Digitalizing Mexico's Midstream MarketWed, 01/18/2017 - 17:47
Q: What range of solutions does GE provide to support Mexican infrastructure projects?
A: We have been operating in Mexico for the past 120 years and throughout that time we have contributed to the country’s growth in different infrastructure-related projects. We are positive that our unique financial tools, together with our complete portfolio of products and services, can support new infrastructure developments.
n 2015, we signed an agreement that establishes a framework for PEMEX and GE to work together in the development and financing of projects involving the entire value chain of the oil and gas sector, including downstream, as well as the mutual exchange of experience and knowledge to guarantee Mexico’s energy future. We also have a technological collaboration with the Mexico Institute of Petroleum (IMP), supported by PEMEX, to help improve productivity and efficiency at mature onshore fields and to develop deep and ultra-deepwater projects, allowing PEMEX to develop future deepwater projects in a safe and cost effective way.
Q: How is GE expecting to include its operating system for the industrial internet, Predix, into the midstream industry?
A: GE has been transforming to a digital industry for decades. We experimented on ourselves first, developing the model and defining the technology needed for digital industrial transformation. Predix is the core of that transformation. It is an operating system for the industrial internet and it will securely harness massive data volumes and deliver advanced analytics for any industry. Predix is the only software platform that offers complete connectivity from the edge to the cloud and computing capabilities at every level of the industrial software stack.
Predix provides a platform for the development and connection of software, applications and analytics for all industrial businesses and across all sectors of the oil and gas industry. On the production side, we can give operators a full view of their wells, improving their operations by giving visibility on well performance and the analytical insights to optimize production and lower costs. For pipelines, we can help operators improve risk management and make faster decisions that maintain safety by integrating various sets of data that affect pipeline integrity and by providing analytical insights to predict potential issues and prioritize resources efficiently. Also, for plants such as LNG, we can package a solution that maintains high availability throughout the plant through advanced monitoring and diagnostics for both rotating and static equipment.
Q: How is GE introducing the Predix application to be used between several plants?
A: Similarly to what we have been doing internationally, we are introducing technologies that increase asset availability for our customers. By going digital, through data analytics and by using Predix, we simulate asset performance through digital twins to predict and anticipate operational and maintenance requirements to increase asset behavior.
Q: What GE technologies and solutions are available to its customers in the downstream market?
A: There are a variety of technologies and solutions available in our portfolio to support new and existing downstream customers, including an extensive range of proven industry standards such as gas and steam turbines, centrifugal and reciprocating compressors, expanders, pumps and more. We design, manufacture and service equipment to meet individual plant requirements and offer the advantage of multiproduct integrated solutions. Our commitment is to continually support our products with our technical knowledge over their operating life.
Reducing costs while operating safely, reliably and efficiently represents a huge challenge for downstream companies. This is why we are focused on defining and managing the scope of projects as well as keeping an eye on modularization and simplification to control expenditures.