10.03.2021
Siwell
Digital technologies are revolutionizing the business model of almost every industry – including the oil industry. Technological advancements, the decreasing costs of digitalization, and the connectivity of smart devices offer real competitive opportunities for oil and gas companies that embrace the digital revolution.
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Siemens Energy Austria GmbH
Digital technologies are revolutionizing the business model of almost every industry. The oil and gas industry is now at the heart of this transformation. Technological advancements, the decreasing costs of digitalization, and the connectivity of smart devices offer real competitive opportunities for oil and gas companies that embrace the digital revolution.
Siemens' SIWELL Artificial Lift Suite provides next-generation well automation systems with artificial intelligence, smart devices, cloud computing, and IoT.
Approximately 40 percent of the world's oil and gas production comes from mature fields that have been in operation for more than 25 years. There are about 175 oil fields worldwide that have been operating for over 100 years. To generate returns even at the end of an oil field's lifespan, operators are increasingly investing in artificial lift systems. This is where Siemens' SIWELL Artificial Lift Suite comes in – a scalable, end-to-end IoT solution for automating and optimizing artificial lift systems. It was developed to optimize oil production and reduce costs through smart automation, edge analytics, and artificial intelligence.
State-of-the-art edge technology from Siemens moves analytics and intelligence from centralized systems directly to the oil fields, close to the wellhead. SIWELL uses existing sensors and intelligent automation components as data sources for analytics to optimize and operate the oil pumps.