DocumentCode
3413628
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
Volume
6
fYear
2001
fDate
2001
Firstpage
4330
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;
fLanguage
English
Publisher
ieee
Conference_Titel
American Control Conference, 2001. Proceedings of the 2001
Conference_Location
Arlington, VA
ISSN
0743-1619
Print_ISBN
0-7803-6495-3
Type
conf
DOI
10.1109/ACC.2001.945657
Filename
945657
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