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Operational Excellence – A driver for Sustainability
In the backdrop of the Global Energy Scenario, Middle East based O&G Operators are balancing the twin needs of ramping up production to meet with increasing demand, as well as driving meaningful initiatives to improve their sustainability performance.
While these aims appear contradictory, with the right mindset, technological innovation and wider collaboration, the right balance is achievable. The convergence strategy for operational excellence with sustainability KPIs is a prerequisite to mastering the balancing act. Operational Excellence has various dimensions in terms of the application areas and technology categories that map to operational metrics around Operational Safety, production optimization, Asset & Process reliability directly impact sustainability goals.
Solutions mitigating risks of ageing assets, detecting leaks and corrosion can improve asset integrity, increase output as well as reduce containment losses and emissions. Similarly, exercising well management best practices with proper well controls ensures sustainability of reservoirs by maintaining the production and avoiding breakthrough from oil. Technologies such as Advanced Process Control that are powered by AI/ML and simulations can help achieve production optimization goals while reducing input costs and manual processes.
Operators today, however, face the challenge of identifying and prioritizing these approaches and the investments that need to be made to achieving the sustainability goals. A scalable approach that delivers on both operational and sustainability KPI’s, with demonstrable ROI is a key imperative to drive progress. This requires building a sustainability roadmap that aligns with specific organizational energy and emissions policies.
Join us at this round table as we discuss these challenges and share latest best practices as well as technology solutions that can help you protect your plant, improve visibility and decision making.