A new digital platform will give oil and gas firms instant access to 150+ global experts and speed up their ability to improve performance; potentially adding millions of dollars to their bottom line every year.
The ABB AbilityTM Process Performance Dashboard connects oil and gas firms with ABB’s vast pool of operations experts and advanced data analysis technology.
It enables operators to use the ever-increasing amount of data they are generating to rapidly identify and fix performance weaknesses. The cloud-based service measures the performance of oil & gas facilities against various carefully designed indicators, including start-up time and operator interventions.
This data is then analyzed by the 150-strong team of experts at the ABB Ability Collaborative Operations Centre; a recently expanded facility in Oslo, Norway, which provides insights on performance in the oil, gas and chemicals sectors.
Results are fed back via the dashboard, quickly exposing areas of improvement and highlighting services that could address them.
In an environment where previous years’ of low oil prices have embedded an industry culture of thrift, the dashboard’s launch comes as operators continue to look to improve efficiencies, cash flow and the performance of existing assets.
ABB data shows that a well-managed approach to process performance improvement can boost production by around five per cent. On a 50,000-barrel-a-day platform (at US$50 per barrel), this amounts to approximately US$35m in additional annual income.
Brandon Spencer, vice-president of Oil, Gas & Chemicals for ABB in North America explains the real benefit to customers: “Squeezing the maximum value out of every dollar spent is vital for operators in the current climate. Continual performance improvement can have a huge impact on the bottom line and enables firms to thrive in challenging conditions.
“Through access to world class expertise and the latest digital and data-driven innovations, the new dashboard accelerates the rate of this ongoing improvement. It is also entirely scalable, meaning companies can respond quickly to new challenges and opportunities as they arise.”
Digital collaboration - a rising trend in the oil and gas sector – underpins ABB’s new offering. Tighter margins and the pressure to adjust to digitalization have seen companies working more closely together in recent years; sharing both the burden of costs and the benefits of new insights.
Services provided via the dashboard support collaboration between the ABB Collaborative Operations Centre, the customers’ various assets and their operational headquarters.
The ABB AbilityTM Process Performance Dashboard is available now, having been extensively trialed, including by a large oil and gas firm in the North Sea. The company was able to break the world class uptime of 95 per cent across its facilities, on the back of the dashboard and its associated services.
The dashboard will be officially launched at the 2018 Offshore Technology Conference in Houston, Texas, which runs from 30 April to 3 May. ABB will be represented at Stand #3514.
ABB Ltd. (SIX Swiss Ex: ABBN) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 135,000 employees. www.abb.com