The right stuff: How advances in material science are transforming efficiencies and making new well designs possible.
Today, breakthroughs in materials science are changing how we think about well completions and, potentially, well designs. This session showcased recent breakthroughs in nanotechnology and the development of an ultra-strong, lightweight alloy that are both driving step-change performance in unconventional completions. The group examined how a new shape-memory polymer is driving similar efficiencies in offshore completions and how it could support well designs that are unthinkable today.
A radically new approach for Subsea Projects: Combining planning, risk management and innovative commercial models to reduce the economic development point of your subsea project. This is Subsea Connect.
Our outcome-based approach driving Subsea Connect has everything to do with flexibility and commercial innovation. The foundation of ‘Project Connect’ focuses on flexible project assessments that go beyond early engagement while reducing interfaces. When combined with our Dynamic Partnership & Commercial Models, that leverage on our flexibility to partner and execute for customers, we believe we can reduce the economic development point of a subsea project by an average of 30%. Participants were able to learn more about two of the four pillars that define the Subsea Connect value proposition.
Latest industry advancements in Methane Leak Detection and Monitoring.
The oil and gas industry accounts for about a quarter of all global methane emissions. Driving close collaboration between industry and technologists can accelerate enhanced lower cost solutions to accurately detect and quantify methane emissions. In this session, participants were able to learn more about how the Environmental Defense Fund (EDF) views the challenges of detecting and quantifying methane leaks of various sizes and how BHGE's latest technology can help the oil & gas industry find and manage emissions in a faster, more efficient way.
Integrated turbomachinery and process technology solutions to drive results in upstream project optimization.
Recent market trends highlight how upstream operators are focusing on reducing operational costs and footprint weight by shifting from heavy duty gas turbine drivers to lighter, power dense and efficient aeroderivative equipment, and to electric motor driven turbocompression. This session focused on how BHGE can help enhance the efficiency of on and offshore facilities, increase production and increase end user profitability with our offerings - including generators and drivers, compressors, pumps, modular solutions and related services. We also explored how enhanced maintenance approach enabled by digital evolution is accelerating total plant optimization.
Enhanced Recovery: An Unconventional Approach to Tight Oil EOR.
Primary depletion using horizontal wells with multistage fracturing only produces a low percentage of the available oil in shale reservoirs. The question on how to improve the recovery factor in unconventional shale reservoirs and produce more of the remaining oil was the focus in this session. Optimizing recovery factor, and offsetting rapid decline rates, is intuitively important in a low oil price environments. Costly drilling, fracturing and completion have to be optimized and the drive for efficient use of capital resources is paramount and imperative to maintain the competitive development costs of unconventional resources.
Gas injection is well known to be a highly feasible enhanced oil recovery method. Cyclic gas injection (huff-n-puff) to improve oil recovery in shale oil reservoirs uses a multi pronged approach to optimize recovery. Initially a simulation phase shows that cyclic gas injection has the highest potential to enhance oil recovery (EOR) in shale oil reservoirs. Subsequent optimization and control of huff-n-puff is also critically important.
This session expanded on innovative solutions that aim to optimize traditional huff-n-puff gas injection operations and provide solutions that support the optimization of core project components from site selection to post analysis. The principle objective of this session was highlighting key resolutions aimed at enhancing ultimate recovery for North American shale oil reservoirs.
Best-in-class Technologies and Solutions to drive Midstream performance and safety.
The midstream industry is a key area in the global oil and gas industry, delivering crucial supplies from producing regions and increasing demand across developing and under-developed markets. Historically driven by the transportation of crude and refined products, the industry is benefitting from the increasingly important role of gas as fuel as markets transition toward a lower carbon era. Investment in new and existing pipelines continues to grow, along with new planned pipeline infrastructure and Underground Gas Storage facilities development. Operators and developers continue to face challenges around issues such as local community acceptance, need for increasing operational flexibility, and pressures on transportation costs. BHGE provides solutions through novel technology and best-in-class products and services that allow overcoming these challenges, in order to increase performance, uptime and safety, while minimizing lifecycle costs.
