Oil & gas sector context
Fossil energies (coal, oil and gas) account for 80% of today’s total energy consumption. Despite R&D efforts to develop alternatives, there is not yet any other source economical and efficient enough to fuel the transport industry. Between now and 2035, hydrocarbon energy will still account for 54% of Europe’s energy offering. Oil, the portion of which should be reduced from 32% to 28%, will still be indispensable and will likely still provide about 80% of the energy required to fuel transport in Europe.
However, it is the end of an era: oil and gas are no longer so easily accessible. The infrastructures for extracting, transporting and distributing hydrocarbons and gas are expensive and take many years to build, and with reason: fossil fuels are more and more complex and costly to exploit. Operating oil or gas wells in the open sea requires highly sophisticated technical installations that resemble actual factories situated offshore to extract, separate, process, store and dispatch hydrocarbons trapped under the ocean floor.
Developing and installing oil and gas facilities call for technological advances and new methods to meet to strict environmental, economic and geopolitical criteria: investment capacity, shortage of qualified labour, limited access to resources, and so forth. Further out, oil supply will depend on technological progress and the industry’s solutions to these challenges.
Challenges for industrials in oil and gas
To take up these new challenges, operators in the oil and gas industries have to surmount major hurdles :
Remaining competitive and optimising yield
The origins of costs must be tracked with precision to react as quickly and efficiently as possible to technical incidents on a project. Optimising yield and maintaining production facilities in top condition improves performance potential, cuts extraction and refining costs and offsets R&D expense to find new sources.
In addition, with highly qualified personnel, each player must concentrate on its specific expertise without losing time on tasks with no value added.
Getting maxiumun value from assets and capitalising on knowledge
Oil and gas companies are forced to seek new sources where extraction, transport and refining are more complex and costly. It is important to be able to follow the whole context and capitalise on project data from conception through the Build phase to operation and dismantling, to have total continuity of data through all project phases.
It also concerns sharing the virtual knowledge and technical innovations of each site, extracting maximum value by making them available throughout all the company’s projects.
Improving the environmental footprint
Faced with increasingly stringent environmental regulations (CO2 emissions, SOx and NOx gases, REACH, Seveso Directive, etc.), industrialists must rethink extraction methods—even production and distribution—to retain their operating licences. They also have to provide guarantees and maintain transparency with respect to environmental measures affecting their operations. This means improving security procedures and compliance with standards, with a minimum of cost increases.
The keys to reaching this objective are traceability, access to precise, reliable data, compliance with procedures and controlling flows.
Our PLM solution to meet the challenges facing oil and gas companies
To surmount these hurdles in the complex and critical industrial environment of oil and gas, operators need software that enables them to follow up and share all documents and data among all involved personnel, and to track flows, standards and actions in their different facilities and infrastructures over the lifespans of their projects.
We have developed a PLM solution to manage all technical data pertaining to those installations (models, documents, equipment, nomenclatures, etc.) and trade processes whilst facilitating collaboration inside and outside the companies. Over the whole lifecycle of oil and gas installations from environmental impact studies through dismantling, all through build and operation, our solution consolidates and capitalises on industrial project data.
By virtue of its sole knowledge base, the application can structure, manage and provide interaction among all information linked to the different projects, with total data security. In addition, collaboration among actors (exploration, production and drilling, FSO and FPSO operators, heavy machinery manufacturers, undersea installation contractors, etc.) becomes more fluid.
By consolidating all data, the software provides a dynamic tool to track oil field assets and associated maintenance and renovation projects. This allows for a finer cost breakdown in an industry where investments for building and maintaining capital assets are extremely high. As a consequence, managing, exploiting and enhancing the value of the data throughout the lifetime of a facility constitute a key factor. It enables the company to reduce development time on new projects, to better prepare for interventions, and more.
This PLM solution is therefore particularly well suited for EPC players and EPCM contracts (Engineering, Procurement and Construction Management).
Key functions for oil & gas
Benefits for Oil & Gas industries
Direct access to verified and unified information
No information retrieval
Internal and external collaboration cycle reduced by 70%
Automatic generation of deliverables
Maximum availability of your infrastructure
Immediate identification of the impacts of changes
Monitoring of responsibilities and traceability of trades
Drastic reduction of errors
Guarantee of conformity of equipment
Time spent on quality controls reduced by 50%
Automating alerts and controls
Accurate monitoring of project progress
Control of engineering and operating costs
Comparison of subcontractors and identification of delays in rendering
Planning new projects based on existing portfolio
Consolidation of project knowledge and feedback
Launch of projects accelerated by 30%