Financial benefits of advanced control. Benchmarking and optimization of a crude oil production platform

Advanced control and optimization techniques provide an effective technique for increasing productivity and reducing operational cost. Petrochemical processes provide good examples in demonstrating the applicability of advanced systems control for revenue optimization. This paper presents the result...

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Bibliographic Details
Main Authors: Laing, D., Uduehi, D., Ordys, A.
Format: Conference Proceeding
Language:English
Subjects:
Control systems
Environmental economics
Offshore installations
Optimized production technology
Petrochemicals
Petroleum
Process control
Production systems
Productivity
Reservoirs
Online Access:Request full text
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Description
Summary:Advanced control and optimization techniques provide an effective technique for increasing productivity and reducing operational cost. Petrochemical processes provide good examples in demonstrating the applicability of advanced systems control for revenue optimization. This paper presents the results of an integrated process control and revenue optimization audit technique applied to an oil production platform to assess the potential benefits of advanced control systems.
ISSN:0743-1619
2378-5861
DOI:10.1109/ACC.2001.945657