(PRESS RELEASE) MOSCOW, 27-Dec-2019 — /EuropaWire/ — LUKOIL has just announced its integrated production modelling, used for commercial operation at the company’s West Siberian assets has been named the winner of the ComNews 2019 award for Best oil and gas IT project.
The model is in fact the most extensive digital production system in Russia, in terms of well and process facilities count. LUKOIL’s advanced digital tool allows control over 12 development assets and over 1600 production and injection wells. The Process and Engineering Center deploys this model as part of the intelligent fields project at South Yagun, East Ikilor fields and neighboring areas of other fields of West Siberia in Russia.
According to LUKOIL, the new digital model and the computerization of key production management processes it offers, increase the overall efficiency of producing entities, optimize production, disclose available reserves, map out priority-based action plans and improve the quality of validation of operation modes for production and injection wells.
Held annually, the ComNews Awards is meant to recognize innovative and breakthrough projects of digital transformation in Russia’s ten key industries.