ITPS presented AVIST Oil&Gas solution at the Intelligent Field Conference

Experts from the ITPS Group of Companies presented the company's proprietary AVIST Oil&Gas solution at the "Intelligent Field: Innovative Technologies from Reservoir to Main Pipeline" conference in Sochi. Konstantin Romokhov, Chief integrated modeling management specialist at ITPS, gave a presentation on the real-time management of a gas condensate field development.

AVIST Oil&Gas helps companies optimize asset development and operational processes. The speaker noted that the prerequisites for the creation and implementation of the Digital Field in the given example were the need to ensure constant and prompt access to quality data, the automation of processes for preparing analytical information for decision-making, and report preparation. Overall, this enables well downtime to be reduced by up to 20% and condensate recovery to be maximized over the full asset development horizon.

 Digital Field based on AVIST Oil&Gas is a unified information environment that connects production information systems and digital models including forecasting tools. The approach adopted in the gas industry today involves the use of a hydrodynamic model, in which the calculations can take up to several days. The AVIST Oil&Gas approach uses a simplified integrated model. This allows the necessary calculations to be performed and an approved optimal technological mode to be obtained during one working day. "Business processes built into a chain allow for the achievement of automation at various levels, from reverse distribution to forecasting and monitoring of the technological mode implementation at production wells. This increases production and reduces shortfalls to 5% thanks to timely decision-makingKonstantin Romokhov

Chief specialist of the integrated modeling department of ITPS

The conference brought together leading industry experts, including representatives from Gazprom Neft, INK, Surgutneftegas, the Institute of Oil and Gas at the Russian Academy of Sciences, and others. Participants discussed issues of digitalization in the oil and gas industry including advanced technologies for collecting and processing geological information and innovative methods for diagnosing and repairing main pipelines. Particular attention was paid to information security, personnel training, and potential applications of large language models in geological exploration and field development.

Photo by: Igor Dikin