Data mining/analysis
The oil industry’s rush to capitalize on digital change has scrambled relations with service providers big and small, giving the oil companies a greater say in the process.
The complete paper uses 3,782 unconventional horizontal wells to analyze the effect of proppant volume and the length of the perforated lateral on short- and long-term well productivity across the Permian Basin.
Eni and IBM developed a cognitive engine exploiting a deep-learning approach to scan documents, searching for basin geology concepts and extracting information about petroleum system elements.
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Technology company Proserv Controls has formed an alliance with software engineering firm Intelligent Plant in an effort to combine their expertise to improve control systems and data analysis. -
Emerson has launched cloud-native software designed to find opportunities for field development through data mining and automation. The software, called SpeedWise Reservoir Opportunity, was developed in collaboration with Quantum Reservoir Impact.
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The complete paper presents a methodology designed for optimally matching drill bits, mud motors, and bottomhole-assembly components for reduced failure risks and improved drilling performance.
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A recent datathon and the team that took home the grand prize help paint a picture of both the industry’s’ digital transformation and how oil and gas engineers are embracing it to navigate uncertain times.
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Using a European Space Agency satellite, data analytics firm Kayrros pinpointed global locations of methane emissions and recorded a 32% increase in the overall volume of methane emitted from large leaks compared with the first 8 months of 2019.
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The pandemic has been an unexpected jolt for the global economy, bringing many industries to a halt. Murphy has taken a step forward into a digital future by designing and implementing a COVID-19 tracking app that is easy to use, quick, and convenient.
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There is often an assumption that big data, together with machine learning, will solve whatever problems asset-heavy industries such as oil and gas face. This is not the case; big data alone isn’t enough. We need something else to solve these problems, and the answer lies in the world of physics.
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SponsoredTo optimize decision-making, minimize risk, and create value, oil and gas companies can turn to liberated, contextualized data. For exploration or drilling, liberated, contextualized data can help the upstream industry make trustworthy decisions that save time and costs. This paper explains how.
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SponsoredFor surveying, exploration, analytics, and a whole host of processes, liberated, contextualized data tailored to the environments of E&P subsurface will empower confidence, speed, reliability, agility, and most importantly, innovation. This is how Aker BP is doing it.
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For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. So are the challenges.
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