Emerson

8000 Norman Center Drive
Suite 1200
Minneapolis,  MN  55437

United States
952-828-3611
512-834-7600
http://www2.emersonprocess.com/en-US/Pages/Home.aspx
  • Booth: 2261

Emerson is a leader in helping oil & gas companies find the right automation strategy, integrated solutions, and fit-for-purpose technologies that help them to achieve and sustain operational excellence. Our team of experts can share strategies to help you meet production targets, reduce costs, and minimize HSE risk.


 Press Releases

  • MEDIA CONTACT:

    Grace Capwell, Global Public Relations Manager, Emerson

    (512) 840-8209 or Grace.Capwell@Emerson.com

    Emerson Study Reveals $7 Billion Profit Potential
    for Unconventional Oil and Gas Operators That Reach Top Quartile

    Emerson leverages its expertise and technologies to help companies improve earnings as much as 10 percent

    HOUSTON (April 30, 2018) – By adopting advanced automation technologies and new processes, unconventional oil and gas operators can move from average to top-quartile performance, capturing up to $7 billion in profits annually, according to a recent study* conducted by Emerson and industry benchmarking firms of onshore producers in the lower 48.

    In a “lower-for-longer” oil price environment, many companies are turning to Industrial Internet of Things (IIoT) technologies and the promise of digital transformation to help embed expertise in work processes, improve production and begin the path to operational excellence. Emerson’s Operational Certainty™ program helps oil and gas operators confidently deploy a digital transformation strategy in a targeted, scalable and measurable manner. Emerson estimates an average operator that adopts a comprehensive improvement program could see profitability improve by as much as 10 percent.

    The analysis shows higher production rates, lower lease operating expenses (LOE) and a reduction in safety risks have the greatest impact on overall operational improvements. Improvement in these areas matters most to liquids-weighted unconventional oil and gas operators and helps them achieve top quartile performance. Top Quartile is defined as achieving operations and capital performance in the top 25 percent of peer companies and requires changing historic work processes across multiple functions.

    For unconventional oil and gas operators, Emerson identified key technologies to quickly improve operations in a scalable way:

    • Optimizing production with automated production surveillance, modelling and analytics and implementing produced fluids management techniques to reduce lost and unaccounted-for production
    • Improving equipment reliability by leveraging analytics and automation diagnostics to lower LOE, providing greater visibility of costs per well
    • Using prescriptive instead of reactive maintenance to improve health, safety, security and environmental compliance (HSSE) and reduce personnel exposure

    By harnessing the power of the IIoT and other transformation technologies, advanced automation systems can optimize operations with real-time information from a pervasive sensing layer and securely feed that data to robust standard analytics applications. With this data, experts – anywhere in the world – have better insight to respond quickly and confidently to changing conditions. This provides oil and gas operators the diagnostic capabilities and data insights to predict instead of react to issues, make better decisions and reduce risks.

    “There’s broad knowledge among operators about improving production, yet understanding how to consistently achieve real, sustainable savings is not as clear,” said Chris Amstutz, vice president, oil and gas industry programs, Emerson Automation Solutions. “For example, we have the software now to help production meet targets by leveraging the latest reservoir model data that shows what’s going on in the field to avoid drilling the wrong wells.”

    The digital transformation of exploration and production means higher production rates, lower LOE and reduced safety risks, among other benefits. Emerson’s Operational Certainty Consulting Group advises operators to start their digital transformation by developing a practical blueprint that leads to higher production with more actionable and timely insight into the performance of the field, minimizing HSSE risk by enabling the workforce with remote field intelligence, and reducing LOE by optimizing work processes and logistics.

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    *Source:  Emerson study consists of data and analysis compiled from publicly available industry benchmarking, financial and operational data supplied by industry producers.

    About Emerson

    Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Emerson Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Emerson Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information visit Emerson.com.

    Media: 
    • Inquiries: AutomationSolutionsPR@Emerson.com
    • Contacts: Emerson Automation Solutions Global Media Contacts 

    Additional resources:
     
    • Join the Emerson Exchange 365 Community
    • Connect with Emerson Automation Solutions via
       Twitter Facebook LinkedIn Google+ YouTube 

  • PRESS BACKGROUNDER

    MEDIA CONTACT: 
    Grace Capwell, Global Public Relations Manager, Emerson

    (512) 840-8209 or Grace.Capwell@Emerson.com

    Digital Transformation – a catalyst for enhanced productivity and performance in a growth market

    Capitalizing on Emerson’s digital automation, E&P software and analytics for enterprise-wide success across the reservoir lifecycle

    Coming off deep budget cuts in 2016 and dramatic portfolio realignment in 2017, the oil and gas industry is finally poised for profitability and growth.  To capitalize on the growth market, however, companies must mitigate prior years’ loss of expertise and asset investment and find new ways to drive productivity and heighten overall business performance. Digitalization is the catalyst that can make that happen.

