Advanced Analytics in Oil and Gas – Anadarko Petroleum
Duration: 30 mins
Anadarko Petroleum Corporation, a US-based oil and gas exploration company, transformed its business with advanced analytics. Exploration is a costly business, but by working with TIBCO to develop real-time insight, Anadarko more accurately predicts both where to drill and when equipment failures are likely, so issues can be addressed and downtime avoided. As a result, drilling projects can now be completed 10–15x faster.
Anadarko had two goals: Reduced analytics latency and consolidation of all real-time data from thousands of data sources on one platform to enable high analytics throughput.
The company integrated TIBCO advanced analytics with existing tools to create a System of Insight Platform.
Watch this short video to learn how Anadarko:
- Empowers employees to connect to thousands of data points from oil rigs worldwide to access and collect both historic and real-time data
- Creates algorithmic models and applies data for predictive maintenance by discovering drill failure leading indicators and taking action before emergencies occur
- Uses the TIBCO® System of Insight Platform to simplify data flow and create a data agnostic system that allows for expansion and data aggregation
- Achieves significant cost savings and faster time-to-insight with only a very small team and reduces analytics latency from 15 to 1–5 seconds.
Michael O’Connell, Chief Analytics Officer, TIBCO Software Inc.
Chad Loesel, Staff Drilling Engineer, Anadarko Petroleum Corp.
Dingzhou Cao, Staff Drilling Scientist, Anadarko Petroleum Corp.
About the customer
Based in Woodlands, Texas, Anadarko Petroleum Corporation is one of the world's largest independent oil and natural gas exploration and production companies, with approximately 1.72 billion barrels—equivalent of proved reserves. Its mission is to deliver a competitive and sustainable rate of return to shareholders by exploring, acquiring, and developing oil and natural gas resources vital to the world's health and welfare.