smaller bites – for example, focusing
on just one data type across a small to
medium-sized geographic area. The approach will depend on what challenges
the company is trying to address.
If offshore seismic data is a key problem, the company might focus first on
analytics that allow it to monitor the data
coming back from the seismic vessel
in real time. That will allow it to identify
poor-quality data immediately and have
the operator correct it under its current
contract, rather than waiting weeks to
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PERATIONS RESEARCH
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discover the problem and having to engage the contractor again under a new
contract.
If the company’s main challenges
involve development drilling, analytics
tools can help determine the optimal
number and spacing of wells to optimize
yield and production costs. Similarly, predictive and prescriptive analytics tools
can help an E&P company maximize the
value of a well field’s lifetime production.
Such tools also can help to minimize the
cost of replacing submersible pumps
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This special program for senior
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A NA L Y T I C S
March 30-April 1, 2014
The Westin Boston Waterfront
Boston, MA
M A R C H / A P R I L 2 014
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