Impressed by how Aera Energy “has digitally transformed its oil and gas business,” OSIsoft awarded Aera its prestigious 2018 Digital Impact Award.
OSIsoft, a leading software developer, announced the award April 24 at its annual PI World conference in San Francisco.
Judges said Aera’s use of OSIsoft’s application software, known as the PI System, had produced an “incredible” business impact by reducing costs by $14 million in 2017.
“Aera Energy’s ability to continuously enhance and improve operations within its business by using data keeps them at the forefront of innovation,” said judge Cindy Crow, OSIsoft global industry principal for oil and gas and petrochemicals.
“This type of impact is what OSIsoft strives to achieve with each of its customers, and we’re proud to honor Aera Energy’s achievements this year,” Crow added. “Aera has developed an exceptional engineering and surveillance system. With OSIsoft’s PI System as an infrastructure, [Aera’s] digital transformation has . . . allowed operational excellence, leveraging engineering competency and creating a new-normal cultural competency.”
Implemented at Aera in 2015, the PI System allows users to access near real-time operational data to gain valuable insights into field operations. OSIsoft’s PI System is used by companies worldwide, including Shell and ExxonMobil.
“Innovation and technology like OSIsoft allow Aera to keep its promise to the millions of people in California that count on us every day to get to work, help their businesses grow and thrive and get California-grown food to their dinner tables,” said Aera’s Aimee Blaine, senior vice president of technical. “In today’s world of lower for longer oil prices, we remain focused on removing costs from our system and this technology has helped our people do that in a very big way.”
‘Like learning to see all over again’
Winning the award was a surprise, “but maybe it shouldn’t have been,” said Aera’s Bob Gwinn, manager of technology for the production monitoring team.
Gwinn’s team partnered with Aera’s PI group in early 2017 to improve operations at the Belridge field. Located northwest of Bakersfield, Aera’s Belridge operation produces nearly 80,000 barrels of oil equivalent per day.
“Within the first few months, PI solutions with big-dollar and time savings started popping out,” Gwinn said. “Looking at near-real time data on wells and equipment, rather than daily averages, was like learning to see all over again.”
The PI World conference drew more than 2,500 attendees from 650 companies representing nine major industries, including oil and gas.