Improving Operating Margin
In the oil and gas industry, the key sources of value are the Return On Capital Employed (ROCE) and the ability to Maintain Your License to Operate. Through digital transformation using KBC Petro-SIM by Yokogawa, companies can boost their operating margin by increasing revenues and reducing costs for every dollar invested. This transformation also leverages advanced technologies to enhance safety measures and decrease the carbon footprint of operations.
Enhancing Production Efficiency
One of the primary goals of implementing KBC Petro-SIM is to drive increased production efficiency. By utilizing near closed-loop digital twins and integrating tools like Petro-SIM® and Visual MESA®, companies can enhance operational agility, maximize uptime, and optimize the profitability of each unit of feedstock. This integration allows for production schedules to be operationalized by the Integrated Control and Safety System (ICSS) and Procedural Automation, ultimately boosting the efficiency of operations and process engineering teams. Real-time production accounting also tracks yield and CI Score, providing valuable insights for future simulation runs. These efficiency gains can lead to an increase in production efficiency of up to 15% or more.
Technology Solutions for Operational Performance
KBC Petro-SIM by Yokogawa offers a comprehensive suite of technology solutions aimed at enhancing operational performance. By integrating IT and OT systems, companies can streamline processes, improve decision-making, and drive innovation. The seamless integration of Petro-SIM® and Visual MESA® simulation tools enables a holistic approach to asset management, empowering organizations to optimize their operations for maximum efficiency and profitability.
Driving Business Model Future Proofing
Through its transformative capabilities, KBC Petro-SIM by Yokogawa plays a crucial role in future-proofing business models in the oil and gas sector. By leveraging advanced technologies and data analytics, companies can adapt to changing market conditions, regulatory requirements, and technological advancements. This proactive approach ensures that businesses remain competitive, agile, and resilient in the face of evolving industry landscapes.
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