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For offshore oil and gas producers, capital stewardship is translating to an operating environment defined by lower total expenditures. There is a keen focus on reducing capex and opex, while also accelerating time to first oil and gas, and enhancing production or total recovery. Underlying all of this is the imperative of reducing the environmental impact of each barrel produced.

To deliver more predictable, lower-cost and lower-carbon energy, while unlocking asset value faster, the industry must rethink how to develop its fields. 

Living the production journey

Today, Schlumberger takes a full-field development approach when working with its customers. In this model, close and early engagement and collaboration is inherently built into the production journey—enabling key drivers to be identified at the onset of a project and strategic, performance-based decisions to be made throughout the asset’s lifetime.

Schlumberger is engaging with operators through open digitally connected collaboration, with their asset always at the center of everything, aligning to their needs for performance. Value is created by living the production journey responsively, sustainably, predictably and dynamically for the life of the asset. 

Changing linear workflows

To remain competitive in today’s dynamic operating environment, the industry can no longer have a segmented, linear workflow. Through open, digitally connected collaboration, operators share their end goal, and service providers help them make the right decisions early and throughout the full life of the asset. Through this workflow, operators can:

* Select the optimum production systems for the lowest total cost and emissions. Schlumberger leverages its Subsea Planner* collaborative field development solution to work directly with its customers on their field development plans. This software, included in Schlumberger’s field development service, combines full-field economic calculations with reservoir engineering, production assurance, and subsea technologies and systems spanning the entire planning process. In essence, the service actively manages risks associated with system selection, design, delivery and production and helps create leaner, cleaner solutions. 

* Configure, to optimize capex and reduce opex during the production phase. Through this, Schlumberger creates solutions that are fit for purpose from the widest selection of innovative and standard technology.

* Deliver solutions that accelerate project execution to achieve first oil faster. This cuts delivery times through a total life cycle approach to technology innovation and increases project certainty.

* Produce maximum production and recovery at the lowest cost and lowest carbon per barrel. This enhances reservoir access and control to increase production and recovery, reduce waste, reduce emissions, and improve safety—for the life of the asset. Schlumberger leverages its Process Live* data-enriched performance service and Subsea Live* data-driven performance service. Process Live service integrates digitally enabled equipment, collaboration with OEM experts, and maintenance to enhance asset life cycle management, while Subsea Live enables collaboratively enhancing subsea operations by providing prescriptive health, operational and production insights.

This working philosophy is facilitating greater trust and the adoption of novel concepts that are delivering step-changes in performance and reductions in overall environmental impact. With electric energy systems, the industry can de-risk the interfaces across the lower to upper completion, through the subsea production and processing systems all the way to topside.

The role of electrification

All-electric production systems assist operators in reducing total expenditure while simultaneously accelerating digital transformation efforts and reducing the carbon intensity per barrel produced. As a lighter, more agile solution, all-electric production systems are a lower-carbon intensity alternative to the hydraulically powered production systems supporting a large portion of offshore production today. 

All-electric production systems include many benefits—from enabling longer step-outs and enhancing completions to optimizing field architecture through simplification of the infrastructure and significantly reducing space constraints at the topside due to a more compact actuator size when compared to hydraulic actuators.

Revitalizing fields

By living the production journey responsively, sustainably, predictably, and dynamically for the life of the asset, significant value from offshore operations can be realized today and into the future.

*Mark of Schlumberger

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