BOSTON – November 25, 2019 – Emerging technologies are fueling the pace of transformation within oil and gas upstream operations. As stakeholders reevaluate their cost and expense models in a volatile oil price environment, those who learn to master the nuances of the new relationship between data, technology, analysis, cost savings and profitability will be the winners. The new technologies will need to be directly linked to internal oil and gas process dynamics in order to achieve profit-driven optimization of operations.
Within upstream environments, both floating production storage and offloading (FPSO) and Floating liquefied natural gas (FLNG) assets serve as examples of how optimization of power systems is helping to dramatically cut costs while saving valuable footprint space. Below is a synopsis of some recent use cases illustrating how these new approaches and technologies are being deployed:
East Africa: Optimizing the design of the electrical distribution system – In an effort to further develop recently discovered undersea natural gas fields, a global integrated gas and LNG player enlisted an Engineering, Procurement and Construction (EPC) firm specializing in offshore platform technologies. As the EPC firm issued bids to subcontractors, Schneider Electric responded with a unique approach for implementation of electrical distribution and a new power architecture. A proposal for a full electrical distribution package (included LV, MV systems) was issued that focused not only on reliability and safety, but which also included footprint optimization, and reduced weight.
Schneider Electric power system consulting experts optimized the on-board power distribution process by reducing the volume of switchgear and MV equipment needed, while still minimizing downtime risk by using advanced sizing methods. They also managed all of the power-related process change orders and modifications that occurred during the design phase to secure the project planning. The new approach resulted in a 20% reduction in cost surrounding power generation, electrical distribution and cabling equipment over the asset lifetime.
For the full story, please visit the Schneider Electric blog: https://blog.se.com/power-management-metering-monitoring-power-quality/2019/11/14/how-oil-gas-companies-are-reducing-upstream-physical-infrastructure-costs-across-the-globe/
Company Name: Schneider Electric
Contact Person: Thomas Eck
Email: Send Email
Address:8001 Knightdale Blvd
State: North Carolina
Country: United States