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The Future Lies in the Past: Embracing Mature Fields for Tomorrow’s Energy

A 2011 study by IHS Cambridge Energy Research Associates reported that approximately two-thirds of global daily average oil production comes from mature fields and that the percentage is increasing over time. Indeed, it’s evident that mature fields have become a fundamental piece of the petroleum exploration sector, but what exactly are mature fields? According to Parshall (2012), mature fields are defined by years of production and aging infrastructure. For a field to be considered mature, it had to produce more than 50% of its established proved plus probable resource estimates or have produced for more than 25 years. In this [...]

May 22nd, 2024|Asset Integrity Management, Offshore, Oil and Gas|

Exploring the Depths: Understanding Offshore Oil Drilling

Until 1894, we didn’t know extracting crude oil from subsea environments was possible. This changed when the lure of offshore production enticed Henry L. Williams and his associates to build a pier 90 meters out into the Pacific — and assemble a standard cable-tool rig on it. Since then, oil extraction has evolved in unprecedented ways. In recent years, new technologies have emerged as powerful tools for addressing the inherent challenges of exploring previously unreachable resources. Indeed, subsea drilling still represents a complex operation that requires advanced techniques and skilled teams to achieve optimal efficiency and safety. And, despite the [...]

May 8th, 2024|Asset Integrity Management, Offshore, Oil and Gas|

Vidya showcases AI Innovations for Offshore Energy at OTC 2024

Vidya Technology is attending the Offshore Technology Conference 2024 in Houston, TX. You can find Vidya at the halls of this year’s OTC in Brazil Pavillion at booth 624. The conference will take place between May 6-9 at the NGR Park in Houston, Texas. Beyond that, the event will reunite global industry leaders to share ideas and innovations and discuss the offshore energy sector's most pressing challenges. OTC 2024 will connect 31,000+ offshore energy professionals from more than 100 countries to collaborate and discuss the latest developments needed to accelerate the global energy mix. Whether it's oil and gas, solar, [...]

April 17th, 2024|Offshore, Vidya News|

The challenges for the future of Oil and Gas sector

Undoubtedly, the impacts generated by the covid-19 pandemic on American oil and gas production will be witnessed for a few more years. Despite the sector's recent slight recovery, the problem appears to be far from over.   To understand a little more about what made this drop in production so impactful, you can access this content where we detail more about it. Click and read!      There are many variables behind the drop in US oil consumption and production. Basically, there is a cost behind all production, which can be more or less expensive depending on how the [...]

August 17th, 2021|Digital Transformation, Offshore|

That’s why Oil and Gas production dropped

It was in the year of 2020 that the oil and gas industries suffered a major crisis in their production due to the covid-19 pandemic. Although the problem becomes more evident with the pandemic, it goes back much further.   Why is the oil industry at the mercy of its production?   The problem is a little more complex than one thinks when we analyze oil extraction around the world. Basically, there are 2 most common types of production, they are: Onshore and Offshore.   Onshore operations are less risky and require a lower investment cost due to their easier [...]

August 9th, 2021|Digital Transformation, Offshore|

The recovery in American Oil and Gas production

With the covid-19 pandemic at the beginning of 2020, the oil and gas industries suffered impacts on their production and are now looking for its recovery. The pandemic changed our routine, our lives, and forced us to quickly adapt to a new work model. The need for social isolation was also one of the measures taken to safeguard the health of people around the world. As the disease spread across the world, economic structures began to encounter new behaviors. For the American oil and gas sector, this change was responsible for one of the biggest drops in oil consumption in [...]

August 4th, 2021|Digital Transformation, Offshore|

Vidya Software: the ideal solution for the Oil and Gas Industry

The oil and gas industries still live with the process of implementing the ascending technologies of digital transformation within their processes. These are industries with a high degree of complexity inserted in markets that are under constant pressure about ensuring the safety of their operations and strict regulations on the preservation of the environment. These are some of the main challenges that Oil and Gas industries have on their journey towards profitability and adding value within their production chains. For these obstacles to be overcome, techniques are needed to maximize the optimization of processes and operations, seeking to reduce costs [...]

August 13th, 2020|Offshore|

New alternatives for the Asset Integrity Management in Offshores

Introduction   Asset integrity management (AIM) is the process of ensuring that assets are maintained in a safe and reliable condition throughout their life cycle. This is especially important for offshore facilities, which are subject to unique harsh environmental conditions and complex operating environments. The traditional way of ensuring integrity is based on paper and visual inspections. Taking into account that technology is becoming more present within Oil and Gas operations, the application of state-of-the-art technology is fundamental to enhance the overall process of asset integrity management. How its currently done The current process of AIM is largely manual and [...]

August 12th, 2020|Offshore|

New technologies are increasing the productivity in Offshore.

Several industrial sectors have invested in new technologies to reduce time and cost in industrial activities. Likewise the various tools that have been utilized for improving productivity in industrial plants. The digitalization of the documents and data analysis in digital platforms deserve special attention. With software that can be operated remotely, the asset management has become a more integrated task. With tools that help the planning of inspection and maintenance activities. According to execution plans made previously. In that way, this optimization in performance reduces the number of people involved in field tasks. And increases the productivity of those who [...]

August 12th, 2020|Asset Integrity Management, Offshore|

The complex routine of Offshore: Technology as our great ally 

Offshores can have a complex routine, so managers and engineers are increasingly adopting the Digital Twin to integrate the firsts phases of the Project Life-cycle Management (PLM) - design and engineering - with the Operation and Maintenance phase (O&M). As a result, they’re building efficiency by sharing data and taking advantage of the technology, which can be used to reduce time and budget of inspection and maintenance activities. An industrial plant have thousands of assets. Therefore, the inspection and maintenance management of all of them can be a masterful job. However, with the connectivity provided by digital technologies, such [...]

August 12th, 2020|Offshore|
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