    Operators recognize the value of digitalization to their business.  In a recent Accenture survey, fully two-thirds of upstream leaders agreed on its importance. The drawback was that they found it difficult to describe what digitalization means and how to measure its value or estimate its transformative impact. 

    Indeed, of those companies making digitalization efforts, far too many have succumbed to taking short cuts, merely developing IT programs or adding a digital process to existing ventures.  True digital transformation must be organization-wide, starting with a shift in mindset and the creation of new behaviors, values and decision drivers, combined with industrial platforms robust enough to capitalize on digital applications.

    The Emerson approach – Emerson is a global technology and engineering company serving the energy industry.  Emerson provides automation technologies, software and consulting services to help customers operate their facilities safely, reliably and profitably.

    Emerson has a clear goal across its business – to help operators increase efficiencies and achieve top quartile performance on investment and operational goals in new and established oil and gas reservoirs.  Top Quartile performance is defined as achieving operations and capital performance in the top 25 percent of peer companies. Digital transformation plays a major role in achieving that goal.

    Digital transformation at Emerson always starts with a clear definition of the business challenges at hand. Companywide efforts are underway to help customers focus more on targeted opportunities and implement digital transformation strategies in a scalable way, starting small and growing over time. This enables them to leverage existing infrastructure and prove benefits before making deep commitments.

    The other critical factor in digital transformation – seldom talked about – is people.  Successful digitalization requires organizational competencies in five key areas:

    • Automated workflows – automating repeatable tasks
    • Decision support – getting the right information to experts, onsite or remote
    • Mobility – making data freely but securely available wherever it’s needed
    • Change management – breaking through the cultural legacies that stymie innovation and organizational momentum
    • Workforce training – preparing current workers to transition to smart-collar workers who are digitally enabled

    To help customers drive digital transformation, Emerson has developed the broadest and deepest Industrial IoT (IIoT) platform in the industry. It is called the Plantweb™ digital ecosystem, and it includes a broad sensor network, cybersecurity tools, software consulting, and execution services that bring the technology to life.  Plantweb is helping operators quantify and capitalize on significant opportunities, including the following examples:

    • Maximizing recovery from reservoirs through improved modeling and better targeting for drilling
    • Improvements in overall equipment utilization to reduce operating costs

    Digital transformation in E&P software –The acquisition of Paradigm last year makes Emerson the largest independent provider of E&P software solutions and strengthens its focus on digital automation and analytics across the reservoir lifecycle. Prime examples include machine learning, being used in seismic and log interpretation to help operators extract hidden value from reservoir data; embedded expertise where software provides relevant contextual information to help make correct reservoir decisions, and forecasting and optimization where production success comes from adopting Bayesian or stochastic software approaches over earlier deterministic modeling methods.

    The combination of Roxar and Paradigm software, along with Emerson’s high precision digital measurement and automation solutions, provides operators with the intelligent information and tools they need to digitally integrate reservoir planning and management with topside operations.

    Today the Emerson E&P workflow covers seismic processing and imaging, seismic and geological interpretation, formation evaluation, reservoir characterization, modeling and well planning, reservoir engineering and simulation, well construction, drilling and geosteering, and production modeling. This provides operators with everything they need to make profitable investment and field decisions – processing and interpreting data and using this for optimal production decision-making.

    Take, for example, Roxar’s Big Loop™ workflow. Reservoir characterization and modeling must accurately represent the underlying seismic data. If not, uncertainties are neglected, leading to incomplete or misleading interpretations.  The Big Loop workflow tightly integrates static and dynamic domains and offers the propagation of uncertainties, from seismic characterization through to geological modeling and simulation. The resulting realistic models create a better understanding of the reservoir geometry, more robust reserves estimations and better-informed decisions for future field development scenarios – a real step-change in digital reservoir characterization.

    And Emerson’s Paradigm k software, when combined with its reservoir-driven Operational Certainty - a new digital operation model that joins well and equipment surveillance and predictive analytics with reservoir intelligence for production and completion optimization - enables Big Data-inclusive reservoir modeling. This cloud-based, collaborative workflow collects field data and updates the model to forecast performance in real time.  

    Emerson’s expanded services in both software and process automation provide oil and gas operators – through digital transformation – the intelligent information and tools they need to meet growth challenges, increase operational capabilities and drive top quartile performance.