Improving Reliability with the Industrial IoT.
Data insights can predict and prevent nonproductive time for oil and gas operators leveraging asset performance management technologies. Improving operational efficiency by 1-3% can result in millions saved, but what does this look like in practice? This session featured third party analysts together with leading oil and gas operators and technologists discussing their use of advanced analytics technologies to improve asset reliability, process optimization, and corrosion management across the oil and gas value chain. BHGE technologies discussed included Asset Performance Management (APM), predictive corrosion management, and System1.
Getting under the surface: Combining in-bit and surface data with well modeling to re-imagine drilling optimization.
In recent years, it has become clear that analyzing surface data alone will never achieve the level of drilling optimization our customers are seeking. However, recent advancements in electronics have allowed us to reliably capture detailed downhole measurements--both at the bit and in the drill string. In this session, we explored how these downhole data are being correlated with surface data to close the loop in analytics and deliver updatable models and present some of the preliminary finding from recent field trials of this new approach.
Delivering uptime and enhanced productivity through your project’s life of field. How our digital solutions, combined with our innovative TOTEX-lite subsea systems can cut your total cost of ownership in half. This is Subsea Connect.
BHGE is rethinking the future of subsea developments. We are simplifying the complex with a completely new approach designed to improve productivity and lower TOTEX over the life of your project. This is Subsea Connect. When combining our next-generation digital capabilities, like our engageSubsea asset management lifecycle solution, with Aptara our TOTEX-lite subsea system, we are able to cut total cost of ownership by up to 50%. During this session, the audience discovered two of the four innovative pillars driving Subsea Connect.
Bridging the gas supply and demand equation – reducing Underground Gas Storage TOTEX by linking the compression solution to the reservoir.
Underground Gas storage remains a vital segment of the Gas Value Chain, bridging supply and demand, with forecasted investments between $20 to $30B in the next 5 years. As the demand for Underground Gas Storage shifts to new geographies driven by gas as the transition fuel into the next decades low carbon production ecosystem, Operators and Developers are facing new challenges and opportunities to reduce TOTEX and optimize return from storage facilities. BHGE’s approach focuses on its portfolio breadth, enabled by Digital Optimization with integrated workflows that start at the heart of the reservoir, all aimed at improving working capacity through subsurface understanding. An outcome based approach to deliver substantial improvement on key Underground Gas Storage value drivers: such as Safety, Uptime, Operational Range Flexibility, Total Cost reduction and time to first gas injection. By linking gas compression solutions to reservoir performance, ROI can be optimized. In this session, participants learnt more about BHGE's approach to reducing TOTEX using its integrated portfolio of products and services to support productivity and safety in this space, from subsurface pre-screening, storage integrity monitoring, surface compression solutions to full project execution.
The future of LNG: targeting zero emissions and reduced Total Cost of Ownership.
Natural gas will play a key role in the future energy mix, and LNG is becoming one of the critical applications to deliver this resource. Driving this future state requires new technical solutions and collaboration models to lower emissions and reduce total cost of ownership. This session provided participants an overview of the contemporary LNG market and how technology can cope with the inherent challenges and meet future demand . Modularization, efficient drivers, smart usage of digital solutions and new commercial and contractual service partnerships will be covered.
The Refinery and Petrochemical market of the future: delivering superior technology and solutions.
Petrochemicals continue to be a growth area with refined products facing a more stagnant future. Both face increasing cost and margin challenges. Operators must work to drive value from every drop of oil through refinery process optimization or integrated and efficient oil-to-chemical plants. There is also a need to respond to increasing public and environmental concerns, by developing concepts like biorefineries and bioplastic production. Participants in this session learnt how BHGE can support this industry in its entirety, providing superior technology to lead efficient growth and a sustainable use of economic and natural resources.
Artificial Intelligence to enhance operational efficiency in Oil & Gas.
