems helping production supervisors and managers make better informed decisions about upstream assets and respond to situations in real-time.

Siemens Oil Field Management Intelligence Pack is the result of incorporating the best practices and operating procedures from Oil Field Management Engineers and Operators at pacesetting oil fields around the world. Asset and equipment operating envelopes (design and operating limits) are established for each well and are monitored in real-time. Operators and Field Engineers receive automatic notifications with links to summary and detail views. The solution combines business and real-time technical information from existing upstream systems into a comprehensive advisory system for production wells, metering stations, injection systems, environmental monitoring stations and gas oil separation plants. Engineers and technicians may easily customize pre-built displays for multi-phase flow meters, well tests, work orders and field production maps. Energy management, sand management, corrosion monitoring, well-shut-in history, inner casing pressure monitoring, water management, and pump monitoring are included in the offering.

System Benefits:

• All technical personnel, engineers, supervisors and managers in an organization have instant access to
  technical information about the oil field production system from any PC at any company location.
  
• Trends and patterns in operational performance can be easily recognized and addressed by engineering and
  supervisory personnel; maintaining optimal production levels, increasing recoverable reserves and reducing
  well down time.
  
• Extensions are developed by petroleum engineers and technicians, not IT professionals.
  
• Any change in the field, planned or unplanned, can be monitored from any location.
  
• Value Proposition
  
  • Increase oil recovered from a field 2 - 7 percent
    
  • Reduce lifting costs by 10 - 25 percent
    
  • Increase production rates by 2 - 4 percent

Background
Oil and Gas companies are aggressively seeking solutions to increase recoverable reserves and unlock new barrels of oil from their existing oil fields. One of the keys to increased profitability is operating oil fields more efficiently, without damaging valuable assets or placing employees in harm's way. Today, oil field operators are working harder than ever. Oil fields are outfitted with many types of expensive computer monitoring equipment, but unfortunately, these systems do not talk to each other, and it is difficult for operators to get an accurate picture of how best to manage the overall well field assets.

Frequently, operators unknowingly over-produce to increase yield, which results in the unintended consequence of reducing the life expectancy of the well. Early well decommissioning costs far outweigh any gains achieved through over production.

SOURCE: Siemens Energy & Automation Inc.