Enable Enterprise Agility in a Volatile Energy Market
Timely crude oil quality information is a key input to decision making in the crude oil refining supply chain. Timely information provides several advantages, including more secure purchasing decisions, improved operational planning, better allocation of refining resources, and more certain product volume and quality predictions. The quality of crude oil assays impacts a chain of decisions downstream.
Traditionally, assays comprising all relevant crude oil refining qualities require gallons of sample and are slow to measure. Days or even weeks of measurements, complex interpretation and workup software are needed. Best-in-class assay software helps to streamline this process, allowing reconciled, consistent assays to be generated rapidly from measurements. Transferred throughout the business seamlessly and instantly through cloud-enabled technology, this type of software allows every part of the business that requires assay data to access it easily.
The assay measurements themselves, however, remain a bottleneck. To overcome this, innovative measurement technologies are under development to allow assays to be measured rapidly and reliably and this session will focus on such technologies. Using extended-range infra-red measurements and extensive experience in crude oil modelling, the result is full assays from a few ml of crude oil sample within minutes. Coupled with existing enterprise-wide assay software, a new crude sample can be analysed, an assay generated, and updated decisions made in near real-time. Workflows are all in the same toolset, on a consistent basis, with no data transfer bottlenecks to impede the streamlined process.
As an enhancement of enterprise crude assay and knowledge management software, this type of real-time assay process enables a powerful end-to-end technology, which has the potential to revolutionize the quality and timeliness of crude oil data within the crude oil supply chain.
Duration: One Hour