Leading technologies like Artificial Intelligence, Machine Learning and Deep Learning are changing the way oil and gas businesses process and gather insights from large sets of data from across organizational silos. As more than 63 percent of operators are working on data management capabilities, AI has the potential to simply and quickly answer some of the industry’s toughest challenges. This session explored these technology trends, breaking down buzzwords into real use cases for AI to improve operational efficiency. Formatted as an interactive panel, BHGE experts shared the stage with technology as well as oil and gas thought leaders to discuss the impact of advanced compute on AI for industrial environments. BHGE technologies discussed included AI Factory and IntelliStream production optimization software.
A sustainable future: Enabling low carbon and renewable solutions with oil & gas technology
BHGE provided its market view on energy transition, offering the perspective of a technology manufacturer and highlighting the key role that technology can play in making a transition more cost-effective, seamless and impactful. Rotating equipment, designed and tested in oil & gas application, can help customer to recover energy, increase efficiency and reduce the carbon footprint. In this session BHGE and some if its partners shared case studies and real experiences of harnessing core oil and gas technologies in the low carbon and renewable space. This included solutions based on rotating equipment - like waste pressure recovery, waste heat recovery and Liquid Air Energy storage – or the usage of upstream capabilities in geothermal.
Pushing the envelope: How technology integration and remote management are redefining drilling efficiency, consistency, and performance.
The first well drilled in the Marcellus shale took 60 days to complete. This year, we finish drilling the vast majority of our customers long, horizontal in less than two weeks. In this talk, we examined how a holistic drilling approach and remote operations combined to drill more than 200 of these wells at speeds exceeding a mile a day and how one recent well saw 1.7 miles of footage drilled in a single, 24-hour period.
Don’t waste Energy: heat up your energy savings.
In this interactive session, we explored how a Combined Heat and Power (CHP) is an efficient and clean solution to generate electric power and useful thermal energy from a single fuel source. The BHGE team was joined by industrial operators and members of cogeneration associations, and discussed with the audience new CHP economic and regulatory trends. The team also addressed how to increase energy efficiency and enhance energy infrastructure, while minimizing operating costs by adopting innovative financing formulas and reducing greenhouse gas emissions, thanks to the adoption of greener fuels like hydrogen.
Maximizing plant efficiency with DCS digital valve solutions.
In this technical seminar BHGE and Yokogawa presented a joint value story on how providing long term predictive valve diagnostics through the DCS control system helps end users maintain and optimize plant performance and uptime. This follows the announcement of our 2018 joint partnership, integrating BHGE’s advanced diagnostic and anomaly detection platform with Yokogawa’s Centum system. This alliance enhances our customers’ main control systems to not only run their entire plant but also enable long term prediction capabilities for valve wear and failure. The outcome is helping our customers see ‘round the corner’, prevent events that could cause disruption and optimize their long term operational effectiveness.
The Ecosystem Approach to Digital Transformation.
How do oil and gas businesses ensure adoption and results from a digital investment? Achieving digital transformation at speed and scale requires an ecosystem approach that brings together domain expertise and leading technology with cultural transformation and change management. This session included leading oil and gas operators together with advisory firms and top technology companies to discuss innovation projects in which an ecosystem approach furthered digital transformation for enterprise-wide success. The panel discussed BHGE’s approach to Fit for Purpose digital engagements as well as BHGE’s AI Factory offering.
Disruptive Digital with the Industrial Edge.
Digital capability is rapidly gaining a foothold across the energy landscape, even in the most remote and challenging locations thanks to improving performance and economics of edge-based computation. The emerging potential of distributed edge devices capable of delivering advanced analytical functions, like deep learning frameworks, can offer the opportunity to drive optimization faster and closer to field operations by integrating and interrupting data. This data can be applied to applications that enhance technician productivity, training, site performance, compliance and safety improvement. This session explored the new frontier of how operators interact with machines and how applied technologies like augmented/mixed reality, drone-based sensing and computer vision can be applied to push the boundaries of everyday operations.