Data mining/analysis
This paper presents a robust workflow to identify optimization opportunities in gas lift wells through real-time data analysis and a surveillance-by-exception methodology.
This work presents the development of fast predictive models and optimization methodologies to evaluate the potential of carbon-dioxide EOR and storage operations quickly in mature oil fields.
This paper introduces a system that leverages sophisticated algorithms and user-friendly interfaces to tackle the challenge of developing complex, compartmentalized reservoirs effectively.
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Unconventional operators are finally beginning to use to their advantage the nearly endless stream of data they’ve collected over the years. ConocoPhillips explains how it has seen real improvements in its operations by removing data friction and opening up access across typical work silos. -
As leaders in digital drilling analysis push into real-time data analysis and digital controls, they are finally confronting data-quality problems. Humans are better than machines at dealing with ambiguous readings.
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The process of finding, developing, and testing new technology can be as complicated as the technology itself—especially at a time when operators have little tolerance for risk.
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Big-data mining techniques can help determe the type-curves and the resulting estimated ultimate recovery of an asset being evaluated for acquisition.
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Considering the significant weight of drilling costs in upstream ventures, saving even a few hours of drilling could lead to substantial cost savings on the overall capital expenditures (Capex). Thanks to the big data revolution, cost optimization still has strong potential in drilling operations.
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R&D may be the key to the survival of companies as the new economics of the industry take hold.
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Public clouds are one of the emerging technologies that are minimizing the cost of processing the big data of the oil and gas industry. Among the hurdles to the wide-scale adoption of the cloud are security and access cost.
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No longer considered a buzz phrase, cloud computing has made converts of the largest oil companies, and now the smaller ones are next.
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Leveraging data to drive the best technology solutions and inform business strategy is the route to future industry success, says a US independent’s top executive.
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An industry expert said that workforce education will be critical to helping companies adapt to a changing data landscape and optimize their operations.