    #  #  #

  • PRESS BACKGROUNDER 

    MEDIA CONTACT: 

    Grace Capwell, Global Public Relations Manager, Emerson

    (512) 840-8209 or Grace.Capwell@Emerson.com

    Emerson’s digital transformation experience offers a window into the future of unconventional oil & gas production

    Immersive exhibit gives OTC 2018 attendees an up-close look at the benefits of adopting next-generation automation solutions

    As advances in automation technology and the Industrial Internet of Things (IIoT) make it easier to eliminate inefficiencies and imbed expertise into work processes, oil and gas companies of all sizes are beginning to deploy digital transformation strategies aimed at boosting profitability. In today’s longer-for-lower market, managers are focused on building business cases for IIoT investments that generate real improvements with a maximum return-on-investment. What many of them lack, according to Emerson studies, is an understanding of how the technology can be applied, which approach is right for them, and how to measure the value.

    To help customers navigate the challenges and opportunities involved in adopting IIoT solutions, Emerson is presenting its Digital Transformation Experience in the OTC convention hall this week in booth #2261, Hall C, NRG Center during exhibit hours. A question and answer session will be held after each presentation with Emerson consultants. The exhibit is a unique, immersive demonstration offering an up-close look at what transformation technologies can do for a typical unconventional oil and gas operation. During the live, 10-minute presentation, personnel carry out real-world tasks both pre- and post-digital transformation to show the business impact that automation can bring to the bottom line.

    The purpose of the exhibit is to show how an operator can leverage IIoT innovations by starting with a defined business problem, applying the right technology, measuring the results, and making changes. For producers of liquid-weighted unconventional oil and gas, this might mean increasing profitability by gaining actionable insight into well production and equipment performance, minimizing HSE risk with remote field intelligence, and reducing lease operating expenses (LOE) by streamlining work processes and logistics. The Digital Transformation Experience lets attendees see how this process might play out in a real-world operation using a hypothetical unconventional oil and gas producer in west Texas as a fictional case study.

    The presentation begins with an actor playing the role of a production engineer sitting in his office debating his asset manager about how to meet their monthly production targets. They need, says the engineer, to pull together a forecast accurate enough to help them avoid drilling any more under-producing wells. He explains that the problem is that they don’t have access to the latest reservoir model data, and even if they did, it would be days or weeks behind what’s going on in the field. If they can’t apply learning from previous wells, they could drill six or seven bad wells in a row, which would surely result in missing their production targets.

    At this point the presentation “fast forwards” to show the same office after the company has implemented a Digital Transformation strategy utilizing IIoT-based automation solutions. To create the production forecast in this post-Digital Transformation scenario, the production engineer studies the dashboard on his desktop and sees that the cloud-based reservoir model software has flagged a handful of wells as producing below-level. He then compares flow predictions for each well against real-time performance data, which helps him and his team decide where to drill next and choose the right wells to prioritize for optimization.

    To illustrate how a similar approach could be applied to operations out in the field, the Digital Transformation Experience next introduces a field operator who, before the adoption of IIoT, would be required to drive around from pad to pad and manually check each well site looking for problems with mechanical equipment. If anything is missed, the operator says, it might not show up as a discrepancy between allocation and sales totals until the end of the month when it’s too late. Safety risks such as vehicle accidents would be a constant concern.

    The presentation then shows how the same job would look in a post-digital transformation scenario. At every shift, the entire team, including the field operator, automatically receives alerts with a list of exceptions based on real-time well performance and equipment health data. The production engineer can send alerts directly to an operator’s smart phone indicating which wells and what equipment needs attention. Instead of driving all day, crews can target their routes to cover the right wells reducing costs significantly and reducing the risk of accidents.

    The key to the solutions demonstrated in the Digital Transformation Experience exhibit is a flexible technology platform called the Plantwebdigital ecosystem, backed by Emerson’s deep domain expertise. Plantweb offers a comprehensive portfolio of IIoT hardware and software solutions that combine remote sensing, predictive analytics, and advanced diagnostics to help unconventional oil and gas companies make better production decisions.

    Plantweb’s automated production surveillance applications include integrated well testing, automated choke control, surface control management, well and lift optimization, and tank management tools. Production modeling analytics, including integrated reservoir modelling, give operators a continuously updated view of seismic data and well performance. Plantweb’s produced fluids management applications are designed to minimize manual measurement practices, which can prevent spills, reduce losses, and lower salt water disposal costs. To help users get the most out of their investments, Emerson also offers connected services that let personnel work directly with process control experts to interpret data and troubleshoot problems from anywhere in the field.

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