SAN ANTONIO—Digital innovation matched with operational technology have been the driving force behind Marathon Oil Corp.’s (NYSE: MRO) revamp in some U.S. unconventional plays, according to the company’s digital technology director.
At Hart Energy’s DUG Eagle Ford Conference & Exhibition, Edwin Suarez told attendees that Marathon’s use of field automation has already “maximized oilfield recovery and increased profitability” in its Eagle Ford assets. Suarez urged the industry to also embrace digital technologies in order to reap the benefits.
Marathon has adopted video surveillance, real-time notifications and decision-making capabilities to its field operations. Suarez noted that once those new process improvements were added to the company’s control center, it was able to introduce a safer and more efficient way of operating.
“Thanks to the digital oil field enhancements in our Eagle Ford assets we’re adding two to three barrels of production to every well per day, which could ultimately result in several thousands of additional barrels annually at virtually zero cost,” Suarez said.
If the Eagle Ford matures, he added, being equipped to withstand the decline of base production would be more important than ever.
Since moving to a digital oil field, Marathon’s efforts have been centered on safely finding and producing more oil and gas at a lower cost. So, the company said it has taken advantage of the language shared between innovation and operational technology.
“We have made a very conscious effort to link our technology management decisions to the outcomes that yield the highest impact to our operations.”