Business value from intelligent fields

van den Berg, Frans, Perrons, Robert K., Moore, Ian, & Schut, Gert (2010) Business value from intelligent fields. In Society of Petroleum Engineers (SPE) Intelligent Energy Conference and Exhibition, 23 - 25 March 2010, Utrecht, The Netherlands.

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Abstract

The Smart Fields programme has been active in Shell over the last decade and has given large benefits. In order to understand the value and to underpin strategies for the future implementation programme, a study was carried out to quantify the benefits to date. This focused on actually achieved value, through increased production or lower costs. This provided an estimate of the total value achieved to date. Future benefits such as increased reserves or continued production gain were recorded separately.

The paper describes the process followed in the benefits quantification. It identifies the key solutions and technologies and describes the mechanism used to understand the relation between solutions and value. Examples have been given of value from various assets around the world, in both existing fields and in green fields. Finally, the study provided the methodology for tracking of value. This helps Shell to estimate and track the benefits of the Smart Fields programme at company scale.

Impact and interest:

3 citations in Scopus
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ID Code: 65987
Item Type: Conference Paper
Refereed: No
Keywords: Business Value, Intelligent Fields, Oil Fields
DOI: 10.2118/128245-MS
ISBN: 978155563284
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Organisational Planning and Management (150312)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2010 Society of Petroleum Engineers
Deposited On: 15 Jan 2014 23:37
Last Modified: 15 Jan 2014 23:37

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