Monday, April 14, 2008
Statoil Growth - Wireless, Real-time Data Integration Key
A report emanated from the Norwegian Oil Industry Association (OLF) and bore the title “Potential Value of Integrated-Operations on the Norwegian Shelf.” OLF released the report in 2006.
The report found if oil and gas companies active in the Norwegian shelf quickly were to integrate their operations, they could increase their revenues from the shelf by $41.5 billion. If they do not, they can expect to miss $10 billion in potential revenues within the next three years alone. These staggering figures reflect an array of challenges the industry faces and the scale of the prize at stake.
Although the prescribed solution to these challenges goes under different names—Integrated Operations (Statoil), eOperations (Hydro), Smart Field (Shell), Field of the Future (BP), and i-field (Chevron)—the key elements are broadly the same.
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The report found if oil and gas companies active in the Norwegian shelf quickly were to integrate their operations, they could increase their revenues from the shelf by $41.5 billion. If they do not, they can expect to miss $10 billion in potential revenues within the next three years alone. These staggering figures reflect an array of challenges the industry faces and the scale of the prize at stake.
Although the prescribed solution to these challenges goes under different names—Integrated Operations (Statoil), eOperations (Hydro), Smart Field (Shell), Field of the Future (BP), and i-field (Chevron)—the key elements are broadly the same.
More from here
Labels: Energy-Environment-Engineering, Manufacturing-Production-Engineering
PermaLink - Statoil Growth - Wireless, Real-time Data Integration Key posted by Ecacofonix : 5:17 AM
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