Siemens executives discuss how digitalization and technological innovation are making oil and gas operations safer, more efficient, and more reliable, during the upcoming Oman Oil and Gas Exhibition and Conference (OGWA) 2018.The company is demonstrating how its digital solutions and services can help the industry reduce costs and enhance operational efficiency.
In the future, offshore platforms are to be increasingly controlled and operated from onshore locations. With oil and gas companies producing large amounts of data from hardware and process-related activities, Siemens’ digital solutions portfolio ranges from early feed to abandonment, helping customers collect and convert data into real-time knowledge for faster, smarter decision-making.
“Today the oil and gas industry face a number of challenges, including a potentially ‘lower for longer’ price of oil and gas, intense competition, the need to reduce CAPEX and OPEX, aging assets, the effective management of large amounts of data as well as cyber security concerns,” said Jean-Claude Nasr, Senior Executive Vice President of Power Generation in the Middle East at Siemens. “We work with our regional customers to help them maximize safety, efficiency, predictability, and reliability of their operations. Oman represents a really important market to Siemens, and OGWA is a great opportunity to meet the industry’s experts and talk about the latest innovations.”
Siemens’ main booth will include a series of scheduled expert dialogues, where the company’s executives will discuss, from March 26-28, 2018, key topics and trends in the industry via live demonstrations. These topics include digitalization, production optimization, automation and cyber security.
Additive manufacturing will also be a focus of Siemens’ participation at the show. The company will showcase a 3D-printed model for Siemens’ SGT-400 industrial gas turbines, which is a breakthrough success in the use of additive manufacturing in the power generation field.
In addition, Siemens will demonstrate a number of solutions designed to reduce capital and operating expenses for companies in Oman. For the oil and gas industry, Siemens supplies a broad spectrum of products, services and solutions that support upstream, midstream and downstream applications. With the recent acquisitions of Dresser-Rand and the operating assets of Rolls Royce Energy, Siemens created the industry’s most comprehensive portfolio of high-speed rotating equipment and services for customers in the oil and gas, process and power industries.
On the data analytics front, Siemens will demonstrate its software solutions designed to optimize performance across the oil and gas value chain – from automated process analysis to seamless data integration, remote monitoring, preventive maintenance, and simulated training.
Another innovation featured at the show is Siemens Totally Integrated Power and Control solutions, designed to make projects more economically viable by enabling long-distance subsea tiebacks, processing and heating.