NOTES

Extending the Norwegian oil age

A quiet revolution is underway in the international petroleum industry: […]

A quiet revolution is underway in the international petroleum industry: Advanced information technology is making it possible to remotely operate offshore oil and gas fields from shore which increases both safety and production levels. It also increases the value of the fields as it enables them to be kept in production longer and recover more of the oil or gas in place. This approach is called integrated operations.

The Norwegian Oil Industry Association has calculated that the technology will increase the production value of fields on the Norwegian continental shelf by as much as NOK 300 billion.

A cooperative project between NTNU and Siemens will develop new models for the control and optimization of the whole production system, from the ocean floor to the process facilities on a platform or ashore.