Posts tagged ‘integration’
EnergyIQ Updates Loader with OpenSpirit Integration
EnergyIQ has released their OpenSpirit-enabled EIQ Loader 2.0, allowing oil companies to read data from the IHS EnerdeqML Domestic data feed, and write it to any OpenSpirit-enabled data store. EnergyIQ joined the OpenSpirit Partner Program in October 2009.
“We worked with OpenSpirit and IHS to develop an application that loads data from an IHS Web Services Domestic XML feed into the variety of data stores supported by the OpenSpirit framework,” said Steve Cooper, President of EnergyIQ. “The EIQ Loader is our flagship product, and ensures that commercial E&P data is loaded and updated in a consistent and timely fashion, providing broader and faster access to the available data, thereby ensuring consistency across diverse data stores.
OpenSpirit connectivity extends EIQ Loader beyond PPDM to include other industry databases such as KINGDOM, OpenWorks, Petra, GeoFrame, Finder, and Recall, enabling oil companies to more easily keep date vendor data current in their project database of choice.
With EIQ Loader 2.0 Enterprise, you can perform both base loads and scheduled updates of the IHS Domestic XML feeds to any OpenSpirit-enabled data store. This can be set up for a specific geographic area of interest or across your entire subscription of data. With EIQ Loader 2.0 Desktop, users can receive an area of interest from OpenSpirit-enabled applications (including ArcMap, ArcGIS Explorer, and Web maps) and interactively query the IHS Web service to pull across all relevant data directly into their project database. The data is immediately available for new analysis and project work in their OpenSpirit-enabled tool of choice.
“We are excited about the release of EIQ Loader 2.0. It is an entirely new style of OpenSpirit integration, enabling Internet-based Web services delivery of data immediately into the desktop environment via OpenSpirit services,” said Brian Boulmay, OpenSpirit Director of Business Partners. “This is an innovative example of leveraging internal and external services to streamline access to data and accelerate your projects.”
OpenSpirit Named ESRI Energy Partner of the Year
OpenSpirit, purveyor of E&P data and application integration solutions, received the ESRI Foundation Partner of the Year award for its work in the Energy Sector at the 2010 ESRI Worldwide Business Partner Conference in Palm Springs, California.
OpenSpirit is the energy industry’s open integration and interoperability standard, enabling collaborative workflows and multi-vendor data accessibility among the diverse and complex environments used in today’s E&P asset teams. From ArcGIS Desktop to ArcGIS Server, OpenSpirit integrates with all levels of ESRI GIS technology, facilitating cross-disciplinary mapping and spatial data management workflows between GIS, geology and geophysics, as well as integrating subsurface workflows and data with surface workflows and information, such as Land, HSE, Transportation, Pipeline and other oil company departments.
The award was presented during the annual ESRI Business Partner Conference by Jack Dangermond, President of ESRI, to Brian Boulmay, Business Partner Director, OpenSpirit.
“Through the Partner of the Year Award for the Energy Sector, ESRI recognizes the outstanding contribution OpenSpirit has made in their promotion of spatial data management as a key component of an oil company’s enterprise data integration strategy,” said Dangermond. “Their revolutionary platform enables users to combine the capabilities of the ArcGIS platform with industry-leading geotechnical and geoscience solutions in elegant and highly effective practices.”
Since becoming an ESRI partner in 2000, OpenSpirit has developed a comprehensive suite of GIS tools, including an ArcGIS Desktop Extension, an ArcGIS Explorer Add-in, a Scan Utility that spatializes subsurface databases, an ArcGIS SDE Data Connector, and the integration of ArcGIS Server and ESRI Web services with OpenSpirit REST Web services. Users have the flexibility to leverage their ESRI GIS client of choice, with the simplicity of managing just one integration platform.
“We are honored to receive partner of the year recognition from ESRI,” said Dan Piette, President and CEO of OpenSpirit. “The energy industry is a spatial business, and we have focused on ensuring our technology is integrated with ESRI tools since our company’s inception. This collaboration helps our mutual customers manage their complete business workflows via a single integration layer, and ensures accurate and repeatable coordinate, unit, interoperability, and data access processes. We are continuing this focus in 2010 with the release of several new GIS products.”
