The opportunities of the global energy market belong to those who approach them with a comprehensive understanding of risk. Equally important is the ability to implement solutions and uniform standards across geographies. That’s why DNV’s global presence is so highly valued by our customers in the energy sector. No matter where you conduct your business, DNV is close at hand and prepared to help. Our international organisation comprises a network of more than forty offices spanning Europe, Africa, Middle East, Asia and the Americas.

"How an asset performs is the function of how the entire value chain works as an integrated whole."

Critical issue
Identify revenue and cost improvement initiatives and the associated effect on value chain performance.

Solution
A comprehensive solution for all assets in regional or worldwide portfolio, based on cutting-edge computer simulation programme.

Key deliverables
Assessment of current value chain performance. Review of ongoing improvement initiatives. Portfolio forecast of production and OPEX year-on-year.
Ranking of improvement initiatives.

Value to client
Improved total performance of asset portfolio through better overview and more effective utilisation of resources.

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“If we could improve performance from our existing oil and gas assets by 5 per cent, it would be like bringing a whole new field on-stream.” This statement, from an oil major executive, pinpoints the key business rationale behind DNV’s solution for performance forecasting in the energy industry. How an asset performs is the function of how the entire value chain works as an integrated whole. The full improvement potential can therefore only be realised by applying a holistic perspective.

This philosophy is at the heart of DNV’s model for performance forecasting, which is having significant impact on the way many major oil and gas companies manage their assets – in fact contributing to a new worldwide standard.

Based on advanced computer simulation modelling, DNV’s solution comprises the entire supply chain from reservoir to distribution.

• The first step is to identify the various performance improvement initiatives along the value chain. Notably, the initiatives must not compromise safety or asset integrity.
• Next, the year-on-year production efficiency from all the field initiatives are predicted to identify the efforts that will yield the greatest payback.
• Finally, the forecasting is applied in a consistent fashion across the portfolio of assets that constitute the supply chain or business unit.

Key to the success of the solution has been DNV’s ability to build the programme seamlessly into the company’s life-cycle development planning. Equally essential is the global presence of DNV’s expertise, which provides the customer with full support, including local execution of the programme.