Oil & Gas Data Management: The Benefits of Analytics

Improved Analytics are Making Oil & Gas Data Management Easier

With today’s exponential growth in data production, using oil and gas data management to wisely leverage assets is essential to helping industry experts make the wise decisions that are driving great reductions in estimated ultimate recovery (EUR).

Our support systems are intelligent and in some cases self-learning. The result is higher productivity. The business intelligence derived from big data analytics is a function of successful data management.

Mining data integration

Integration and mining of data generated in the hydrocarbon discovery and production process provides answers to some of the big questions facing the oil industry. Where is more oil? Where are the most environmentally safe areas for extraction?

Identifying and exploiting data that will provide answers to these questions is but one of the many goals for business intelligence software based on big data analytics.

Oil and gas data managementWhen I look into the near future, I glimpse automated analysis systems that learn while the user goes about interpreting seismic data. Just as a Google translator expertly translates German to English today by learning from countless human translations, oil and gas expert systems will improve by understanding the user’s selection methods.

There is already proof of concept for this industry specific self-learning software. In the next development stage other types of data will be integrated in a search to weed out non-productive paths and keep those that are productive.

Improving Oil and Gas Drilling Efficiency

While Oil and Gas  is in the early stages of employing big data analytics, data manipulation tools, new software and new middleware will be harnessed to locate and process oil and gas resources, as well as to optimize and control operations.

Transform specializes in Analytic Interpretation and Modeling, with a focus on solutions that maximize GG&E productivity and optimize operational decision making.  In a recent Transform project, it became possible to reduce the number of wells drilled by 20% without any impact to the EUR.

Transform’s sophisticated geophysical interpretation tools have enabled companies to integrate geological and geophysical data and interpretive products into a data model that can quantify geological drilling impacts on production, and thus promote better field design. Their recently released hydraulic fracturing-induced micro seismic imaging and modeling module permits companies to gain insight into induced fracturing measurements and mapping.

Multivariate statistical analysis functionality enables improved well placement decision making. Wave modeling is optimized for real-time in preparation for managing frack stages.

Transform’s cross-disciplinary platform combines geological, geophysical and engineering tools with browser-based controls that provide clients with the option to select an area and open an analytical workbench on a desktop populated with DI data.

US Seismic Systems designs and manufactures fiber optic monitoring solutions for the oil & gas industry. Their sensing technology solutions are widely used worldwide. As replacements for electronic sensor systems, these are a superior and more economical alternative for 4D and micro seismic monitoring.

A look at software/data implementation

Oracle supports Big Data functionality with Oil and Gas software. Seismic, logs, surveying and real time measurement data are collected and analyzed. NOSQL databases store unstructured data:

  • Hadoop – rationalizing huge datasets
  • HDFS – massively parallel storage and analysis
  • Extreme analytics – R convenient with petabyte datasets
  • Complex Event Processing – real-time database analysis
  • Bayesian inference engine and decision management perform in real time
  • Information Discovery – find relationships regardless of source data structure

The big data cycle can be described as Acquire -> organize (using massive parallelism) -> analyze all data at one time -> process. Solutions can be relational or NOSQL (unstructured and schemaless). The Oracle data integrator takes data from both structured and unstructured sources. R statistical programming and graphics language is used for statistics, graphics and data mining.

The Future for Oil and Gas

Big data analytics for oil and gas are relatively new, but already gaining in productivity due to patterns and intelligence derived by enhanced information analysis. In addition,we know that machine learning techniques are being applied so that software is trained by analysts and will ultimately be able to learn as a by-product of processing.

 For more on solving problems and improving on data for the oil and gas industry, check out this post on starting with problems, not solutions…