Invensys to present integrated asset model for upstream profit optimization at ATCE 2006

Invensys to present integrated asset model for upstream profit optimization at ATCE 2006

 
The SimSci-Esscor business unit of Invensys Process Systems announced that at this year’s Society of Petroleum Engineers Annual Technical Conference and Expo (SPE-ATCE) it will present a workshop to help petroleum engineers increase profitability by overcoming challenges to upstream asset integration. In a presentation entitled “The Role of Industrial Simulation in Improving Field Management,” SimSci-Esscor advanced process control experts will introduce the concept of integrated asset modeling and management (IAMM) as a new approach to optimize upstream profitability. This provides a powerful asset set optimization solution for upstream oil and gas operations and fits within Invensys’ overall Asset Performance Management strategy introduced last year. This strategy is designed to help companies to continuously balance asset utilization and availability to meet changing business objectives.
 
The presentation will take place at Booth #4337 on September 25 at 2:00PM as part of the Exhibitor Showcase of the Society of Petroleum Engineers ATCE show, at the Henry B. Gonzalez Convention Center in San Antonio.
 
“The Upstream industry is moving away from point solutions for operational problems to integrated solutions for business management and profit optimization and this requires taking a more balanced, enterprise-wide view,” said Shaun Wright, SimSci–Esscor’s vice president for upstream global solutions, who will lead the ATCE presentation. “Today’s upstream production managers think very carefully before going full-steam ahead with optimizing isolated parts of their operations; they are very mindful of the need to understand the overall business impacts first. Improving separator performance to meet an immediate demand spike without understanding the effect on reservoir production capability, well management, gas lift availabilities, and equipment constraints, for example, is very risky in today’s markets.”
 
The presentation will discuss ways in which processors can use advanced technology to manage this risk, focusing specifically on how they may overcome some of the major challenges to advanced automation. These challenges include communications in hostile environments, implementation of emerging industry standards, and preservation of investment in legacy systems.
 
Invensys will also be demonstrating how its complete SimSci-Esscor Upstream Optimization Suite, which supports the IAMM vision with business applications that integrate multiphase flow modeling, transient multicomponent simulation and strategic optimization of oil and gas production operations. The suite includes SimSci-Esscor, PIPEPHASE version 9.0 steady-state multicomponent simulation tool, its TACITE transient multicomponent simulation software, and NETOPT strategic optimization software, as well as other proven Invensys products.
 
For more information, about the SimSci-Esscor ATCE 2006 participation, or SimSci’s complete product offering visit www.simsci-esscor.com/us/eng/events/events/events/SPE+ATCE+06.htm  or contact Richard Crounse at the Houston Upstream Competence Center via phone at 713-329-8596 or via email at Richard.crounse@ips.invensys.com or Shaun Wright at 713-329-8609.