To plan and execute better than the competition and manage the efficiency and profitability of assets, firms are looking for analytic tools to help make sense of various data types coming from multiple source systems. Additionally, to reduce Non Productive Time and mitigate costs, drillers need systems that will help them analyze failures, learn from previous issues, and predict future events.
TIBCO Spotfire® helps well engineers the world over analyze data faster. Spotfire's intuitive, interactive, analytic platform enables users to make better decisions across diverse and challenging environments. Because Spotfire uniquely allows you to capture all the data, structured and unstructured, at rest and in motion, it allows the deepest possible investigation of issues behind NPT and reliability.
New technologies in the oil field have made unconventional sources of oil and gas to produce, thus providing energy firms with significant new opportunities. To respond to this technically challenging and fast-moving environment, companies are augmenting traditional analytic methodologies with data discovery and visualization. Using all their available data, Spotfire helps them make better, faster decisions on production assets.
- What can we expect from new and existing wells given the application of advanced recovery and lifting techniques?
- What are the underperforming wells, and what are the most appropriate corrective actions?
- How can we reduce unplanned downtime?
- Which wells are economical in today's market conditions?
Oil field services companies benefit from using Spotfire analytics across their organizations—from technical use cases to cross functional areas such as HR, finance and health safety and the environment. Spotfire helps to drive down costs through rigorous analysis at every stage of a delivered service. Oilfield Services companies are the backbone of the oil and gas industry. They must keep pace in an ever changing and competitive environment. They must maintain laser focus on their customers and improve performance and efficiencies while continuing to innovate as their customers work to drive down prices. Oilfield Services companies across the globe use Spotfire to:
- Analyze NPT
- Optimize drilling and completion methods
- Perform comparisons of workover methodology
- Identify correlations in HSE incidents.
- Better understand the root cause of incidents and optimize maintenance
- Understand profitability and opportunities across products, by region and customer