Equinor increases its improvement ambition by 50%
BAKU, Azerbaijan, Sept.22
By Leman Zeynalova – Trend:
This year, Norway’s Equinor company has increased its improvement ambition by 50 percent, from $2 to $3 billion, the company told Trend.
This was achieved by scaling broader across the company’s global portfolio, reducing maintenance, drilling and facility cost and implementing digital solutions faster than expected, said Equinor.
The company said it applies digital tools through its integrated operations center (IOC). “At the IOC, we are streaming operational data live from more than 25 fields, as well as onshore plants.”
“As with all improvement projects we measure how this impacts among other cost, safety and operational efficiency. Our speed of implementation of new digital solutions has delivered a cashflow impact of more than 400 million USD, mainly due to earlier start-up of Johan Sverdrup and increased uptime on assets connected to our integrated operations centre,” the company said.
“We have strong focus on IT security and continuously assess the risks related to our operations. In our digitalization efforts we work with some of the world’s largest suppliers of such services, and collaborate also with them to ensure the safety of our data.”
Equinor has set an ambition of increasing the value creation from NCS fields by more than USD 2 billion from 2020 to 2025 through measures such as onshore operations support (Equinor share before tax).
By 2021, all Equinor fields on the NCS will be supported by manned onshore centres in Bergen, Stavanger and Stjørdal.
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