The presentation will introduce reservoir diagnostics technologies used by QRI to identify field development opportunities in mature assets: new well locations, workovers, production and surface facility optimization, drilling and completion performance improvements. Over the past few years, through the application of new data mining and machine learning technologies, blended with classical engineering methods, QRI was able to reduce the time needed to fully analyze a reservoir from months to days.
Driving reservoir management to automation has been requiring a blend of experience-based workflows, classical engineering and geosciences models and cutting edge data management, data mining and machine learning methods.
The presentation will introduce the general framework followed and dive in more details into a couple of applied examples including the detection of behind pipe opportunities and new drilling target as well as the automated analysis of thousands of daily drilling reports to extract insights on how to improve drilling efficiency.
Combining specialized software with advanced machine learning and domain expertise—i.e., Data Science—is increasingly used for optimizing high-value assets. This technical presentation describes value creation in the upstream oil and gas sector through the use of data analytics for optimizing wellbore placement and evaluating completion scenarios. Multiple examples illustrate how running simulations can uniquely create insights to optimize capital allocation and deliver better wells with a system that accesses hidden signals from the full spectrum of upstream data (geophysical, geological, drilling, completion, location, production, and financial), enabling unique and highly valuable optimization in support of decision processes.
"We are at the corner of Polk and Fannin St. in Downtown Houston, located across from GreenStreet. We are 6 blocks away from Discovery Green, 3 blocks away from the Toyota Center and 2 blocks away from the nearest Metro LiteRail Station."
As per Station website- Greenstreet Garage at 1301 Main
For additional parking- https://www.downtownhouston.
Please type in 1301 Fannin St. with corresponding date and time of arrival (5PM).