Return on Investment using technology (oil and gas)

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Automation Sarah Tamilarasan

Transcript of Return on Investment using technology (oil and gas)

Page 1: Return on Investment using technology (oil and gas)

Automation

Sarah Tamilarasan

Page 2: Return on Investment using technology (oil and gas)

Considering Automation

• Reduces error to 1% vs. human error (5%), 5000 bopd Facility• Annual savings approx. 3.6M (@$50 per barrel)• Increase Uptime, Pumpers, Foreman can focus on trouble

shooting wells, instead of data gathering

Proficient use of Man power

• Provides a real time window to operations• Identify causes of well downtime, could due to 3rd party (oil/gas)

midstream companies

Corporate Office Engineers

Management

• Accurate well data enhances/validates business decisionsBusiness Decisions

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Investment

Minimum of 1MM (Scada

Interface)

Buy in from users Field Personnel,

corporate office

Additional $40k per well for

field instrumentatio

n (based on wireless system)

Implementation of SCADA system• Spend 3 months

evaluating issues surfaced by SCADA

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Fundamentals of Automation

I&E TeamInterface System

Field Instrumentation

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Field Instrumentation

50-70k per 3 well pad

Less Man hours. Installation 20hrs 3 well pad

Easier Maintenance/Troubleshoot

Wireless

250k per 3 well padAdvanced Programming

80 man hours 3 well pad.Superior Reliability

Complicated Troubleshooting

Hardwired

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I&E Team

Proficient I&E Scada supervisor, capable of managing Budget of annual capex of 1MM and more

Use contract team for maintenance/installs

Lead time 6 week. Place orders 8-12 weeks in advance

Implement Maintenance schedule

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Interface System

Capex minimum of 800k (based on 200 wells) and above

Provides window to daily operations. Production Engineers, management identify solutions to reoccurring problems

Troubleshoot, provide priorities for field personnel

Options include Cygnet, Wonderware, etc.

Consider contract 3rd party for maintenance, example purchase block of hours per month

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Examples of Charts• Gas rate shown in red, with oil rate shown in green. • Production Engineers/Foreman/Superintendent can identify specifics to predict future

production

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Trouble Shooting

Coordination is key (Winner was Calibration)• Installation• Calibration• SCADA System