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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|

How to leverage the full potential of AI Predictive Maintenance

Industrial maintenance is a crucial but challenging aspect of large-scale process industries. Traditional maintenance methods result in expensive, risky, time-consuming, and often inefficient activities. This has led to a growing implementation of digital technologies to optimize maintenance, which made clear the opportunities that these optimized processes offered, like foreseeing anomalies with predictive maintenance for example. However, successfully implementing this maintenance approach requires the integration of different cutting-edge technologies. Despite the complexity surrounding the adoption of predictive maintenance, we need to understand its leveraged opportunities in industrial environments.   Why industrial maintenance requires predictive care   Industrial maintenance can be a [...]

April 10th, 2024|Artificial Intelligence, iot, Oil and Gas|

AI-driven Hull Inspections: Streamlining Safety and Efficiency

Vessels are crucial parts of different industrial operations. Considering this, the ship's main body: the hull, must be regularly inspected to ensure high asset integrity, safety, and efficiency standards. Hull damages such as cracks can lead to oil leaks, which can implicate direct emergency costs that surpass USD 50,000,000, which is 100x more expensive than the investment to repair the defects on time (before the accident) not including compensations, fines, and asset depreciation. In this regard, hull inspections are a maintenance procedure that helps energy companies and bulk cargo transporters maintain high safety, compliance, and efficiency standards. However, inspecting offshore [...]

January 31st, 2024|Asset Integrity Management, Mining, Oil and Gas|

Making the most of POB on offshore assets

As a risky environment, Oil and Gas offshore operations claim meticulous interventions from the People on Board (POB). The term is used to track and manage the workforce and ensure safety, resource allocation, and overall operational efficiency. In this sense, managing People on Board (POB) it’s a crucial and inherent challenge to the oil and gas industry. Oil and gas facilities may present risks such as explosions, health hazards, and oil leaks. Besides that, unplanned events happen, which requires workers to solve the occurrence. This harms the planning of the POB previously done and increases the downtime of the asset, [...]

December 6th, 2023|Corrosion, Industry 4.0, Oil and Gas|

Smart Hulls, Safe Seas: How to keep O&G facilities efficient

Introduction:   Tank and hull inspections are critical for ensuring the safe and efficient operation of oil and gas floating production and storage facilities and tanker ships. The challenges of maintaining hull integrity are numerous, including corrosion, fatigue, and structural damage. In this article, we will explore the challenges of hull integrity management, as well as emerging technologies and approaches that may help address the challenges faced by this industry.     Challenges of Hull Integrity Management   Managing hull integrity presents a multitude of challenges, particularly when dealing with offshore and remote locations. External and internal care of [...]

November 16th, 2023|Oil and Gas|

What is the difference between AIM and APM?

Asset Integrity Management (AIM) and Asset Performance Management (APM) are concepts that often get confused. Indeed, both focus on enhancing maintenance plans while reducing costs. However, it is necessary to understand which problems they specifically address to visualize the scope of their benefits. In this context, let’s learn about the main differences between these two vital concepts for heavy asset industries.   The role of AIM   As the name suggests, Asset Integrity Management focuses on the physical integrity of the asset, its purpose is to improve operational safety and maintenance planning. This strategy provides necessary outputs to industries about [...]

Why predictive maintenance isn’t always an answer

Intro   Predictive maintenance has proven to be an effective methodology for enhancing the lifespan of valuable assets in the industrial sector, as it allows companies to predict when equipment is likely to fail or stop. This way, proactive measures can be taken to prevent downtime and reduce maintenance costs.     Besides that, a November 2021 report from IoT Analytics estimated that the $6.9 billion predictive maintenance market would reach $28.2 billion by 2026. This showcases the immense potential this technology has, allowing companies to optimize their outcomes while reducing downtime. However, if this technology isn’t adequately implemented, [...]

What Digital Solutions are being a game-changer to industries

Intro   In today’s rapidly evolving world, digital solutions are reshaping industrial standards for efficiency, safety and innovation. They’ve become a game-changer for facilitating multiple industrial and business related tasks such as process automation, anomaly detection, scenario visualization and decision making. This transformation is not merely a trend but a fundamental change that is rebuilding the landscape of industries worldwide.   "Digital transformation is not about technology; it's about solving problems. It's about using technology to make our lives better." - Eric Schmidt, former CEO of Google   And, on the edge of Industry 4.0, Digital Solutions are [...]

October 18th, 2023|Digital Transformation, Industry 4.0|

AI Applications in Safety and Risk Management for Oil and Gas

Intro   Hazardous environments are inherent to Oil and Gas operations, especially in offshore locations. Their dangerous conditions have constantly put workers and the environment at risk. Besides that, productivity is also threatened by the asset core activities, mainly affected by corrosion-generating processes. This worrying scenario requires an optimized method of risk management. In this sense, AI plays a pivotal role in mitigating risk management concerns, and enhancing maintenance control by constantly monitoring the asset’s health. Despite that, there still are several nuances that contemplate the complexity of risk management in each operation. For this reason, let's delve into the [...]

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