OPEX Secures CNOOC North Sea Predictive Analytics Contract

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Predictive analysis services provider OPEX Group has secured a new multi-million-pound contract with CNOOC Petroleum Europe Limited, for digital services across the company’s UKCS assets.

The three-year contract, with extension options, will see OPEX roll out its X-PAS predictive analysis service on the Buzzard, Golden Eagle and Scott platforms, supporting operations across all topside oil, gas, water and power systems. OPEX has delivered digital services for CNOOC Petroleum Europe Limited for the past seven years through its previous contract with the company.

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The X-PAS service has been developed by OPEX to support oil and gas operators improve the predictability of offshore operations. Combining oil and gas and data science expertise with a range of predictive technologies, the service helps operators to maximize the value of operational data.

OPEX collaborates closely with oil and gas facilities’ support teams to capitalize on this existing data and expertise in a way that enables them to act proactively in order to improve production uptime, solve complex problem areas and help reduce maintenance costs.

Chairman and CEO of OPEX Group, Jamie Bennett, said “This new contract with CNOOC Petroleum Europe Limited is the culmination of several years of close collaboration between our organizations. We are pleased to have extended our scope across the company’s UKCS assets. We have seen a notable shift as the industry is starting to show real commitment to digitalization, which will undoubtedly bring breakthroughs in productivity and safety by using data to create meaningful insights.”

Source: www.worldoil.com

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