AUSTIN, TEXAS (July 6, 2016) -- Emerson and StepChange Global have combined their technology and consulting expertise to help producers increase production and cut operational costs by developing, implementing, and evolving best practices with Integrated Operations (iOps) and Digital Oilfield. An effective iOps solution helps users improve profitability through better access to real-time data and information, innovative technology, and its integration into a collaborative organization.
Emerson’s technology and StepChange Global’s consultants help improve collaboration between the operational site and the support teams in the office in order to maximize the value that can be gained from operating asset information. With iOps, an enterprise can then build confidence in its information and trust among extended teams to implement improvements that include improving operator efficiency and optimizing its core operational processes.
By optimizing production using iOps tools and techniques, an oilfield can see production efficiency improvements of up to two percent. A closed-loop gas lift application can see production improvements of five percent. Previous iOps implementations have seen OPEX reductions of five to 20 percent with payback in less than a year.
“The oil field major players see Integrated Operations as a transformational program to optimize their business performance, and is the way they will work in the future,” said Tony Edwards, StepChange Global CEO. “Performance optimization is required as the industry struggles with falling oil prices, key skill shortages, and risk reduction and compliance requirements for both Health, Safety & Environmental (HSE) and production.”
“Working with StepChange helps us drive increased production efficiency for our customers,” said Jerry Brown, senior vice president of Emerson’s industry solutions. “We are reducing operations and maintenance OPEX costs by improving visibility of real-time actionable asset information across multiple remote sites and oilfields.”
About Emerson Process Management
Emerson Process Management (www.EmersonProcess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, life sciences and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include Bettis™, DeltaV™, Fisher™, Micro Motion™, Ovation™ and Rosemount™.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2015 were $22.3 billion. For more information, visit Emerson.com.
About StepChange Global
StepChange Global is one of the world’s leading consultancy and advisory companies within the area of Digital Oilfield and IO (Integrated Operations). StepChange Global has worked in the oil and gas and mining industry globally since 2009 and has contributed to the establishment and development of global programs for IO within many major international companies. The company focuses on the people, process and organizational change that are essential to making Digital Oilfield a success.