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Emerson and StepChange Global have combined their technology and consulting expertise to help producers increase production and cut operational costs by developing, implementing, and evolving best practices with Integrated Operations (iOps) and Digital Oilfield. An effective iOps solution helps users improve profitability through better access to real-time data and information, innovative technology, and its integration into a collaborative organization.
Emerson's technology and StepChange Global's consultants help improve collaboration between the operational site and the support teams in the office in order to maximize the value that can be gained from operating asset information. With iOps, an enterprise can then build confidence in its information and trust among extended teams to implement improvements that include improving operator efficiency and optimizing its core operational processes.
By optimizing production using iOps tools and techniques, an oilfield reportedly can see production efficiency improvements of up to two percent. A closed-loop gas lift application can see production improvements of five percent. Previous iOps implementations have seen OPEX reductions of five to 20 percent with payback in less than a year.
Keywords: Closed-Loop Gas Lift, Oilfield, Integrated Operations (iOps), Digital Oilfield, ARC Advisory Group.