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Marcellus–Utica Midstream

Technology Has Key Role As Midstream Adapts

‘The time for building and quickly flipping assets is gone,’ says Siemens executive, stressing the importance of keeping operational costs down.

Thu, 12/26/2019 - 08:00 AM

Technology Has Key Role As Midstream Adapts

Photo courtesy of Siemens.

PITTSBURGH—The midstream sector faces significant challenges now, and the profitable response to some of those issues must include adopting new technology.

That was the message of Sanjeev Daruka, head of midstream development for Siemens Oil & Gas in a keynote address Dec. 4 at the 10th annual Marcellus-Utica Midstream Conference & Exhibition.

“We need to focus on longer-term operational excellence,” Daruka told attendees at the Hart Energy event. “The time for building and quickly flipping assets is gone, we have to hold the assets. In other words, operating expense is very important, it’s as important as capital expense.

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