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AnalyticsServices White Paper v2 1
AnalyticsServices White Paper v2 1
Analytics Solutions
How do we deliver the next generation solutions consistently and credibly?
The world is experiencing a data revolution, and the E&P industry is by no means exempt. The digital revolution comes at a time in
our industry where there is an unprecedented drop in E&P activity and there is a focus on financial performance and taking action
to ensure our long term survival. The rapid instrumentation of rigs and well sites, the increased drilling of horizontal and deep-water
wells, and the advances in seismic, drilling and hydraulic fracturing technologies have resulted in an explosion in the volume and
frequency of generated data. As a result, big data analytics is garnering greater attention as the means to solve the current industry
challenges.
At the same time, we now have the technology to capture millions of data points in real-time, store them, analyse them and gain
meaningful insights that will change the way we live and work. With data at the heart of the E&P industry, we stand at the forefront
of this data revolution. By harnessing real-time data from drilling and production operations and combining it with historical
operational and geoscience data, we can reduce costs, improve efficiencies and enhance the predictability of operations. The
problem is that traditional data analysis methodologies are not built to handle such enormous datasets - big data requires a new
breed of analytics.
What is analytics?
Analytics is the discovery and communication of
meaningful patterns in data. It uses a combination of
mathematics and statistics, descriptive techniques
and machine learning to gain valuable knowledge
from data, in order to drive decisions and actions. It
isn’t a new notion, indeed we have been doing
analytics for decades with statistical software
packages, production forecasting, uncertainty
analysis, simulation and so on. However these
historical techniques work with samples of data. Big
data analytics allows us to use all of the data for
Figure 1. The four analytic types and their varying levels of human input, and decision and building and training models, enabling us to draw
action responsibilities. Source: Gartner
fresh insights.
Big data analytics can be classified into four categories:
Descriptive analytics, the simplest and most common form of analytics, helps us to figure out what happened by looking at the
data in any visual form (e.g. historgrams, graphs, charts, cross-plots, maps etc.). Descriptive analytics tells us that the pressure in
a well is increasing, for example.
Diagnostic analytics looks at the past performance to determine why something happened, and the results are typically visualised
in a dashboard format. Using diagnostic analytics, we can understand that the pressure increased because the mud weight is
incorrect.
Predictive analytics tries to predict or forecast what is likely to happen in future. It predicts that if the mud weight is not corrected
within the next 2 hours, the well will likely fail.
Prescriptive analytics suggests and/or executes actions to maximize the probability of positive outcomes, as well as to minimize
the probability of negative outcomes. It is the most valuable type of analytics, and has two levels. The decision support level would
advise, for example, that the mud weight be corrected to a given recommended value within the next hour. At the automation level
it would automatically correct the mud weight to balance the pressure and reduce the risk of the well failing.
Schlumberger's focus is on predictive and prescriptive analytics, as we believe this will help our customers most. By using big data
analytics methodologies and technologies, we aim to automate or semi-automate the decision-making process, thereby allowing
companies to make cost savings, improve efficiency and enable operational predictability.
Additional Resources
For more information please visit the Hub page.
HQ Contacts
General: engineeredanalytics@slb.com
Analytics Solutions Manager: Henry Martinez (HMartinez@slb.com)
Analytics Global BDM: Duane Imambaksh (DImambaksh@slb.com)
Area Contacts
Olivier Brousseau (EAF)
Sau Then Chin (MEA and ASA)
Sabih Asghar (NAM)
Guillermo Enrique Guzman Chaves (SAN)
Figure 6. Key workflows for Analytics Solutions Tatiana Vasilyeva (RCA)