Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Advanced Composites
LeftNav
Aerospace
LeftNav
Amorphous Metal Structures
LeftNav
Analysis and Simulation
LeftNav
Asbestos and Substitutes
LeftNav
Associations, Research Organisations and Universities
LeftNav
Automation Equipment
LeftNav
Automotive
LeftNav
Biomaterials
LeftNav
Building Materials
LeftNav
Bulk Handling and Storage
LeftNav
CFCs and Substitutes
LeftNav
Company
LeftNav
Components
LeftNav
Consultancy
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
Pro Engineering Zone
 
 
 
News

Oil production jumps with ABB monitoring technology

ABB Automation Technologies : 02 July, 2006  (Company News)
ABB Norway has acquired unique monitoring technology that lets oil companies calculate wear and tear on production equipment caused by sand in the oil, which can increase the value of production in a single field by hundreds of millions of dollars annually.
With the February purchase of the condition monitoring department of the oil and gas consultancy, Production Technology Integrated AS, ABB Norway acquired new oil field software technology called Insight and SandView, in addition to three new employees.

Daily production increases by 30,000 barrels
The technology is currently installed in the Gullfaks and Statfjord fields in the North Sea, where it has increased production by more than 30,000 barrels a day. With the price of oil currently hovering at around $60 a barrel, that production is worth some $1.8 million per day, or nearly $600 million annually.

'With this important addition to ABB's oil and gas portfolio, we will continue to develop the software and services that optimize production, operation and maintenance for our oil and gas customers,' said ABB Norway Vice president, Rune Finne.

Calculates equipment wear and tear
ABB's new technology calculates wear and tear on process equipment caused by sand in the oil and gas coming from production wells, optimizing production, reducing attrition and increasing safety.

New ABB software calculates wear and tear on process equipment (like the valve at LEFT) caused by sand in the oil and gas coming from production wells, such as the Troll C platform in the North Sea (RIGHT).

Pipelines, manifolds and valves that connect the production wells with separators on the platform are exposed if oil or gas from the reservoir contains sand.

'This technology fits well into the existing range of ABB optimization systems for enhanced oil and gas production,' Finne added. 'It also shows that tailor-made software systems can simultaneously increase production, reduce maintenance and enhance installation safety.'
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 NewMaterials.com
Netgains Logo