Release date: May 3, 2019
BP America Chairman and President Susan Dio, along with a panel of other industry executives, will discuss the future of offshore development in a session that explores how companies are preparing for the new world of digitalization, automation and machine learning.
Dio will cover subjects ranging from the energy transition to BP’s decision to establish a $100 million fund for projects that will deliver new greenhouse gas emissions reductions in its upstream oil and gas operations.
Gordon Birrell, BP chief operating officer, production, transformation and carbon, will give a keynote speech on “Advancing the Energy Transition: Meeting Energy Demand While Reducing Emissions.”Birrell will talk about producing more energy while bringing down costs. He also will discuss the need to move to a lower carbon world by reducing emissions fast and at scale to meet the world’s expectations.
The theme of BP’s technology exhibit is the Connected Upstream, the company’s upstream showcasing of its digital programs. This consists of three main elements:
The following technologies will be featured this year:
This demonstrates BP’s pioneering efforts in seismic imaging and the development and deployment of the company’s technology. One of those efforts is Project Cheetah, which has the potential to revolutionize how onshore seismic surveys are conducted. Using cheaper, lighter seismic conductors could open vast tracts of remote, tricky landscape, while dramatically increasing the number of seismic recording channels.
Wolfspar is BP’s new ultra-low-frequency seismic technology that can generate images that conventional seismic sources have not previously been capable of producing. It does this by emitting very low-frequency seismic signals that give better control over the velocity models used in seismic imaging.
BP Ventures identifies and invests in private, high-growth, game-changing technology companies, accelerating innovation across the entire energy spectrum. Since 2015, BP has invested $100 million in new technology companies that directly support BP’s upstream activities.
One Map is an enterprise geographic information system that enables all users to manage, share and use spatial data and related information to address a variety of needs, including data creation, modification, visualization, analysis and dissemination.
Lytt is a new digital unit focused exclusively on developing fiber optic sensing and analytic services for BP and its partners. This breakthrough in analytics enables BP to maximize production and long-term recovery of oil and gas.
APEX is a digital twin of BP’s production system, bringing together physics-based models and data from reservoir to export to monitor, simulate and optimize production. Deployed to 30 BP assets across the globe, it allows engineers to add 19 million barrels of oil equivalent per day of net annualized production.
BP demonstrates the use of robotic inspections, which help remove people from harm’s way. Applications include inspecting platform ballast tanks or capturing X-rays of insulated pipelines.
Augmented reality smart glasses are being used for executing field assurance in remote locations — offshore and onshore — around the world. BP has conducted over half a dozen field trials in the North Sea, Gulf of Mexico and Middle East.
This year marks the 50th anniversary of the Offshore Technology Conference, which showcases leading-edge technology for offshore drilling, exploration, production and environmental protection. More than 60,000 people representing over 100 countries are expected to attend.