Petrostreamz Resource Management™ is a new methodology for asset optimization and exploitation.
Petroleum resources originate as static bodies of oil and gas in underground reservoirs. As these resources are exploited, they flow as petroleum streams into a production system. Streams are mixed and processed, splitting into new streams. Mixing and splitting of streams occurs throughout a labyrinth of wells, surface equipment, pipelines, storage facilities, transportation … with new mixing and products being generated at the final refinery destination. With Petrostreamz Pipe-It™ the end user can manage his petroleum streams and optimize the production of hydrocarbons.
Pipe-It™ has the ability to keep a detailed, quantitative upstream-to-downstream accounting system of the individual components making up petroleum resources. This bridges the work of reservoir engineers, who talks in terms of volumetric rates, to the processing engineers, who talk in terms of component molar rates, and ultimately to managers who talk in terms of currency, revenue, net present value and profit.
With Pipe-It™ a petroleum resource stream can be described simply as crude oil and gas, or it can be quantified with the hundreds of molecular constituents (methane, propane, …, benzene, carbon dioxide, …). It also allows for every conceivable description between simple and complex – LPG, NGL, GTL products, crude oil refinery distillation cuts, wax, asphaltenes, and mercaptons. Why not local currency instead of barrels?
Pipe-It™ allows a Project to be visualized with an intuitive graphical layout design. One visualization can be created to give a clear vision of the Project from a top-level management point-of-view, showing how fields are connected and interact at major process facilities and export terminals. Other visualizations detail sub-Projects like a subsea well template or a satellite process facility, always maintaining the actual connectivity to other elements in the Project. Custom visualizations of the same Project can be made by each individual or team working on a Project.
Pipe-It™ allows an entire Project or elements of a Project to be executed. This might involve executing external computer programs describing performance of reservoirs, wells, pipelines, process facilities, storage and transportation vessels, and final-destination refining. Petrostreamz Project Manager™ allows these 3rd-party programs to communicate using the Project Manager’s engine Streamz.
Not only does Pipe-It™ rely on calculation programs for resource streams, it allows access to measured data provided by online metering and spot testing stored in databases. Sophisticated data management features of the Streamz engine allows measured and calculated data to be compared on a consistent basis in terms of quantity (mass, volume, etc.) and time period (daily, monthly, annual). Once on a common basis comparative stream data can be used as the basis for optimization.