31/01/2017

EnerMech Launch Alliance With GE Oil & Gas and PDI To Maximise North Sea Oil Recoveries

EnerMech, GE Oil & Gas and PDI today launched eMERge, an innovative partnership supporting existing and new entrant E&P operators to maximise economic recovery of reserves.

This strategic alliance will offer a differentiated range of integrated production and operational support services across the hydrocarbon value-chain. The proposition is underpinned by innovative outcome-based solutions and funding options that align goals to ensure the benefits identified are unlocked.

The alliance combines GE’s technology, state-of-the-art digital solutions, products, services and financing capabilities, with EnerMech’s installation, commissioning and operational capabilities and PDI’s project management and engineering expertise.

The range and scope of service has been developed to ensure that both existing and new entrant operators can access integrated production, operations and maintenance optimisation support services to maximise asset value creation. 

The alliance will:

 Help identify opportunities to increase productivity while reducing operating costs and downtime through unplanned outages

 Offer services including project management, topside and subsea engineering, construction and commissioning, and field optimisation solutions

eMERge aims to mirror the objectives of the Oil & Gas Authority’s Maximising Economic Recovery (MER) initiative, and will focus on supporting operators to extend the economic lifecycle of assets by leveraging a combination of new digital technologies, advanced engineering capabilities and innovative financing and business models. New E&P entrants will also be able to access an Integrated Production and Operations support service.

GE’s digital technologies like Predix – the world’s first and only operating system built exclusively for industry - will help operators drive transformational business and financial performance by closing the gap between their operational assets and the data they generate. Advanced software solutions can provide operators with tools to monitor and optimise the performance of their assets, predict problems that would impact production, and thereby enable proactive intervention to reduce production outages and system downtime.

Nick Dunn, Subsea Services & Offshore Leader at GE Oil & Gas, said: “This collaboration between three proven leaders in their respective fields has the potential to deliver real value and much-needed support for North Sea operators, who are under escalating pressure in the current climate to produce more for less.

 “The goal is to provide new ways to stimulate and optimise delivery, improve productivity and optimise operational expenditure, thereby maximising the economic recovery of the asset and extending field life beyond current Cessation of Production dates. The consortium will help operators identify opportunities they may have otherwise been unaware of, or are unable to access, through the development of innovative finance and commercial models.”

EnerMech Chief Executive Officer, Doug Duguid, said: “All parties are committed to the North Sea region and deeply focused on helping operators drive productivity and efficiency improvements. There is a consensus across the industry that extending the life of producing assets will be critical to the basin’s future and by working together we hope to be able to provide operators with the support they need to address these challenges.”

Mark Preece, Executive Vice Chairman for PDI, said: “This new consortium is ideally placed to tackle many of the biggest challenges confronting North Sea Operators today.”  

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