OffComm news summer 2015: The SMARTER Digital Oilfield

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One of the few areas in which oil and gas companies may consider investing more money in a downturn (rather than less) is communications – on the basis that the right sort of comms efficiencies can save more money than they cost. But what are the right sort?

Transcript of OffComm news summer 2015: The SMARTER Digital Oilfield

  • NEWSR E M O T E C O M M U N I C A T I O N S E X P L O R A T I O N

    S U M M E R 2 0 1 5

    Revealed:The driving forces behindthe future of remote comms

    Guaranteeing continuityfor critical data

    Digital Oilfield market worth US$38.49billion by 2014 Digital oilfield services togrow to +US$3.15billion in 2015 Partnership connects Aberdeen on & offshore

    M2M offshore expectations for next decade More apps improve ops as networks deploy Talking data! Smalldevices with big ambition Why now is NOT the time to be cutting comms budgets PLUS The Quarterly, events,appointments and much more inside!

    THE LOWDOWN

    Produced by CTLD Publishing Ltd

    The smarter(and more cost-effective)

    digital oilfield

    SPECIALINTERVIEW

    AbsoluteMobility

    Globalstarpg 24

  • The Data Driven Production Optimization Conference

    (June 16-17, Houston)

    The industry-leading forum in which experts in the eld of production and operations data and analytics gather to share strategies to use operational data effectively to increase efciency and improve production rates in your operating assets.

    To nd out more and reserve your place go to: www.upstreamintel.com/data

    Email: lharper@upstreamintel.com Tel. +44 (0)20 7375 7560

    reduce E&P costs and shorten schedules

    raise productivity

    slash downtime

    make better use of the shrinking pool of experienced technical staff

    improve worker safety and health

    extend the lifetime of brown elds

    undertake more complex projects to access reserves in difcult environments.

    BENEFITS OF ANALYTICS

    Upstream Analytics: Market Overview

    Data analysis could help oil and gas companies boost production by 6-8%.Apache executives: by improving pump performance of 1%, oil production will rise by half a million barrels a day, with a gain of $19 billion a year.

    POTENTIAL COST SAVINGS

    Halliburton estimated that its rst development of a digital oileld in a deepwater environment led the operator to achieve 95% uptime during the rst month of production - and to avoid more than $64 million in lost production during the rst 18 months.

    DATA CHALLENGES

    Accessibility

    Change Management

    Formatting/Integrating

    Latency

    Quality

    Standards

    Value/Cost

    Volume

    15%

    20%

    5%

    9%

    16%

    8%

    10%

    10%

    3RD PLATFORM Mobile, Cloud, Big Data/Analytics, Social

    By 2020 - 50% IT spending, 100% IT growth driven

    by 3rd platform

    By 2016, 70% of O&G companies will have invested in programs to evolve the IT environment to a 3rd platform driven architecture to support agility and readily adapt to change.

    Upstream makes up 40% of IT spending and is expected to grow at a compound annual growth rate (CAGR) of almost 18%.

    IT SPENDING PROJECTIONS, OIL AND GAS

    $$

    IT Spending in Oil and Gas Will

    Increase to $49.4 Billion

    in 2016

    In 2015 capital expenditure by these companies is estimated to reach SD$500bn (of which over 10% is IT alone)

    In 2015, the Digital Oileld services market will have grown by 40% - to more than $3.18 billion

    Software leads growth, at a CAGR of 6.59%.

    1

    $

    25% say IT budgets will remain the same in 2016 as the IT budget plans for 2015

    5% say budgets would increase 5% in 2016 for 2015

    Since a single rig can generate one terabyte of data each day, the total amount of data that passes through a Digital Oileld can be potentially petabyte-sized (1015 bytes) or larger per day

    DROWNINGIN DATA?

    Less than 1 percent of the information gathered from about 30,000 separate data points was being made available to the people in the industry who make decisions

  • 28ARTICLECalling the Oil Industry Our man on the ground,Martin Jarrold, says thatnow is not the time tocut comms budgets

    30CASE STUDYNTT Communicationsand IDS Operational reporting anddata analysis

    31ARTICLE Exploring satellite fordeploying real-timenetwork O&G servicesby Alexander Benitez, seniorscientist, ComSource

    32ANALYSISDNV GL looks at globalindustry confidence andpriorities for the yearahead

    NEWS

    In this edition, we look at how to cut costsand make the digital oilfield a smarter process.

    While orders for new rigs and servicevessels have slowed, in contrast itsgetting busier inside the comms firmsenabling todays digital oilfields.

