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The ‘Internet of Things’ (IoT) is driving the rapid pace of digital adoption across multiple industries. Facing a potentially ‘lower for longer’ scenario, the oil and gas industry is beginning a transformation of its own, increasingly looking toward data-driven solutions to boost performance, enhance efficiency and ultimately, to reduce costs.
Siemens helps customers optimize the performance of critical oil and gas assets and equipment. We draw on an extensive software portfolio, deep expertise in data analytics and extensive experience in oil and gas and other industries.
Data-based solutions translate to efficiency gains and cost savings, all the more critical in a ‘lower for longer’ scenario. And, your competitors are already pursuing digital solutions.
‘Digital twins’ enhance design, engineering, testing, training operations and maintenance. Data analytics and cybersecurity services protect and optimize the lifecycle of equipment.
We combine software with expertise in data analytics and extensive digital solutions experience to create a digital roadmap for your solutions – and your success.
We develop a digital roadmap together to make your company more competitive.
Reducing OPEX through condition monitoring on a North Sea platform.
In fact, Aker BP's bold publically stated objective is to drive production costs to US$7 per barrel. On the Ivar Aasen Field Development project Siemens worked closely with Aker BP to implement condition monitoring—a data-driven approach to optimizing equipment maintenance schedules, and ultimately, to reducing costs.
Instead of monitoring critical equipment from a North Sea platform, Aker BP personnel monitor it from an onshore control room in Trondheim, Norway, 1,000 km away. A unique process known as time-stamping, as opposed to the more conventional sampling, enhances the accuracy of the acquired machine data, better positioning crews to predict and preempt any maintenance issues.
The net result? Fewer personnel working on the remote platform for extended periods, not to mention traveling to and from the jobsite via helicopter, and a significant OPEX savings.
A case study shows how advanced condition-monitoring technologies - plus analytical expertise - can optimize maintenance of mission-critical equipment in offshore environments, while lowering costs and improving safety.
As the world’s oil and gas industry strives to expand margins by reducing production costs wherever possible, advanced capabilities enabled by the integration and digitalization of upstream operations can help in substantial ways. One prime example is remote condition monitoring of well-site equipment, especially offshore.
Aker BP deployed remote condition monitoring on its offshore platform, built to develop Ivar Aasen field in the Norwegian North Sea, in an effort to reduce opex costs, increase regularity and improve operations safety.
Optimizing oil and gas pipeline performance
According to the US Department of Energy, pumping systems account for almost 20 percent of the world’s energy consumed by electric motors and approximately 25 to 50 percent of the total electric energy usage in certain industrial facilities. Among other applications, pumps move crude oil through vast pipeline networks, which in turn play an indispensable role in transporting hydrocarbons to key markets. Siemens is developing a solution that leverages data analytics to optimize the performance of pump stations for crude oil and other pipeline.
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Read more about key projects.
Reduced travel to shipyard and FPSO through Field Operators Familiarization training, using a 3D digital twin of the vessel
Enhanced safety and operational efficiency
Allowed for faster time to first oil and gas
Enhanced maintenance efficiency of critical equipment (drives) through drive train analytics
Reduced direct costs associated with maintenance and downtime
Increased availability due to reduction in downtime
Reduced cost / risk of onshore power source for offshore platform, through power grid simulation and analysis
Helped ensure compliance with onshore and offshore grid requirements
Increased availability compared to traditional on-platform gas turbine solutions
Dramatically reduced engineering hours to enhance profitability and accelerate time to market
Reduced costs by approximately US$ 20 million
Product documentation meets requirements of international regulatory agencies
Facilitated maintenance oversight of US$ 250 million in industrial assets stored in six warehouses across the U.S. through a cloud-based, mobile solution
Provided real-time, geo-based status of more than 1,000 individual, highly sophisticated components, a life cycle management task impossible to achieve with manual methods
Saved more than US$3 million in costs
Learn more about our comprehensive software portfolio for the oil and gas industry.