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Digitalization maintaining these networks , making it less reliant on a small group of experts .
Leveraging digital twins
Rigorous process simulation-based digital twins provide accurate insights into a wide range of process parameters , often in real time , which typically cannot be directly measured in an operating facility . More importantly , these insights are displayed in intuitive , easily readable , and accessible user interfaces and dashboards , allowing stakeholders across the enterprise to make informed decisions that reduce risk , while improving the efficiency and agility of their operations to increase profitability and advance sustainability efforts .
Integration is key
Leveraging subsurface engineering solutions helps operators to identify opportunities for production enhancement and minimize the risk of additional exploration and production . A fieldwide simulation model , capturing the producing field ’ s intricacies , can result in a ten to 15 percent reduction in CO 2 emissions and energy consumption , contributing to sustainability goals while boosting operational efficiency .
A fully integrated model that harmonizes reservoir engineering objectives with production , gathering , and processing operations can help deliver extra productivity and profitability gains . Such integration , grounded in advanced data analytics and AI , can support an additional five to ten percent increase in operational yield , unlocking untapped potential from existing assets .
The integration of advanced data analytics and artificial intelligence ( AI ) into geoscience and production optimization necessitates the use of individuals with expertise in data science and AI technologies . Organizations will have to hire or train professionals with these skills , contributing to the development of a more diversified skill set within the industry .
Looking to the future
In conclusion , the upstream oil and gas sector ’ s shift to digital technologies and data analytics is essential for addressing the skills gap , workforce shortages , and enhancing profitability . As the industry evolves , integrating these advanced technologies will be crucial for empowering the workforce and driving sustainable growth . ■
For a list of the sources used in this article , please contact the editor .
Dr
. Diana Shigapova www . aspentech . com
Dr . Diana Shigapova is Industry Sr Manager for Upstream , at Aspen Technology ( AspenTech ), a global software leader . AspenTech solutions address complex environments where it is critical to optimize the asset design , operation , and maintenance lifecycle . Through its unique combination of deep domain expertise and innovation , customers in asset-intensive industries can run their assets safer , greener , longer and faster to improve their operational excellence .
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