Connect with us

Business

Field Data Analysis – Driving Business Value for Oil Companies

Published

on

In a bid to offset production and operational inefficiencies, Oil and Gas companies are embracing data analytics to make proper use of field data and derive business value.

Technological trends have engulfed quite a few industries and Oil & Gas is no exception here. Over the last three years, geopolitical and economic situations in different parts of the world have had an adverse effect on the Oil & Gas industry in no minimal terms; the impact has led to heavy losses across companies. The Upstream segment, in particular, has been heavily hit owing to the kind of dependency on various operations required to explore, find and extract oil. But of late, companies have found some solace thanks to technology that is helping redefine field operations and thus ensuring efficiency.

Embracing Data Analytics  

The field operations are central to the well drilling and oil extraction process and one way to ensure these operations run efficiently is to have access to relevant real-time data, remotely. As we speak, data analytics is creating a huge difference to companies across industries and Oil & Gas companies are readily embracing big data analytics in a bid to outdo themselves.

A survey conducted by Accenture and Microsoft among Upstream Oil & Gas professionals showed that 66% of them believed analytics to be one of the most important tech trends required to transform their companies while only 13% confirmed that they currently have fully mature data analytics capabilities. This of course reflects a huge gap but promises a certain focus to adopt analytics.

Another interesting insight from the same report was that the number of professionals who were interested in adopting Internet-of-Things (IoT) grew to 44% (2017) from a mere 25% in 2016. The interest on IoT automatically shifts focus towards analytics simply because IoT and Data Analytics are closely aligned with mutually dependent technologies.

How is field data analytics driving business value? 

Redefining Operations: Analytics plays an important role in redefining the operations of not only upstream but also of midstream and downstream companies. Oil companies are finding significant improvement in their operations thanks to valuable insights derived from data analytics. Analytics provides a better view of the processes and helps detect issues and apply remedial measures in a timely manner. This in turn helps in decreased downtime and a more fluent operational process.

Analytics also helps offset the increasing operational complexity as Oil companies explore newer locations in an attempt to find hydrocarbons. Such explorations and extractions demand the higher level of data processing and analytical capabilities, sometimes to the extent of over 200,000 streams of data which is made possible by field data analytics.

Asset Utilization: Data Analytics helps monitor and control equipment, machinery and rig operations and in doing so directly enhances the utilization of assets under operation. Access to data on status of assets helps supervisors and operators cater to requirements in a timely manner and this in turn results in enhanced performance of these assets.

Enhances Human Resource performance: Availability of data at the click of a button helps resources have a comprehensive view of the status of wells, assets, and other equipment. This in turn enables better performance as resources need not run around looking for data and expend precious time. Analytics also helps resources make better judgements and quicker decisions which results in increased productivity and performance.

Another interesting way analytics helps is that it cuts down the time required to induct and groom new resources into their respective roles. Tons of relevant information required to help newcomers groove into their jobs are made available at the click of a button.

Connecting the un-connected world: Oil & Gas is traditionally an un-connected world between the three categories from Upstream to mid and downstream. But this is changing at a good pace as emerging technology trends such as IoT, Artificial Intelligence, Cloud computing coupled with analytics ensure that the entire value chain is connected. Even within each category, say Upstream, for example, big data and analytics are creating a seamlessly connected network where data is shared across various segments of the Upstream value chain.

A classic example of where analytics plays a crucial role is that of drilling platforms using submersible pumps to keep the production continuous. Any gap or stoppage in production could result in losses to the tune of 100,000s of dollars on a daily basis and analytics helps monitor and control the functioning of these submersible pumps so there is no gap in production and operations.

Conclusion 

Far from too long, Oil & Gas industry has been at the mercy of the external geo-political-economic factors which have constantly kept the companies second-guessing on the business outcomes. But technology in the form of field data analytics is looking to boost the efficiency and productivity of operations and drive relevant business value by helping companies have better control on and manage their field operations.

Advertisement
Comments

Business

STP Plants in Residential Complexes

Published

on

With a view to better manage available resources and reduce environmental damage, environmental laws now make it mandatory for apartment and apartment complexes to have an STP plant on premises. In a number of Sates this rule has now mandatory for all such complexes, both new and existing.