Invensys Releases InFusion ECS 2.0
Invensys Operations Management has released the next evolution of its groundbreaking InFusionTM Enterprise Control System (ECS). InFusion ECS 2.0 features new software platform updates and includes:
- Superior integration with the company’s Foxboro I/A Series® distributed control system and SCADA hardware and software offerings;
- Open integration with virtually any other automation or information system; and
- Enhanced platform integration with the company’s latest advanced applications, including its Wonderware® batch, manufacturing execution systems (MES), mobile workforce management, enterprise manufacturing intelligence (EMI) and enterprise business system integration offerings.
With its new capabilities and an integrated offering that can reduce the total cost of ownership, the InFusion ECS 2.0 helps customers consolidate information across their existing automation and information systems. By enabling real-time access to critical business intelligence, industry users are better able to balance competing strategic objectives related to safety, controls, assets, productivity and the environment to maximize their overall profitability.
“Process manufacturing is facing what could be characterized as a perfect storm. The loss of experience as a result of the shifting demographics, the need to operate proactively rather than reactively, the ability to empower knowledge workers with actionable context and more are all new challenges that require changes in our processes and tools,” said Dave Woll, VP consulting services, ARC Advisory Group. “Invensys Operations Management’s ability to use an open technology platform to transcend disparate systems provides the unique opportunity to collaboratively apply Invensys and other best-of-breed solutions. With the InFusion 2.0 solution, it is significantly easier to provide, manage and contextualize information for a wide variety of operations users, allowing them to drive and deliver greater production value in real time.”
Introduced in 2006, the InFusion ECS utilizes open, industry standards-based ArchestrA® technology that easily and affordably unites process and production control with business operations control. The system provides functional object templates for a broad range of control and manufacturing operations applications that work within a single development and management environment. The InFusion ECS can help save significant time, effort and money by improving the ability to view and synchronize information from multiple systems and applications; improving collaboration, execution and operations management across a variety of functions within the enterprise, as well as improving the ability to create and replicate solutions across the enterprise.
Invensys Operations Management also has the world’s largest industrial ecosystem partner network, with more than 3,000 systems integrator, hardware and software companies participating. Many of these partners have been working with Invensys for several years, building complementary expertise and specialized domain solutions utilizing ArchestrA technology. The combined knowledge and proven delivery capabilities of Invensys and its ecosystem partners that use ArchestrA technology can now be leveraged to expand and accelerate InFusion solutions for customers. The installed base of software licenses containing proven ArchestrA technology inside of multiple Invensys brands now exceeds 220,000.
“Our customers tell us that they need to operate a real-time enterprise so they can react to business variables and balance environmental, productivity and control trade-offs without jeopardizing profitability or plant safety,” said Sudipta Bhattacharya, president and CEO, Invensys Operations Management. “Most systems are isolated and only allow optimization within specific processes or plants. The InFusion ECS, however, allows manufacturers to optimize their operations across the entire enterprise. We are very excited to reach the next milestone in the evolution of the InFusion Enterprise Control System, and we are confident it will help our customers accelerate their move toward becoming a real-time enterprise.”
SMT, JewelSuite, CMG Announce Seismic To Simulation Alliance
Seismic Micro Technology (SMT), JewelSuite (part of the JOA Group) and Computer Modelling Group Ltd. (CMG) announced the launch of the Seismic To Simulation (STS) Alliance, which integrates best-of-breed technologies encompassing all three components of the prospect evaluation workflow: interpretation, modeling and simulation.
Each of the member companies is a recognized leader in E&P software, enabling oil and gas exploration teams to identify, visualize and assess subsurface field and reservoir conditions. These technologies contribute to greater productivity and higher accuracy, reducing cycle times and improving efficiency for hydrocarbon extraction.
