Optimize Production Efficiency using Oil and Gas Simulation Software

As the oil and gas industry comes to terms with “lower for longer” prices, operators are seeking to optimize production efficiency. Put simply, international oil companies are seeking to produce more, for less. Increasingly, those operators making the largest gains in production efficiency are using a combination of oil and gas simulation software and optimization.

Discover how oil and gas production efficiency can be improved through optimization and simulation software:

The role of oil and gas simulation software in meeting the market challenges

• Improve the performance of existing production equipment and processes using simulation led design exploration and optimization.
• Optimize the performance of new production equipment and processes by simulating performance from the early in the design process.
• Adopt a simulation-led design strategy to explore engineering possibilities.
• Perform automated design space exploration study with the HEEDS software.

The webinar covers the following applications for optimization through simulation:

• Minimize cost and riser top tension
• Offshore supply vessel fuel reduction
• Drill bit flow optimization

Benefits of using oil and gas simulation software for design exploration:

• Help to move to simulation-led design and integrate simulation with design
• Explore design options and find solutions more quickly
• Reduce engineering time and cost
• Help the industry transform in the “lower for longer” environment and optimize oil production efficiency
• Enable engineers to spend more time being engineers and less time in simulation process

Success story on how Volnovka reinvented the design process to reduce cost and increase oil production efficiency

Moving from the design of experiments approach to using oil and gas simulation software – Heed, Volnovka reached the following results:

• Evaluated over 150 designs
• Identified 3 groups of designs
• Optimized heat transfer performance by 20 percent
• Reduced manufacturing and material cost

Watch the webinar to learn how digital twins helps oil and gas companies to predict and perfect the performance of their subsea designs, throughout the lifetime of the asset.