However, some apartment owners and residential complexes have still been hesitant to adopt this rule, despite the fact that STP plants manufacturer India are today designing some of the most economical plants. Some dismiss the idea because of extra costs, while some are ignorant of its necessity. Some deem it unnecessary because either they are connected to a municipal waste system or because they think it is not needed.

Why Private STP Plants?

The reason for a private STP plant are many. Some of these are:

Inadequacy of municipal system: The municipal system in our country is simply not enough to deal with the amount of wastewater that is generated everyday. In fact, some studies found that wastewater treatment for Class I and Class II (the biggest wastewater generating centers) was as low as 31%.

Even in plants that are operational, many were found to be badly managed or simply inefficient/inadequate. This is clearly a catastrophic condition where our public systems simply cannot keep up with the requirement. This has made it imperative that we manage wastewater at a local level.

Autonomy: Even before it became a legal necessity, many residential complexes had already taken steps to install STPs. This gives them more autonomy over their wastewater management. With a locally managed plant, complex do not have to depend on municipal authority to take corrective actions when there is some breakdown. They can also make sure that the plant is functioning at optimum level at all times.

Legal necessity: For those who are still vacillating over its need, the truth is that STPs may soon become a legal necessity across India, if it is not already so in your state. Many State governments have already made STPs compulsory in new units. A number of States have also asked all existing residential bodies to comply.
This means that sooner or later you will have to build a plant on premises. It then makes sense to contact an expert STP plants manufacturer India to ensure that you have a running plant before it is too late.

Alternative source of water: Apart from their legal and environmental necessity, STPs are actually beneficial for a residential complex. An STP provides an alternative source of water – treated and cleaned in the plant – that can be used for other purposes, such as watering plants, flush water etc.

In large complexes, which house hundreds (sometimes even thousands) of residents, such an advantage is simply too important to give up. Increasingly, we find that water supplied by municipal bodies in big cities fails to meet the desired requirements. An alternative source of water that can take care of secondary requirements becomes extremely welcome.

What kind of STP will work for residential complexes?

The decision on the kind of plant to be constructed should be taken after careful consideration. The construction of an STP is a considerable investment. There are many ways of making this economically sustainable, but it is a fairly permanent structure. So, getting it right in the first go is important.

Closed or open: Sewage treatment plants can be closed, open or partially open. Open plants are not recommended for residential areas, especially densely populated areas. This is because sewage treatment through biological means often produce methane, which gives out an unpleasant odor. This smell can reach miles. In an open or partially open plant, the odor can be very off-putting. This makes it a complete no for a residential complex.

Additionally, the plant should be located away from car parking area. Since, methane is a highly combustible gas, any spark can cause fire.

Manual or automatic: For smaller apartment complex, an automatic system is recommended. Manual systems need supervision and operational personnel, which is not always possible in a small complex. While a manual system is cheaper to install, it is more expensive to operate. Bigger complexes can made budgetary allocation for the personnel, but for a smaller society a one time allocation makes more sense.

There are a number of designs available today for STPs. Contact a competent STP plants manufacturer India for the best options available to you.

Continue Reading

Business

Reasons To opt For Business Signs and Signage

Published

on

Signs and signage are essential for every business as they help to increase the awareness of the same. As a business owner, you will have to put in efforts and choose something which is good so that you get value for money and it also satisfies all your needs. When you look around there will be too many of them you may come across but paying attention to various aspects and buying the bets is essential. The business signs and signage are available in a variety of style and sizes. You can look for those which suits your budget and your needs well.

This is one important accessory which you need to incorporate if you are planning to start up a new business or just want to spread more awareness about the current business you own. Only attractive and creative business signs and signage will stand out in the crowd; hence, it is essential for you to look out for the best. Some other benefits which you can be assured of by opting for this signage are mentioned below.

Types:

When you start to look around, you will come across many manufacturers making different types of business signs and signage for sale. In all such cases, you have to talk to them about each type and also analyze your needs and buy one which is suitable for you. This will make a very big difference and you will also have the best for your business needs. Here you are free to buy the size, shape and design that you desire. It will certainly help you increase footfalls and business sales. All you need to make sure is choose the best type so that you are aware of its utility.

