Digital technology in oil and gas optimisation

Invensys, BP, Chevron, and Shell joined in a presentation and discussion on PRODML, PRODuction xML, a new open standard for digital technology for production optimisation in the oil and gas industry

Invensys, BP, Shell and Chevron experts explore role of digital technologies in oil and gas business optimisation.

Invensys, BP, Chevron, and Shell joined in a presentation and discussion on PRODML, PRODuction xML, a new open standard for digital technology for production optimisation in the oil and gas industry.

This presentation was part of the two-day conference "Digital Energy 2006: Bytes and Barrels, Applying Digital DNA to Meet the Business Performance Challenge", sponsored by the Society of Petroleum Engineers (SPE).

In a panel discussion, Stan DeVries, Director of Upstream Solutions at Invensys Process Systems described the consequences of not having a digital technology standard for production optimisation and the benefits of PRODML from a vendor perspective.

Stan brings extensive experience in implementing asset performance management and distributed process control systems for the petroleum industry.

SPE organised the conference to help oil and gas industry personnel understand digital applications in business performance improvement today and to open discussion on the possibilities for the future.

Panel discussions addressed current enabling technology, the business benefits and changes for operators and vendors, and future challenges.

The conference was held from 21-22 February in Houston, Texas.

For further information on Digital Energy 2006: Bytes and Barrels, please visit the website.

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