The massive growth in Permian production further underscores the role Midstream companies play in the Hydrocarbon value chain. A lack of processing facilities and pipeline capacity adversely impacts the value of E&P onshore pure plays. The access to markets is curtailed for these E&P companies by lack of capacity to process and transport production to refining facilities and/or export markets.
Midstream operators must adopt a technology-based approach to guarantee the readiness of aging asset, maximize utilization and guarantee the safety of resources. Additionally, tap into a treasure of operational data for a precise understanding of equipment behavior, deploy “proven value” analytics to optimize operation, maximize the yield without compromising safety or environmental regulation. The article highlights key functions areas within Midstream Value Chain that can benefits from embedding analytics in workflow, additionally a quick recipe for digital transformation and key success factors.