With the introduction of newly-developed production technologies to extract oil and natural gas from previously difficult or inaccessible sources, many oil and gas companies have chosen to tap the potential of onshore gas divisions to positively affect their bottom line. These assets may drill thousands of wells
per year. The challenge of planning and tracking numerous wells increases daily as companies leverage new technologies and strive to manage costs.
- How to manage enormous volumes of data?
- How to deliver wells more quickly and more efficiently?
- How to exchange data across disciplines, applications and assets?
- How to cope with Excel hell?
Let’s review a case study involving a major oil company that undertook an audit revealing one gas asset was using more than 100,000 spreadsheets and 500 databases to manage well data with manual intervention still required to take well data through to the geologic and reservoir models.
Each onshore gas asset managed planned wells with somewhat different processes and tools. In response, the company launched an initiative to define an onshore gas roadmap for new standard solutions. The initial would offer a collaborative environment that allowed each asset to learn and improve from other assets and to streamline business processes in the overall well delivery process.