“The STS Alliance gives customers a resolution to a longstanding industry dilemma,” said Indy Chakrabarti, Director of Marketing for SMT. “Energy companies, historically, have had to choose either a single vendor solution that is integrated but perhaps not cutting edge, or cherry pick top technologies and sacrifice integration. With the STS Alliance, customers can have the best of both worlds.”
The Alliance brings together unique science from each of the partners. SMT offers its patent-pending KINGDOM Illuminator™ technology to improve seismic interpretation speed and accuracy. JewelSuite™ delivers its JewelGrid faulted S-grid modeling approach that overcomes the technical issues that arise from “first generation” gridding approaches. CMG provides high-performance simulation for all reservoir types, including conventional oil and gas and heavy oil.
“This alliance unites three industry leaders, each with a reputation for scientific excellence in a critical aspect of the prospect evaluation workflow,” said Dan Dexter, VP Canada and Marketing, CMG. “This means that for the first time the geophysicist, the geologist, and the engineer can all choose the top technology for their respective discipline and still easily collaborate amongst each other.”
“The traditional single vendor offering frequently meant sacrificing a certain degree of functionality in component workflows in order to gain overall compatibility across the workflow,” said Jim Thom, Director of Strategy and Partnering, JOA Oil and Gas. “Customers could compensate for this by adding niche software to fill in the gaps, but without integration, there is significant productivity loss moving data across solutions. The STS Alliance removes the need for customers to make these sacrifices by bringing together the technology leaders in exploration, evaluation and production phases of field development.”
Intergraph, Skire Partner to Integrate Design and Capital Project Management
Software providers Intergraph® and Skire have formed a strategic partnership to enable engineering, procurement and construction (EPC) companies and owner-operators to integrate their engineering enterprise with project management and enterprise accounting systems for comprehensive project financial visibility into today’s multi-billion dollar CAPEX projects. As part of this strategic initiative, Intergraph is now the exclusive distributor of Skire’s UnifierTM solution in the US and Canadian process, power and marine markets. Intergraph will begin working with clients to identify key opportunities where they can use Skire’s Unifier project management solution and where they can better integrate it within the engineering enterprise.
Intergraph is a global leading provider of enterprise engineering for the design, construction and operation of plants, ships and offshore facilities. Skire is the leading provider of capital program, facilities, real estate and project portfolio management software solutions used by global Fortune 1000 companies, government agencies and educational institutions for managing billions of dollars in capital programs, real estate and IT portfolios.
“By combining the industry’s leading enterprise engineering, design and build project solutions, including our new SmartPlant Construction solution, with Skire’s project and cost management capabilities, Intergraph now offers EPCs and owner-operators a fully integrated approach to quickly, confidently and cost-effectively execute any project,” said Gerhard Sallinger, president of the Intergraph Process, Power & Marine division.
“Traditionally, companies have lacked complete visibility into project management business processes because their data resided in separate, disjointed systems,” said Massy Mehdipour, CEO of Skire. “We are delighted to align with an industry leader in enterprise engineering software to offer users a seamless, end-to-end solution to mitigate risk and substantially reduce project cost.”
SMT Announces Release of KINGDOM 8.5
At the annual SEG meeting in Houston, SMT announced the release of KINGDOM 8.5, which includes the introduction of KINGDOM GeoModeling, the first modular extension of SMT’s KINGDOM Advanced product line announced earlier this year. KINGDOM GeoModeling allows organizations to conduct integrated interpretation and 3D geocellular modeling in a single product. Integrating these two workflows enables interpreters and modelers to share the same workspace during prospect evaluation. This process improvement increases productivity and reduces the time needed to generate and evaluate prospects in more detail and with greater accuracy.
Commenting on the announcement, Stan Abele, VP of Product Management at SMT, said: “KINGDOM GeoModeling is another example of SMT’s ongoing focus to bring advanced workflows to every desktop. With SMT’s new GeoModeling, generalist interpreters can now do what was previously the domain of only specialists – interpreters can create sealed earth models, conduct volumetric analyses and estimate reserves.”