    Several key appointments, some creatingnew business areas, indicate that

    delivering innovation and cost effectivenessare high on the agenda. Indeed, on page 28,Martin Jarrold, chief of internationalprogramme development for the GVF, delivershis message to the oil and gas industry thatnow is not the time to be slashingconnectivity budgets.

    As E&P companies grapple with the currentstate of the market, the Remote Insight

    Report in this issue looks at ways that oil andgas companies can smarten up existingcomms systems, cut costs and improveoperations at the same time. In fact, withM2M / SCADA sophistication well underway,the connectivity sector has an impending,important role in the future profits of miningand exploration. More about that in ourAutumn edition, out in July.

    Until then, enjoy the summer.

    Georgina Elringtoneditor@OffCommNews.comTweet us @OffCommNews

    PS: In the meantime, you can find out whatforces are driving the future of remotecommunications on page 26.

    6DEALS AND MARKETS Major announcementsin the sector

    13REMOTE INSIGHT REPORT Smarter Digital Oilfields Vaughan OGrady takes usthrough whos enablingwhat, and how

    22SPECIAL INTERVIEWGuaranteeing thecontinuity of critical dataBob Legg at iOra looks atthe challenges

    24SPECIAL INTERVIEWAbsolute Mobility

    OffComm News is a trading name ofCTLD Publishing Ltd. Company No.7774639 ISSN 2051-9362. Read thedigital version online by clicking thecurrent edition image athttp://OffCommNews.com.OffComm News is available in printquarterly by subscription only.Digital subscriptions are free viawww.goo.gl/kr3bz

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    For editorial & subscription queriesemail: editor@OffCommNews.comor telephone 44 (0) 203 239 1777

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    Welcome

    Inside this issueNEWSR E M O T E C O M M U N I C A T I O N S E X P L O R A T I O N

    S U M M E R 2 0 1 5

    Revealed:The driving forces behindthe future of remote comms

    Guaranteeing continuityfor critical data

    Digital Oilfield market worth US$38.49billion by 2014 Digital oilfield services togrow to +US$3.15billion in 2015 Partnership connects Aberdeen on & offshore

    M2M offshore expectations for next decade More apps improve ops as networks deploy Talking data! Smalldevices with big ambition Why now is NOT the time to be cutting comms budgets PLUS The Quarterly, events,appointments and much more inside!

    THE LOWDOWN

    Produced by CTLD Publishing Ltd

    The smarter(and more cost-effective)

    digital oilfield

    SPECIALINTERVIEW

    AbsoluteMobility

    Globalstarpg 24

    Contents

    3SUMMER 2015

    26FEATURE Deliberating tomorrowsservices Forces driving the future ofremote comms

    flashcomms

    contractsQ1 2015page 9

    Summer2015

  • Yinson selects IFS Apps for US$2m FPSO deal

    Yinson Holdings Berhad, headquartered inMalaysia, is a supplier of offshore supportservices in the upstream oil and gas sector. Ithas chosen IFS, is one of the worlds leadingproviders of business software to large andmidsize companies within the oil and gasindustry, to deploy IFS Applications in a dealworth US$2million for its Floating, Production,Storage, Offloading (FPSO) division, at YinsonProduction which is based in Oslo, Norway.

    We chose IFS Applications because itoffered us a unique project-driven, dynamicsolution with industry-specific functionality,Brad Neve, CFO, Yinson Production said.

    We are convinced that IFS Applications willhelp us to streamline our business, give usenhanced project control, and make ouroperations even more efficient.

    According to ABI Research, growth of thesolar and wind industry will increasingly relyon adoption of IoT-based technologies andservices. The firm expects IoT connectedwind and solar installations to grow at aCAGR of 21% between 2014 and 2020 withthe total number of connections growingfrom the almost two million in 2014 to 6.3million in 2020.

    All aboard the Global Xpress, China

    Beijing Marine Communication NavigationCompany (MCN), has signed new VAR(Value Added Reseller) agreements withInmarsat to bring Global Xpress, the worldsfirst globally available mobile broadbandservice, to China.

    Inmarsat works with retail partners toprovide mission critical communicationsservices to Chinese multinationalenterprises including: Air China, ChinaCOSCO, China Shipping Container Lines,

    and China National Petroleum Corporation.

    The country is one of the largest markets forInmarsats mobile satellite-based voice andbroadband services, delivering double-digitgrowth in the last five years. The company isconfident that there will be significantdemand for Global Xpress too. And now,with VAR status, MCN will be able to reachfurther int