Better resource utilization
Better resource utilization is a hot topic in the petroleum industry. Research and investments in Integrated Operations (IO) could generate billions for society and the Norwegian Oil Industry Association estimates that the profit from the rapid introduction of IO on the Norwegian continental shelf (NCS) can be NOK 250 billion over the period 2005-2015. The greatest potential lies in increasing the recovery rates from oil fields and rationalizing operations.
The activity at the Center for Integrated Operations in the Petroleum Industry focuses around the development a knowledge bank, as welll as methods and tools that will bring substantial progress and revitalize the technologies and practice in the industry. The added value of adopting IO will be felt as the technology enables additional commercial finds of oil and gas, increased recovery rates, reduced costs, longer life for petroleum fields, reduced environmental loads, and improved safety measures.
Full article: Better resource utilization
Website: Center for Integrated Operations in the Petroleum Industry - SFI
NTNU, SINTEF, Institute for Energy Technology (IFE) – Halden
Statoil, Hydro, Total, Gaz de France, ConocoPhillips, Shell, Petoro, as well as Kongsberg Maritime, Aker Kværner, FMC, and IBM. Several companies are currently considering joining as partners.