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RIPI Acquires RTO Knowhow.

Summary: TEHRAN (FNA)- The Research Institute of the Oil Industry (RIPI) has acquired the technical knowhow of Real-Time Operation (RTO) systems, officials said.

The announcement was made by Mehdi Ahmadi Marvast, who added that these systems update the processes automatically.

He said deploying the knowhow in the oil industry will bring 200 million dollars in profit for the country each year.

Along with deploying the systems in downstream sector, the RIPI has conducted numerous studies for deploying the technology in upstream sector, Ahmadi said.

He added that Real-Time Production-Operation (RTPO) systems are one of the most important technologies in the upstream sector for optimizing production and costs in oil and gas fields.

"Boosting oil production, minimizing downtime, reducing operation costs like lifting, replacing field surveillance by automatic processing of data, improving recovery rate from oil reservoirs, preserving reservoirs, falling energy consumption, prevention energy waste, improving HSE indices and better management of reservoirs are among the advantages of the system," the official noted

According to Ahmadi, RIPI has studied a number of technologies since six years ago and decided to choose RTO technology as the best solution with high potentials.

Companies worldwide have been investing in solutions to provide production and cost optimization. As a result, Real-Time Operation Systems have been used to help in achieving these objectives.

Working as an integrated multi-disciplinary approach, real-time production-operation systems enable the maximization of oil and gas production of assets at lower costs, while providing a better understanding of the current scenario of oil and gas fields.

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Publication:FARS News Agency
Date:May 25, 2013
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