Executive Summary iSolutions is working to generate an advanced visualization and machine learning platform targeted at understanding drilling rig parameter impacts on Rate of Penetration (ROP). The platform will allow for drilling rig parameters to be tuned to optimize ROP for wells on existing and nearby Pads in the intermediate section. Using drilling information’s from
Background & Industry Challenges The new normal of “lower for longer” in commodity pricing places significant pressure on process industry producer companies, driving a need to reduce OPEX costs on operating facilities. Producers must optimize the efficiency of their existing assets, reduce headcount, update maintenance and reliability strategies and innovate to do more with less.
Background Many producer companies in upstream oil & gas and the power & utilities sectors are progressively looking forward to use Asset Performance Management (APM) solutions to reduce asset downtime, optimize performance, increase reliability and reduce maintenance costs. For many of our clients, APM has been a key initiative to drive best in class performance
This article discusses the components and features of OSIsoft’s PI Asset Framework (AF) 2010 software system, and outlines various value-adding scenarios leveraging the capabilities of AF. What is AF? PI AF is a repository for asset-centric models and hierarchies. It is capable of integrating and retrieving data from a multitude of data sources such as
