“Digitalization drives the next wave of improvements. And when it comes to digitalization, we need help,” said Per Haaland, Vice President of Drilling and Wells at Equinor.
Close to 70 people in the oil and gas and maritime industries gathered at Fevik Strand Hotel Tuesday to learn more about Equinor’s project and investment plans, and to align with the dominant Norwegian operator on the Norwegian Continental Shelf.
Digitalization, a strategic focus area for GCE NODE since 2014, is considered a key issue for Equinor. The company estimates that digitalization represents an annual value creation potential of more than 2 billion dollars!
“We currently have 1,200 wells in operation. Who knows if they continuously run at the most efficient level. Digitalization in the form of more sensors, more data and better data analysis, could help optimize operations,” said Haaland.
According to Equinor, there is a further 30 per cent cost reduction potential in developing “Field of the Future”, which includes remote operations, and a 15 per cent cost reduction potential in developing automated drilling.
“We would like to implement a model similar to what we find in aviation, where pilots fly the plane 3 per cent of the time and 97 per cent of the flight is automated,” said Haaland.