OI L F IEL D AN A LY T I C S
Companies that unify their
data to enable holistic
analysis of all three
domains will understand
each of the three much
more deeply than they do
today. In addition, they
will likely find hidden
interrelationships that can
only be guessed at today.
(which fail with some regularity, bringing production to a halt), or to choose the best procedures
to “work over” a well whose production has fallen
due to causes such as sand accumulation or casing deterioration.
Still, while analytics software can deliver significant value in each of these cases, it is important to keep in mind that these examples address
the three domains – exploration, development and
production – separately. Companies that unify
their data to enable holistic analysis of all three
domains will understand each of the three much
more deeply than they do today. In addition, they
will likely find hidden interrelationships that can
only be guessed at today. Ultimately, these new
and deeper understandings will improve exploration success, bring new efficiencies to the development phase, and increase the lifetime return on
their assets and investments.
Warren Wilson ([email protected]) leads Ovum’s
energy team, focusing primarily on IT for upstream oil & gas.
His research focuses on the ways in which leading-edge IT
such as anal