OILMAN Magazine

Lightning Strikes in the Permian

Field ticket automation is top of mind to all major operators and service providers. In this presentation, CEO and Co-founder, Rob Ratchinsky will discuss how field ticket automation is sweeping the oilpatch, providing high-impact ROI benefits. The presentation will include real life examples of success as well as the challenges that can surface on the way to a fully digital oilfield. It will deep dive into the entire process of digital ticketing from planning to implementation and how to measure success.

I will address what is important to look for during the digitization process of asset maintenance and asset integrity using digital twin and other technologies.

The presentation is a case study covering the use of AI in predicting drill bit failures to improve operations and reduce costs.

The IoT market is inherently heterogeneous, and the majority of the challenges are at the Edge (Edge computing essentially pushes applications, data and computing power (services) away from centralized points to the logical extremes of a network.) Learn about an approach to taming (1) Hundreds of protocols, (2) Mix of IP and non-IP connectivity, (3) Widely distributed computing nodes, often in unsecured areas, and (4) Need for real-time response, regardless of backend connectivity. Enter the EdgeX Foundry (“EdgeX” for short), which is a vendor-neutral open source project hosted by The Linux Foundation, and is a common open framework for IoT edge computing. The EdgeX framework enables developers to decouple their preferred Edges and Clouds as close to the physical world as possible, minimizing reinvention of key elements for data ingestion, security and management and benefitting from flexibility and choice (e.g. build vs. buy from the open ecosystem).

Increase production and lower operating expense via Machine learning.

Blockchain in Oil and Gas Industry Use Cases and Lessons Learned

What infrastructure is required for IoT devices and emerging computing technology? How can it be rolled out? How can the business case for such changes be made? Where can ROI be found from using IoT and emerging computing devices? All questions that any emerging technology or IoT project needs to review prior to implementation. This presentation provides some practical guidance to answer these questions and avoid the pitfalls that other projects have experienced when implementing advanced technology projects in the oilfield.

Using data visualization changed our media message and helped us predict trends and target areas for production.

As one of the oldest industries in our recorded history, the maritime sector is ripe for disruption by emerging digital technologies that will permanently alter the workflows and workforce of our future. Principal amongst these trending innovations are artificial intelligence and data science which each, on their own, are significant but it’s their collective impact that will have the most sweeping changes that we must prepare for.

Hydrocarbon Measurement Ledger, a blockchain application on GuildOne’s Energy Block Exchange (EBX) blockchain business network platform, allows contractual parties to measure and track hydrocarbon volume on a shared, immutable ledger throughout the value chain. It records the volume and ownership at each custody transfer point, executing value exchange immediately upon custody transfer. This proof-of-concept (PoC) project will demonstrate the ledger in a real-world Directive 17 measurement application, proving the capabilities of blockchain to reduce data- and contract-driven disputes, G&A costs, transaction costs and transaction times, thereby significantly increasing transactional efficiencies. While blockchain PoCs have been conducted for other O&G use cases, this is the first known PoC for tracking hydrocarbons along the value chain using blockchain.

Oilman Connect is an oil and gas industry virtual event.