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OPEX secures North Sea predictive analytics contract

OPEX secures North Sea predictive analytics contract

 

Predictive analysis services provider OPEX Group has secured a new multi-million-pound contract with CNOOC Petroleum Europe Limited, for digital services across the company’s UK Continental Shelf (UKCS) assets.

The three-year contract, with extension options, will see OPEX roll out its X-PAS predictive analysis service on the Buzzard, Golden Eagle and Scott platforms, supporting operations across all topside oil, gas, water and power systems. OPEX has delivered digital services for CNOOC Petroleum Europe Limited for the past seven years through its previous contract with the company.

The X-PAS service has been developed by OPEX to support oil & gas operators in improving the predictability of offshore operations. Combining oil & gas and data science expertise with a range of predictive technologies, the service helps operators to maximise the value of operational data.

OPEX collaborates closely with the support teams of oil & gas facilities to capitalise on this existing data and expertise in a way that enables them to act proactively in order to improve production uptime, solve complex problem areas and help reduce maintenance costs.

Jamie Bennett, Chairman and CEO of OPEX Group, said “This new contract with CNOOC Petroleum Europe Limited is the culmination of several years of close collaboration between our organisations. We are pleased to have extended our scope across the company’s UKCS assets. We have seen a notable shift as the industry is starting to show real commitment to digitalisation, which will undoubtedly bring breakthroughs in productivity and safety by using data to create meaningful insights.”

Source: bindt.org

Published: 22-11-2019
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