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For the trade press
Siemens introduces Oil Field Management Software
Software Transforms the Way Oil and Gas Companies Operate Upstream
Assets
Nuremberg 2006-03-24
ALISO VIEJO, Calif., March 24, 2006—IndX Software, a
Siemens Company, today introduced a comprehensive Oil Field Management
Intelligence Pack for its XHQ™ real-time performance management system.
The Oil Field Management Intelligence Pack is a pre-packaged,
role-based, upstream operations performance management system that
provides proactive notification of current and emerging problems helping
production supervisors and managers make better informed decisions about
upstream assets and respond to situations in real-time. Siemens Oil
Field Management Intelligence Pack is the result of incorporating the
best practices and operating procedures from Oil Field Management
Engineers and Operators at pacesetting oil fields around the world.
Asset and equipment operating envelopes (design and operating limits)
are established for each well and are monitored in real-time. Operators
and Field Engineers receive automatic notifications with links to
summary and detail views. The solution combines business and real-time
technical information from existing upstream systems into a
comprehensive advisory system for production wells, metering stations,
injection systems, environmental monitoring stations and gas oil
separation plants. Engineers and technicians may easily customize
pre-built displays for multi-phase flow meters, well tests, work orders
and field production maps. Energy management, sand management, corrosion
monitoring, well-shut-in history, inner casing pressure monitoring,
water management, and pump monitoring are included in the offering.
System Benefits:
All technical personnel, engineers, supervisors and managers in an
organization have instant access to technical information about the oil
field production system from any PC at any company location.
Trends and patterns in operational performance can be easily recognized
and addressed by engineering and supervisory personnel; maintaining
optimal production levels, increasing recoverable reserves and reducing
well down time.
Extensions are developed by petroleum engineers and technicians, not IT
professionals.
Any change in the field, planned or unplanned, can be monitored from any
location.
Value Proposition
Increase oil recovered from a field 2 – 7 percent
Reduce lifting costs by 10 – 25 percent
Increase production rates by 2 – 4 percent
Background
Oil and Gas companies are aggressively seeking solutions to increase
recoverable reserves and unlock new barrels of oil from their existing
oil fields. One of the keys to increased profitability is operating oil
fields more efficiently, without damaging valuable assets or placing
employees in harm’s way. Today, oil field operators are working harder
than ever. Oil fields are outfitted with many types of expensive
computer monitoring equipment, but unfortunately, these systems do not
talk to each other, and it is difficult for operators to get an accurate
picture of how best to manage the overall well field assets.
Frequently, operators unknowingly over-produce to increase yield, which
results in the unintended consequence of reducing the life expectancy of
the well. Early well decommissioning costs far outweigh any gains
achieved through over production.
Further information can be found on the Internet at: www.indx.com
About Siemens
Siemens Energy & Automation Inc. is one of Siemens’ operating companies
in the U.S. Headquartered in the Atlanta suburb of Alpharetta, Ga.
Siemens Energy & Automation manufactures and markets one of the world’s
broadest ranges of electrical and electronic products, systems and
services to industrial and construction market customers. Its
technologies range from circuit protection and energy management systems
to process control, industrial software and totally integrated
automation solutions. The company also has expertise in systems
integration, technical services, and turnkey industrial systems. For
more information: www.sea.siemens.com.
Siemens AG (NYSE:SI) is one of the largest global electronics and
engineering companies with reported worldwide sales of $96 billion in
fiscal 2005. Founded nearly 160 years ago, the company is a leader in
the areas of Medical, Power, Automation and Control, Transportation,
Information and Communications, Lighting, Building Technologies, Water
Technologies and Services and Home Appliances. With its U.S. corporate
headquarters in New York City, Siemens in the USA has sales of $18.8
billion and employs 70,000 people throughout all 50 states and Puerto
Rico. Eleven of Siemens' worldwide businesses are based in the United
States. With its global headquarters in Munich, Siemens AG and its
subsidiaries employ 460,000 people in 190 countries. For more
information on Siemens in the United States: www.usa.siemens.com.
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