Altogether these properties result in tighter integration of technology, data, competency, activities and organisations. The general belief is that these IO concepts will provide “better, faster and safer decisions”, thus resulting in reduced operational costs; longer life-span; and accelerated and increased production. However, new opportunities and challenges for risk assessment and risk management arise in this IO environment, which is explored in the RIO project.
More information about integrated operations can be found at the Center for Integrated Operations in the Petroleum Industry.
Published October 5, 2010