Journal of Canadian Petroleum Technology, Vol.43, No.3, 47-51, 2004
Emerging technologies
Oil and gas companies face great pressure to sustain and/or maximize the recovery of resources, in an environment of global 1: competition, under mounting operating expenses, and with stricter accountability to the environment and public safety. Companies must be vigilant to adopt technological innovations; that will deliver a stepwise change to the way they conduct their business in order to deliver capital band operational improvements that produce a measurable financial impact. The Canadian oil, and gas industry has been amongst the leaders in technological innovation and been equally quick to adopt innovations necessary to exploit and maximize reserves. This paper discusses how new data communications technology and. hardware can be linked with traditional business software solutions to deliver information specific to departments and individuals in an organization. The paper focuses on new technologies for data acquisition, well site monitoring, and data analysis, where information is transfered from a remote location to the desktop. Modelling concepts will be reviewed that show how secure and dependable data communications can disseminate information to personnel within an organization to make informed decisions and reduce, response time. Data information can be used to "seed" other traditional software applications, that will permit more in-depth analysis. Using the Internet to disseminate data within an organization allows collaboration between individuals and departments, creating opportunities, for the integration of engineering services with other departments.