How do you view the role of digital in helping operators balance their production targets with emissions reduction?
Today, emissions data cannot exist in a silo and at the same time have any significant impact on the business outside of compliance. This data needs to land with other data, including from production, in real time to enable key decision makers within the business to make better, more informed decisions on compliance and production operations.
But bringing all this data together, and making it relevant to the user, is a major challenge.
To get past this hurdle, we provide SEES customers with a digital platform that enables them to integrate emissions data with data from their other processes. This enables us to provide tailored service offerings that are designed to help them optimize their emissions reduction initiatives. We help our customers cut through the noise of different vendor data formats and interpretation and focus on action that can make real impact for reduction. Using this platform, our customers can start to do things like correlate equipment with leaks, design optimal inspection programs or triage which opportunities to tackle first, based on historical data from their assets. This results in a new set of opportunities for stakeholders when they begin to recognize that their emissions data can be used to inform these decisions without manual and expensive data wrangling.
Let's dive more into the integration. What does it entail?
What you often see is in-house teams piloting emissions monitoring technologies, stringing together dashboards to meet the initial needs of this business. This may work fine for a time, but it’s not sustainable in the long term as the needs of the business change.
With the growing importance of methane and flare emission reduction for business, combined with the push for continuous operational performance improvement, it doesn’t pay for IT and asset teams to be shortsighted.
In the very near future, end users will need to do more with emissions data, including creating AI models for more predictive monitoring. The system will need to scale to meet these needs. On top of this, maintenance of this system will be required to address dynamic vendor and regulatory requirements. The data will also need to be easily accessed, verifiable and auditable for it to be trusted. That’s hard to do, if not impossible, without a seamless, consistent and secure digital environment—and that takes continuous investment and maintenance.
SEES wants to simplify the management of different vendors and formats and make it easy and flexible to integrate emissions and operations data, analyze the data, and inform high-value tasks that improve performance and reduce emissions.
What are the most important takeaways from our conversation today?
When it comes to integration, it’s important for IT and asset teams, and their end users, to know that simply landing data in one place doesn’t mean that it can be trusted for decision making. This data needs to be given the proper context to be useful. It also needs live in a seamless, consistent environment that isn’t going to break as the needs of the business grow and that supports rapid experimentation and learning.
Finally, emissions data needs to satisfy business-critical compliance and reporting needs, but it must go beyond this. To fully optimize oil and gas operations today and throughout the energy transition, this data needs to enable proactive rather than reactive emissions abatement strategies and enhance overall production performance at a lower emission intensity per barrel. Data platforms and digital ecosystems that bring data from across operations into context for end users and enable on-the-ground action are vital to making this possible.