Resources change constantly. Make sure your analytics keep pace.
Reliable production from all your oil and gas resources. High total recovery at a lower cost. And greater certainty about future performance. Our oil and gas analytics can help you refine strategies for:
- Reservoir characterization. Understand the nature of your reservoirs’ properties to optimize oil recovery.
- Drilling optimization. Design and execute high-quality wells, mitigate drilling hazards and reduce nonproductive time with advanced drilling analytics.
- Unconventional completions. Make smart choices that improve completions efficiency by delving into the complexity of reservoir parameter variability.
- Production forecasting. Incorporate well surveillance and predictive models into forecasts to improve short- and long-term estimates of ultimate recovery.
- Well and well portfolio value optimization. Conduct reservoir simulations of dynamic flow and well-buildup processes to improve economic portfolio value calculations. Identify wells that are good candidates for optimized workover strategies.
- Seismic analyses. Interpret high volumes of seismic attributes to optimize your production and field development strategies.
Counter the risks and costs inherent in oilfield exploration. Improve your reserve exploitation strategies. Share probabilistic results in a dashboard view that encourages collaboration. And get better results – from planning to production. With oil and gas analytics from SAS, you can:
- See the full picture. Adopt a data integration platform that aggregates data from exploration, drilling, completion, reservoir, production and more. And be confident that you're taking the best approach in every situation by basing decisions on all relevant data.
- Uncover hidden patterns in your data. Reveal connections not evident before by linking all relevant data – from non-operational variables to drilling operational parameters and drilling system designs.
- Quantify uncertainty. Probabilistic approaches and advanced analysis of decline curves methodology combine with intuitive GUIs, automated forecasting models, near-real-time visual representations and what-if analyses to give reliable predictions of future production and more accurate reserve estimates.
- Improve drilling efficiency. Analyze the statistical relationship between data on relevant drilling incidents and key performance indicators, given geomechanical constraints. Predict adverse events in near-real time, and avoid hazardous situations, delays, accidents and unexpected shutdowns.
- Optimize production. Compare real-time production data rates and type curves against forecasted trends. Segment fields via well profile clustering, and automatically route alerts to experts. Dig out unexpected potential, and find the sweet spots for your economic bottom line. Then confidently explore shale gas, shale oil, ultra-deep water, tight gas, coal bed methane, heavy oil and oil sands.
Analytics in Action
Analytics Powers the Industrial Internet of Things for the Oil & Gas Industry
Keith Holdaway, of the Global Energy Practice at SAS, explains how IIoT data combined with analytics can fuel the decisions that keep oil and gas companies' assets and processes running at optimal capacity.
Run your organization like a well-oiled machine. At all levels.
An integrated, big-picture view of assets and operational performance backed by strategies to optimize resource allocation. Improved flow assurance. Less unscheduled maintenance, downtime and deferment. And optimized operational costs, higher safety, along with better production performance and higher availability of all your facilities. Using data from the industrial internet of things (IIoT), our oil and gas analytics software includes solutions for:
- Process regularity and facility integrity. Avoid unexpected failures and production disruptions. Continuously improve efficiency, profitability and uptime, as well as safety and environmental compliance. Find root causes of process and operational problems, and take action to fix them.
- Demand forecasting. Be prepared to handle disruptions or spikes in demand for refined products across complex regional and international supply chains.
- Integrated operations and logistics. Get a clear view of all your operations – multiple departments, disciplines and subcontractors – from one consistent, consolidated information source.
- Operational risk/environment, health and safety (EH&S). Minimize risk across all levels of the organization.
Develop proactive maintenance plans to prevent and handle unexpected interruptions and safety hazards. Ensure process regularity and asset reliability, and run your operations at peak performance – with an understanding of hidden process anomalies. And keep constant watch over your operations from the web. Oil and gas analytics from SAS helps you:
- Keep deferment and downtime low. Prioritize the right interventions, avoid process failures and optimize maintenance campaigns through predictive analytics and alerts, process surveillance, asset health monitoring, automated real-time diagnosis and problem recovery recommendations.
