| | JUNE 20189CIOReviewWearable technology is another "state of change" factor in defining the digital oilfieldcompany seeks to accurately predict future maintenance needs to avert production decline. Implementing sophisticated asset performance analytics lessens the risk of outages or damaging well degradation.The real-life consequences of these data mechanisms--For beginners, producing an extra quarter to half a barrel per well each day could realize $200 million a year more in incremental revenue. The potential benefits of predictive analysis are clear: increased production, lowered expense and optimal utilization of parts and assets--not to mention a giant sigh of relief from the corner office.What the Modern Field Operative is WearingWearable technology is another "state of change" factor in defining the digital oilfield, particular when it comes to tracking and ensuring worker safety. Take the case of a field operative with smart wearables digitally connected to worksites and field assets where radio frequency identification (RFID) sensors have been installed.From a cost-management standpoint, wearables can enable real-time tracking of time spent at each site. This helps manage invoices received for the project and deploy personnel more wisely. As importantly, worker safety and security are enhanced. The operative wearing a digitally enhanced vest is able to have his or her vitals and external conditions monitored, including heart rate, blood pressure, air quality, and weather factors.The system is aware that he or she wears near-vision glasses and, as a precaution, checks that they are being worn--and if not, offers a reminder. Computer-tracking goggles track eye movements for signs of fatigue or disorientation.Such wearable devices also allow for detection of different types of hazardous gases. They can be outfitted with built-in panic buttons and a GPS locator and motion sensor for identifying employee location. The technology can lead to less redundancy and worker downtime because of improved data access, better knowledge management, and automation, a measurable cut in administrative overhead, and an upgrade in vendor performance management.The Real-Time Drilling PlaybookIn charting a drill plan, operations managers need to keep everything on schedule and be able to react productively to breakdowns and unexpected events. During the drilling process, analytics are running against real-time sensor data to monitor and predict down-hole problems and equipment issues that might develop, such as sand breakthroughs or a stuck pipe.In one scenario, the drill team strikes a predicted sedimentary layer and must depart from the initial plan; additional mud is required, resulting in delays to project completion that forces the drill platform to stay onsite an additional week.But the team has a drill plan that contains comparative data drawn from other wells with similar characteristics. Detailed data about fluid composition, injection rates, problems experienced and overcome is fed into the algorithms, becoming automatically available to technicians and the remote operations center. Equipment and supplies are shipped straight to the site. A new plan driven by technology takes effect.Think of it as a real-time drilling playbook, one that assists field operatives and remote managers in conquering problems in the field. And it is music to the ears of the oil and gas enterprise from a cost- and risk-management perspective.Digital technology is transforming the way oil and gas companies operate in the field. But this new age is grounded in a time-tested, old-school business model cutting costs, maximizing production, and driving efficiency through the most current tools available can potentially lead to increased market share and market success. Greg Mitchell
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