Case studies
MORE THAN MERELY MONITORING
SkidIQ Technology Enhances Natural Gas Production, Boosts Revenue Generation
Background
SkidIQ expands asset connectivity through a customer-centric digital ecosystem, facilitating the transition to decarbonization. An additional user benefit is the ability to identify opportunities for optimizing natural gas production throughput, resulting in increased gas movement and enhanced revenue generation. Focusing on end customers with engine/compressor packages operating in natural gas production applications, assets from 10 unique end customers, totaling approximately 800 assets, were analyzed for gas throughput optimization.
Product Spotlight
As part of overall remote monitoring activity, both engine and compressor data were analyzed by the Remote Operations Center (ROC) and Engineering Account Managers (EAMs). Leveraging insights based on the current engine model, configuration, control system, asset age, and operating profile, the teams applied various Conversion, Modification, and Upgrade (CMU) kits to create “whatif” scenarios and develop production models. This enabled an understanding of the potential incremental production, revenue per day, as well as the payback or return on investment (ROI) period.
REsults
Through the collaborative efforts of the ROC and EAM, opportunities to increase throughput have been identified for over 50 assets, resulting in approximately 150 MMSCFD of additional gas movement. Based on an average of $4.00/MMBtu, this translates to a revenue increase of $506,760 per day. The average ROI for a reUp engine, after factoring in the core return (if applicable), is 63 days. SkidIQ brings a new level of connectivity and control to ensure the optimal performance of assets, both now and in the future. There are powerful challenges facing the energy sector today. The world needs more energy and lower emissions—INNIO Waukesha delivers both.
150 MMSCFD
of additional gas movement across 50 assets
$506,760 PER DAY
of additional revenue based on $4.00/MMBtu
The right engine for your project. Now.
Contact us for assistance today.
CONTACT US