Page 15 - Euroil Week 09 2020

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NEWS IN BRIEF
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Since the first smart contract was signed a year and a half ago, large volumes of data have been sent back to the mainland. This became the start of an entirely new collaboration with Aker BP, Framo and Cognite working together as a joint project team.
Digital dashboards have now been developed based on sensor data from Cognite Data Fusion (CDF) and algorithms from Framo. A dedicated incentive model has been negotiated around these elements.
“Basing contract models on real-time data has been uncharted territory,” says Framo Services managing director Trond Petter Abrahamsen. “With the release of these data flows, Framo has been able to predict the condition of equipment, foresee what will happen with the pumps in the future, and in turn plan effective maintenance. Together
with Aker BP, we have altered the traditional approach to maintenance. We are now continuing this cooperation into the future and over to other fields.”
Framo (Norway), March 5 2020
Czech Rep’s Unipetrol to run
pilot pyrolysis testing plant
with ETIA in Czech Rep
The company ETIA, a subsidiary of Norwegian company Vow ASA was awarded a contract to provide a pyrolysis testing plant for processing of waste plastics and polymers for the Czech energy company Unipetrol belonging to PKN Orlen group, online magazine Chemical Engineering reported on February 26.
The pilot plant, which is expected to be operational during 2020 is to be financed by public funds under the operational programme Enterprise and Innovations for Competitiveness.
“This award shows our strong technology portfolio becoming relevant for the oil refinery and petrochemical industries as they are changing focus towards plastic waste recycling. It really aligns with our forward strategy to expand Vow into new verticals for growth,” said Vow ASA CEO Henrik Badin, cited by magazine.
Unipetrol is the largest refinery and petrochemical group in the Czech Republic with distribution throughout Central and Eastern Europe. In January, the company reported a drop in net profit to €28.8bn in 2019.
bne IntelliNews, March 5 2020
Slovenian household gas prices down 3% q/q
Average natural gas prices for household consumers in Slovenia fell by 3% q/q in the
Week 09 05•March•2020
fourth quarter of 2019, while electricity prices for household consumers went down by 5% q/q, the statistics office said on March 5.
The average natural gas price for households was €0.06/kWh. The average natural gas price without value added tax for non-household consumers in the fourth quarter was €0.03/kWh, which is a 9% increase over the previous quarter.
In the period under review, the average electricity price for household consumers was €0.1 /kWh.
The average electricity price without value added tax for non-household consumers
in Slovenia was €0.08/kWh, which is a 2% increase from the previous quarter.
bne IntelliNews, March 5 2020
Northern Lights well completed
Equinor and partners Shell and Total have completed the drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea. The purpose was to determine the suitability of the reservoir in the Johansen formation for CO2 storage.
“This is an important milestone in realising the possibility of a CO2 storage on the Norwegian continental shelf,” says Geir Tungesvik, Equinor’s senior vice president for project development.
“The preliminary results from the well so far have been positive. The drilling results will now be further analysed before concluding,” says Tungesvik.
Extensive amounts of data have been acquired through coring, logging, sampling and a production test. So far, we have proven a sealing shale layer and the presence of good quality sandstone in the reservoir.
The partners in Northern Lights are analyzing these results as part of their final project’s decision process.
In line with a shared vision to stimulate necessary development of future CCS-projects (carbon, capture and storage) through sharing, the partnership has decided that well data can be freely shared with external parties and the information will therefore be available for download. The solution is not yet decided.
Located some 2500 metres below the seabed, this is the first well drilled in exploitation licence 001. If the Northern Lights project is sanctioned, the well will be used for injection and storage of CO2.
The Northern Lights partners plan for a potential investment decision in the spring of 2020. Such an investment decision is subject to agreement between the partners and government authorities on an implementation agreement, as well as ESA approval of the project. The project is subject to final approval by Norwegian authorities.
Equinor (Norway), March 5 2020
Equinor and Shell collaborate on digital solutions
Equinor and Shell have signed a memorandum of understanding on digital collaboration to develop solutions and methods together through the exchange of expertise within areas like data science, artificial intelligence and 3D printing.
The collaboration is expected to entail co- innovation across the whole value chain, such as maintenance, production optimisation and supply chain management.
“We are already collaborating closely in the Open Subsurface Data Universe (OSDU) initiative and see many mutual benefits
as both companies have applied cloud- based digital solutions as an approach to
our industry’s digital transformation. Such collaborations are increasingly important to strengthen safety, reduce carbon emissions and realise value by applying digital technologies,” says Torbjorn F. Folgero, chief digital officer in Equinor ASA.
The agreement will be further detailed on a project basis. It will enable the companies an agile foundation to explore specific digital initiatives and projects.
Torbjorn F. Folgero, chief digital officer in Equinor ASA.
“Open Innovation is key to accelerating digital innovation across the energy industry. Collaborating and building on others’ strengths is critical to deliver competitive and affordable technology. We are excited about this opportunity to co-develop digital technology with Equinor,” says Alexander Boekhorst, vice president for digitalisation and computer science in Shell.
Equinor recently increased its 2025 improvement ambition by 50%, from $2-3bn mainly due to scaling digital solutions across our global portfolio faster than expected contributing to increased production as well as reducing maintenance, drilling and facility cost.
The speed of implementation of new digital solutions has already delivered a cashflow impact of more than $400mn in 2019, mainly due to earlier start-up of Johan Sverdrup and increased uptime on assets connected to our integrated operations centre.
“Forming new partnerships and working closer with our suppliers is critical to further deliver on our improvement ambition,” says Folgero.
Equinor (Norway), March 5 2020
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