Step 1: Increase Operational Efficiency
That’s it! You’re done!
Okay maybe not quite, but it’s an important and attainable first step toward reducing emissions and reaching those energy transition goals. That’s because by increasing operational energy efficiency, emissions can be decreased by approximately 20% (!).
It’s an easy, low-hanging fruit for all companies to go after without the need for substantial investments.
So how can companies increase energy efficiency?
By clearly visualizing certain missions and their associated costs, having the ability to flag emissions, find root causes, and monitor flaring energy consumption and the associated emissions.
Simply put, they need to identify how to achieve operational improvements – and then do it.
Companies who want to take it a step further can. It requires more effort but has substantial rewards. They can increase diversification by, for example, retrofitting in terms of electrification, photovoltaics, carbon capture and storage, and by using cleaner energy sources.
During our event, Wouter Daniels and Luis Carretero discussed these topics and demonstrated how self-service analytics can be used to complete these energy transition steps with use cases: one solving a recurring flaring event and another a post-implementation review of a retrofit towards renewables.
Don’t Get Left Behind
Energy transition is one of most pressing issues for the Oil & Gas industry. And although the industry is experiencing tremendous change, it can use this time as an opportunity for innovation and improvement.
Self-service analytics is key as it can help experts understand their processes much faster and on a deeper level by allowing process experts to answer these crucial questions:
- Has it happened before?
- What is the cause?
- How can we solve it?
Additionally, since self-service analytics works with time series data and contextual information such as quality data, maintenance information, shipped logbook entries, failure reports, and more, it provides process experts with a comprehensive view and understanding of the processes. Now, using self-service analytics, Oil & Gas companies and organizations in other process manufacturing fields can begin their energy transition by first improving operations to increase energy efficiency. It really is that simple.