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Transforming production
Real-time information and remote collaboration help to increase production revenues and reduce costs.
Exploration and production (E&P) companies are not immune to the global economic downturn. Indeed, some E&P projects have been postponed. But there are companies that are optimising oil and gas production by pushing facilities to their full potential in real time. These companies are striving to maximise their revenues, which is helping them to endure the downturn and to position themselves better to thrive when the upturn comes.
For example, one offshore platform has used FieldWare‡ software to enable an increase in oil production of up to 10% while reducing lift-gas volumes by 20%. These gains have already been sustained for over five years, and have helped the Shell operating unit to deliver increased value through the downturn.
FieldWare is a suite of real-time production optimisation software applications that are designed to help field asset teams to make quicker and better informed decisions. Whereas conventional realtime systems often simply gather and report basic data, FieldWare converts data from remote wells and production facilities into useful production information.