Bring New Customers:

Once you select stunning and briefly styled business signs and signage, they are sure to bring in new customers for your business. With the signs, more and more customers will know about your brand as well as the product that you have for sale. This awareness will lead to increased sales and higher profits. With improved revenue, it will also be easy for you to plan your business expansion. The research concludes that people only register brands when they repeatedly see the same. Hence getting good and well-designed signage will be profitable for you.

Location:

Explaining the right location for your business will be very difficult. When you have business signs and signage, things can simplify because the buyer can watch out for the arrows and reach the place at the earliest. This will reduce their effort and hence the liking would also increase. As they reach out the location on time following all the signs placed at the right places. This way you can increase customers. This will also contribute to your sales and profits.

Occasions and Promotions:

Coming up with a new product or introducing the same to all potential customers on one-on-one basis will be difficult. If you have well-written signage passing the required message to all your buyers’ things will get easy. You can spread the message of the new product launch and the promotional offers for the same. You should make sure that everything is properly displayed so that the readers understand and comes up to you. If you have any event, business signs and signage can help in increasing the number of attendees.

While buying or looking out for designers and suppliers of business signs and signage make sure you pay attention to the size and the matter that you get printed on the same. This will make a big difference because all your profits will always depend on what you install.

Continue Reading

Business

Popular Kinds of Crane Equipment Used in Construction and Other Applications

Published

on

Construction and civil engineering makes use of various kinds of cranes. A crane is that type of heavy machinery which helps to lift and move materials through pulleys and cables. There is a platform or tower over the crane to lift equipment’s. In the realm of equipment manufacturing and in construction businesses, cranes have great application. When it comes to the types, cranes may be truck mounted or can be fixed to the ground. Thus, they may be either temporary structure or permanent ones. The operator who is using the crane may easily control it from inside. There are push buttons, radio controls to manage the crane. There are different types of cranes available in the market such as mini crane, truck mounted crane, tower crane, telescopic crane and lost more. You can search different types of cranes online and choose the best one according to your needs.

cranes Melbourne

How Would You Choose and Operate the Crane?

Crane manufacturers offer cranes of different types, styles, colours and specifications. They can also have different lifting capability or different weights. Before you choose a crane, you have to think about the weight or load it needs to lift and the radius at which the load will be lifted. All the crane operators must be proficient at what they are doing. Certain operators can manage only certain types of cranes. Train your employees well before asking them to use the crane.

The Top 6 Popular Kinds of Cranes

There can be several kinds of cranes as per the application. We also have custom cranes manufactured as per the needs of the business. Below are the top 4 cranes used commonly:

  • Also known as truck mounted crane, mobile crane is popular kind of crane. The popular machinery can handle heavy loads or heavy goods. They are used for a variety of construction projects. Mobile cranes are used mainly for building projects, pipelines, highway maintenance and for bridges. Some of the mobile cranes may even lift weight up to 50 tons and this is huge.
  • If you are involved in too large construction project, you will need the tower crane. The tower crane can help to lift extremely heavy tools, concrete material, and steel material. Since the size of the crane is very large, you need to give a large space to accommodate it. The lifting capability of the tower crane relies on the radius of its lifting arm. If the radius is short, the lifting capability can be 4-5 tons.
  • Telescopic crane features a lot many tubes and offers boom. The boom is lengthened or reduced with the extension and retraction mechanism of hydraulics.
  • Truck mounted crane is almost the same as mobile crane where the crane is mounted on a truck that runs on rubber tyres. The mobility of truck mounted crane is simply excellent. The outrigger of the crane can extend either horizontally or vertically to stabilize the crane or level the crane. Construction companies and automobile companies mainly use these cranes for lifting their goods and products.
  • Rough terrain crane is another kind of crane which is meant for rough terrains. This is the single engine crane which can power up the crane and also undercarriage. The crane is actually mounted on the undercarriage. It runs on four wheels.
  • Do you need cranes for marine application? You can use marine crane for your purpose. It can easily be attached to an ocean vessel or stand erect at the shoreline. The land-based marine crane may be used to lift the boats and vessels.

Apart from the 6 kinds of cranes discussed in the section above, there may be a few others. Before choosing any kind of crane, determine your needs and applications.

Continue Reading

Trending