Current Situation
Oil field operations are currently managed using spreadsheets or systems that have become silos of data that should be integrated for a wider and deeper perspective about the oil field.
Goals and Objectives
An integrated production environment is needed to add land, economics, and other applications to present a holistic view of all functions of the production ecosystem to understand and predict well behavior and associated activities (e.g., the impact on reservoir economics and land).
Technology Deployed
Application integration, field data capture, drilling, production, networks, analytical tools, data management, cognitive, cloud
Use Case Summary
Integration of all leases, finance, field, and performance data will provide a unified view of field and asset performance. Aligning various aspects of O&G production to work together seamlessly, resulting in increased production, costs optimization, improved asset utilization, and minimized environmental impact.