Title :
Financial benefits of advanced control. Benchmarking and optimization of a crude oil production platform
Author :
Laing, D. ; Uduehi, D. ; Ordys, A.
Author_Institution :
Ind. Control Centre, Strathclyde Univ., UK
Abstract :
Advanced control and optimization techniques provide an effective technique for increasing productivity and reducing operational cost. Petrochemical processes provide good examples in demonstrating the applicability of advanced systems control for revenue optimization. This paper presents the results of an integrated process control and revenue optimization audit technique applied to an oil production platform to assess the potential benefits of advanced control systems
Keywords :
economics; oil technology; optimal control; petroleum industry; process control; advanced control; audit technique; benchmarking; crude oil production platform optimization; financial benefits; operational cost reduction; petrochemical processes; productivity; revenue optimization; Control systems; Environmental economics; Offshore installations; Optimized production technology; Petrochemicals; Petroleum; Process control; Production systems; Productivity; Reservoirs;
Conference_Titel :
American Control Conference, 2001. Proceedings of the 2001
Conference_Location :
Arlington, VA
Print_ISBN :
0-7803-6495-3
DOI :
10.1109/ACC.2001.945657
