In the recent times, the oil and gas (O&G) industry has faced more than 50 percent drop in their business revenues due to continuously dwindling oil prices. However, to boost operational efficiency and meet the increasing demand for continual production and supply, O&G enterprises are quickly adapting automated workflows to enhance visibility and collaboration across upstream, midstream, and downstream segments. This real-time process automation methodology generates more than a terabyte of raw data by a single field per day. To gain meaningful insights from these operational data, organizations require a centralized system connecting all the assets that are on field and at remote locations. “Rapid access to process information fundamentally transforms the way businesses operate, improving their productivity and asset performance,” states Patrick Kennedy, Founder and CEO, OSIsoft.
OSIsoft, based in San Leandro, CA, empowers O&G leaders with intelligent data management architecture—PI System that allows them to seamlessly monitor, access, and analyze Big Data in real-time to drive operational intelligence. “Our PI System enables O&G companies with reliable assets, streamlined compliance, and optimized human capital, enhancing profitability and operational excellence,” states Kennedy.
The highly scalable PI System automatically collects, analyzes, visualizes, and shares vast amounts of high-frequency and time-series data from multiple sources to connected teams and systems across all operations. It transforms attributed data into actionable insights and presents it in intuitive reporting format, supporting O&G leaders to take proactive decisions.
The PI System’s web-based open architecture allows O&G organizations to manage assets located at remote locations from any connected devices such as smartphones, tablets, or laptops. “PI System’s responsive and fully integrated information design delivers one version of the truth to all the users and facilitates incisive and decision-ready knowledge on the spot,” asserts Kennedy.
Our PI System enables O&G companies with reliable assets, streamlined compliance, and optimized human capital, enhancing profitability and operational excellence
In addition to the cost and investment concerns, O&G operators also need to face the complexities regarding compliance to the national and international rules and regulations. PI System’s ability to calculate and report key environmental data empowers O&G companies to predict and prevent critical problems and cost-effectively comply with local, state, federal, and international regulations.
With its best-in-class data infrastructure and service networks, OSIsoft helps premium O&G organizations across the world to navigate a labyrinth of competitive, operational, environmental, and regulatory demands. As the diverse and fast-growing upstream arm of Malaysia's state-owned O&G company, Petronas Carigali had an urgent need to integrate information and gain visibility from its 190 offshore platforms yielding more than 2 million barrels a day. Petronas was finding difficulties in managing siloed data across multiple systems on the offshore platforms, resulting in lack of performance visibility for operators. “To analyze data, engineers had to fly to the platforms and download the information to USBs for later analysis at regional offices and slow troubleshooting, analysis and reporting reduced productivity and cost the company significant money,” exclaims Kennedy. OSIsoft installed local PI Servers on the client’s offshore platforms, giving operators real-time visibility into platform operations. The troubleshooting time-period for operators and on-shore engineers significantly reduced and allowed them to take collaborative data-driven decisions. “Monitoring operations in real-time with the PI System prevented five unplanned shutdowns at one offshore platform,” remarks Kennedy.
OSIsoft further focuses to develop comprehensive and innovative solutions to enable O&G organizations achieve continuous operational excellence and ongoing sustainability in any competitive environment. “Real-time information is the currency of the new decade and companies that can monetize their real time information the most effectively, will be the ones who will sustain and survive,” concludes Kennedy.