Carbon-aware planning

A company must understand its carbon footprint in order to reach sustainability goals. Carbon-aware planning gives oil and gas teams the tools they
need to analyze the impact of altering feedstock or intermediaries during processing, examine the carbon footprint of products such as chemical feedstock, bitumen, and lubricants, and begin to evaluate the impact of alternative feedstock such as renewables, synthetic feedstocks, or simple biofuels to blend with the final product.

Process digital twin energy and emissions management

Process digital twins are saving capital project teams hundreds of thousands of dollars during green and brownfield engineering initiatives. Now, the solution is being adapted to enable oil and gas teams to calculate their carbon reduction potential and identify where the greatest gains can be achieved. 

Unified production and emissions accounting

Sustainability requires unified systems. A typical production accounting system calculates fuel and loss,
but unified production and emissions accounting goes a step further. These systems break down combustion
and total physical loss into process emissions, solid and fluid effluence, and unaccounted loss. This data can
then be used to benchmark emissions against industry standards to identify at a granular level mitigation
measures. New tools and technologies can enable oil and gas companies to track and manage all carbon emissions.
With real-time insights, operators can quickly see the carbon intensity of various feedstock as well as the
emissions information pertaining to various operating conditions. This information allows operators to
select the feedstock that helps the company achieve sustainability goals. To reach net-zero goals, a european multinational oil and gas company set up CO₂ emissions tracking for its refinery operations. The company implemented an improved, easy-to-use planning tool to standardize global CO₂ modeling across the network of refineries.
Now, the team can quickly model many different scenarios to make informed decisions and uncover new
ways to improve margins.

Advanced technology: End-to-end
optimization

End-to-end value chain optimization that helps you to redefine your processes, enable deeper collaboration, reduce value leaks, sustain productivity and innovation, and ultimately make better and more robust decisions quicker across your operations lifecycle. There are several key technologies are important in enabling end- to-end value chain optimization including:

Artificial Intelligence (AI):

AI helps augments the
human decision-making process by analyzing
tremendous amount of data and present acceptable
alternatives to the operator. For example, Idemitsu
Kosan deployed AI at its Hokkaido Refinery to
increase agility and enhance decision making.
Analytics automatically generate and evaluate
multiple schedules and anticipated events within the
complete supply chain, which allows the company to
accomplish a days’ work in mere seconds.

Cloud Computing:

Cloud computing provide on- demand availability of computer resources via the internet. These resources, like computing power, are scalable. Utilizing scalable computing power allows
problems to be solved my faster. BP used cloud computing to improve the models they use to make
crude purchasing decisions. Thanks to the cloud, BP can run analyses in four minutes instead of seven hours.

Strategic insights equal massive savings

No stranger to global market volatility, oil and gas producers are using a mixture of Industrial IoT, big data, advanced visualization, and artificial intelligence to connect the entire operations across value chains and maximize return on
investment. The Abu Dhabi National Oil Company (ADNOC) is the state-owned oil company of Abu Dhabi and one of the world’s leading energy producers. The oil and gas companies developed its Panorama Digital Command Centre, which is a fully integrated, real-time data visualization center that empowers ADNOC’s sharpest minds to gain insights, unlock efficiencies, and identify new ways to optimize operations. Thanks to insights from the Unified Operations Centre, ADNOC saved between $60-100 million.

The path towards optimization

Creative thinking and innovation are imperative for oil and gas companies to solve key challenges in today’s
volatile market. Organizations must be unafraid of change and continue to push towards operational
efficiency. When oil and gas companies commit to business transformation, they become smarter, more
agile, resilient, and competitive – no matter what the market does. Getting on the path towards optimization requires
companies to establish a clear vision. Here are four steps to optimize your operations to build agile,
sustainable operations.

1. Unify your supply chain:

Optimizing supply chain operations requires a unified supply chain. Deploying a single, end-to-end enterprise application across all supply chain activities increases visibility, collaboration, and knowledge-sharing, which results
in better, faster, and more accurate decision making.

2. Focus on operational efficiency:

Better efficiency improves sustainability. Oil and gas can optimize every part of the value chain by using a single
solution for order and movement management and blending optimization. This will enable greater efficiencies and performance by order, movement, inventory management, blend optimization, online control, and yield accounting.