KINGDOM GeoModeling incorporates patented 3D gridding technology from JewelSuite, a powerful, easy to use, Windows-based reservoir modeling software package. Unlike older gridding technologies, the second-generation JewelSuite 3D gridding capability allows complex structural environments to be modeled without compromising the integrity and accuracy of the original structural interpretation. With the incorporation of JewelSuite gridding technology into KINGDOM GeoModeling, SMT now offers best of breed in both interpretation and 3D geocellular modeling in a single, fully integrated product.
“Using the JewelSuite software, our consulting teams – including Gaffney, Cline & Associates, RDS, Epic Consulting and GMI – will be better able to provide the most effective integrated solutions for the most complex reservoirs and development options,” said Nathan Meehan, VP Reservoir Technology, Baker Hughes.
KINGDOM 8.5 has numerous enhancements:
- KINGDOM Data Management 8.5 – Replaces the current OpenKINGDOM Domain product. Maintains the historical features of OpenKINGDOM while providing a platform for new functionality.
- Ability to transfer data between KINGDOM projects – Users can easily select data and create project subsets, combine data from multiple projects, and run QC scripts against KINGDOM projects to check for erroneous results and correct them directly in the interface.
- Ability to save and restore maps and create and apply display templates for all vertical sections.
- Improvements in the auto tracker and usability enhancements that make the interface more workflow oriented.
KINGDOM 8.5 is expected to be available in December 2009. Customers who have purchased OpenKINGDOM Domain will receive KINGDOM Data Management as part of their standard maintenance.
Study: Integrating Risk Assessment with Strategic Planning Boosts ROI
According to a new report released by The Conference Board, the integration of risk assessment data into performance management adds significantly to strategic and operations planning, but few companies have integrated their Enterprise Risk Management (ERM) and performance management processes.
“This integration provides decision makers with a dynamic analytical framework for evaluating operational strategies, acquisitions and divestitures, and capital investments across business units, asset types and risk profiles,” said Ellen Hexter, author of the report, along with Daniel Sandy Bayer, president of Bayer Consulting. “The combination of ERM and performance management is very valuable for strategic and operating plans that have long-term business consequences. A risk-adjusted performance framework offers organizations the ability to explicitly link personal and performance objectives.”
Enterprise risk management and performance management are two complimentary processes essential for the management of an organization. Both disciplines are designed to support organizations’ efforts in making decisions and meeting their goals, ERM through the identification and management of those risks that could affect business objectives, and performance management through the identification and measurement of the drivers needed to achieve results.
Risk-adjusted performance metrics offer managers tools that strike the appropriate balance between meeting performance goals and achieving appropriate returns for the risks being taken. The application of risk-based performance management may also lead to incentives that are more aligned with an organization’s long-term success.
Despite all of these benefits, few companies have integrated these processes. In a recent survey by The Conference Board of 97 senior executives, only 57% of the responding organizations had both a formal ERM program and a performance management program. Of this group, only 43% said that integration of the programs would be extremely or very valuable. When asked if their companies would increase their use of risk assessment data in planning during the next 12 months, just slightly more than half of respondents from companies with both programs (53%) said that was extremely or very likely.
The report concludes that there are three major reasons why organizations are reluctant to include risk assessment data in their planning processes:
- The ERM program is not considered effective – Only 52% of the executives surveyed with both an ERM and a performance management program considered their ERM programs to be extremely or very effective at the corporate level and just 30% rated their programs that highly at the business unit level.
- A lack of commitment from the top – Executives cited a lack of management focus as one of the greatest challenges to the integration of ERM and performance management.
- A need for more sophisticated performance metrics – Only 34% said that their companies use risk-adjusted return on capital at the corporate level, and even fewer (21%) do so at the business unit level. About 73% said that their risk measures were not compatible with their planning metrics.
“Given the dramatic losses suffered by some major companies in recent years, including during the recent financial crisis, boards of directors and senior management will become increasingly interested in ensuring that planning processes throughout their organizations incorporate an explicit assessment of risk,” concluded Hexter.
PetroComputing 