How Oil & Gas Technology Investments Help Executives Secure Project Payback in a Low Commodity Price Environment

This event was recorded on October 3, 2017 and is now available for on demand viewing.

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Webcast Description:

Research shows that 65% of multi-billion dollar startup projects exceed their budget. Likewise, 73% miss their original deadlines. Parallelly, the fall in oil prices has driven Oil & Gas executives to focus on reducing production costs. However, are the benefits accrued from this price-influenced cost cutting only temporary or can they be made permanent and sustainable?

Experience evidences the link between influence over costs and project stage. Each specific project lifecycle phase – from conception and front-end design to daily operations-incorporates specific solutions for maximizing profitability. Engineering and integration technologies designed to optimize existing architectures, increase production efficiency, and improve safety performance are currently available and are powerful tools for succeeding in today’s challenging marketplace. This webcast will explore how Oil & Gas companies can reinvent their control engineering processes, and leverage these tools to sustain and improve project delivery payback and operational efficiencies.

During this session explore how to:

- Get up to 20% on CapEx and up to 25% on OpEx savings with a new power distribution approach
- Get up to 14% on CapEx and up to 9% on OpEx with an integrated process, power and safety management
- Implement virtual reality training simulators to secure higher uptime operations and to accelerate the training of Millennian new employees.
- Correct potential errors at earlier stages of the project with engineering simulation tools.

Presented by:


Eric Koenig
VP Oil & Gas Strategy
Schneider Electric

Eric Koenig is responsible for Schneider Electric Oil & Gas segment strategy and marketing. He holds master's degrees in Automation and Business Administration from the INPL Universi-ty in Nancy, France. In addition to his current position in the Oil & Gas segment, he has broad industrial automation and energy efficiency systems experience. He has also been involved in Schneider Electric business acquisition activities over the last fifteen years.

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