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Digital oilfield



Is data the answer to a billion dollar question?

Downtime caused by critical system failures continues to be a key challenge for the oil and gas industry, estimated to cost the UKCS more than US$1 billion a year in lost production.

 

More Digital oilfield news

Statoil: joint offshore digitalisation

An integrated operations support centre and a drilling operations centre will help reach Statoil’s ambition of increasing value creation from operated fields in Norway by more than US$2 billion from 2020 to 2025 before tax.

GE and Noble link up the world’s first Digital Rig

Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.