- Boost efficiency and protect the bottom line. Plan better by refining the theoretical efficiency calculation with data-driven adjustments of the expected performance baseline. Use predictive analytics to boost uptime, performance and staff productivity. All while keeping pace with demand, lowering operational costs and reducing the risk of revenue loss.
- Improve quality. Boost process and asset quality by incorporating downtimes, production losses, parts and labor costs, probability of events and other factors into your analysis. Develop, monitor and measure KPIs via a web portal. And look across multiple systems, assets, resources, locations and environments to oversee costs and completions.
Analytics in Action
Analytics Powers the Industrial Internet of Things for the Oil & Gas Industry
Keith Holdaway, of the Global Energy Practice at SAS, explains how IIoT data combined with analytics can fuel the decisions that keep oil and gas companies' assets and processes running at optimal capacity.
The energy industry is volatile. Your business shouldn't be.
Achieve rapid insights into your commodity portfolio, and gain the ability to make strategic decisions faster and more accurately than your competitors. See how hedging or not hedging will affect profitability and cashflow in response to changing market conditions. Our oil and gas analytics provides an integrated energy portfolio and risk management framework that helps you with:
- Energy trading and risk management. Minimize the effects – or capitalize on opportunities – of energy and commodity price volatility.
- Credit risk management. Manage your counterparty relationships, including assessment workflows and financial exposure. Run potential future exposure to prepare your portfolio in anticipation of credit adjustments in the market.
- A consolidated view of your entire portfolio. Eliminate the inefficiency of siloed operations by viewing positions from physical purchases/sales, storage, transport and financial trading in one centralized platform.
- Cashflow management. Forecast cashflows under current scenarios, and view effects on cashflow from future price movements. Slice and dice the portfolio to identify the business units that contribute the greatest risk to the enterprise.
Proactively capture, analyze and simulate market and credit risks. Report and display consolidated risk metrics in a user-friendly SAS Visual Analytics interface. With oil and gas analytics from SAS, you can:
- Gain greater insight faster. Streamline and automate business processes. Produce a consistent, portfolio-level view of consolidated risk measures.
- Maximize your existing technology investment. Engage our full suite of risk capabilities, or augment current systems with modular offerings in trade capture, sophisticated risk analysis and advanced visualization.
- Evaluate decisions before you make them. Run what-if trades and simulate future market conditions to determine the current impact on your portfolio, as well as potential outcomes, in a range of scenarios.
Ensure highly refined data. And make highly refined decisions.
Smart, timely decisions by everyone – from upstream to downstream refinery operators, financial experts and marketers. Better planning, reporting and analytic results. Higher productivity, lower cost and reduced likelihood of errors. Our oil and gas software delivers a single platform for data management that supports:
- Event stream processing. Filter and analyze streaming data from the industrial internet of things (IIoT) in real time to reduce latency of important oilfield decisions.
- Hadoop. Maximize the power of big data with tools that work inside and alongside your Hadoop cluster.
- Data quality. Provide the right data to the right people at the right time – complete, clean and standardized.
- Master data management. Work inside-out – control your data behind the scenes to improve results on the other side.
- Open and cloud-enabled. Integrate, extend and manage open source models. Deliver rapid results through SAS Analytics deployed on a shareable and scalable infrastructure that is optimized for business analytics.
With a plethora of operational systems, oil and gas companies seek analytic enablers that can be used across platforms, data standards and business use cases. Our solutions enable you to profile, standardize, consolidate and correct all types of data – whether in motion or at rest. With SAS, you can:
- Get all the data from all the sources. Regardless of volume, velocity and variety, SAS enhances value by uniting information from engineering and the geosciences with real-time surveillance data.
- Give decision makers high-quality data, fast. Across disciplines, hierarchies and geographies, ensure that decisions are backed by trustworthy, comprehensive data gathered from any source, in any format. Using standardized data that’s accurate, complete and up-to-date, you can create better maintenance schedules, address regulatory requirements and ensure resource availability.
- Partner with an analytics provider you trust. Top-notch analytical skills and 40 years of customer satisfaction combine to make SAS a trusted partner for delivery of your project results. We can remotely augment your staff or deliver a turnkey business solution, all while managing the IT infrastructure in a secure cloud environment.
