FLORENCE, Italy – GE Oil & Gas has announced two industry collaborations, working with BP to develop a pilot program and partnering with Paradigm. GE Oil & Gas has also created a new business, Oil & Gas Digital Solutions, to further focus on developing digital capabilities for oil and gas.
Program with BP
GE and BP are developing and piloting a new digital solution for unplanned downtime in BP's offshore operations in the Gulf of Mexico. It aims to increase facility reliability by looking holistically at the process level. GE said that the solution will introduce new process surveillance and predictive analytic tools to provide early warnings of potential facility issues.
This solution will provide analytical insights at enterprise scale through knowledge sharing on demand. Now process engineers can eliminate disruptions by being proactive and analyze problems more efficiently, based on having underlying insights available when needed to advise the offshore team and take action.
Using the company’s asset performance management software and Predix, the solution is scalable enterprise wide and can be deployed rapidly and globally at low cost.
Partnership with Paradigm
GE Oil & Gas and Paradigm have partnered to deliver reservoir driven production optimization (RDPO) as part of GE’s digital suite for oil and gas. RDPO, powered by Predix, is an upstream solution for optimizing field level production by integrating Paradigm’s subsurface knowledge with GE’s production intelligence.
Improving problem detection and treatment design alone can reduce operational costs by 10-25% through fewer interventions and more efficient resource utilization, GE Oil & Gas said. RDPO aims to provide a clearer understanding of the reservoir geology, permanent monitoring of wells, and predictive analytics.
With growing instrumentation throughout the oilfield, operators have access real-time production data such as pressures and flow rates. The solution enables production engineers to make use of all that data, conduct nodal analyses, and evaluate diagnostics via links to a 3D model of the subsurface. The result is a better understanding of the impact of production interventions before taking costly and potentially adverse actions.
Paradigm CEO Arshad Matin said: “Today, production engineers often rely on single well analysis to make production decisions that have field-wide impact. Partnering with GE, we can now provide a unified view of both production and reservoir data for optimal decision making.”
Through this collaboration, the companies said they can help operators exceed production targets and manage operational costs by selecting infill drilling locations, improving well intervention strategies, and optimizing and predicting flood behavior.
Matthias Heilmann was appointed head of the new Oil & Gas Digital Solutions business and chief digital officer. He will oversee the development of digital capabilities powered by Predix, driving asset and operations optimization for the oil and gas industry.