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Financial benefits of advanced control benchmarking and optimization of a crude oil production platform

Laing, D. and Uduehi, D.O. and Ordys, A.W. (2001) Financial benefits of advanced control benchmarking and optimization of a crude oil production platform. In: American Control Conference (ACC), 2001-06-25 - 2001-06-27.

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Abstract

Advanced control and optimization techniques provide an effective technique for increasing productivity and reducing operational cost. Petrochemical processes provide good examples in demonstrating the applicability of advanced systems control for revenue optimization. This paper presents the results of an integrated process control and revenue optimization audit technique applied to an oil production platform to assess the potential benefits of advanced control systems.