Drilling a well is costly, risky and fraught with hazards for both man and machine. So why does most well behavior surveillance rely solely on historical data? Why not include a data driven approach that can also predict what might happen next? One great example is wellbore breathing. Annular pressure
Yes, we have all heard about the 3 V's of big data by now. Or the 4 V's or possibly 5 V's, depending on who you ask. However, I would argue the value of data isn't necessarily tied to the "volume" part of big data (unless of course you are a
Our perceptions can impact others and influence decisions. As a result, I always like to understand each customer's perception of what SAS is and what we do. There is no right or wrong answer to this question, however the response provides me with a chance to listen to our customers.
Engineers who implement process control can use analytics to think outside the of box. Better yet, they can use analytics to help solve the issues and risks associated with being inside the box or outside the box in the first place. Read on to learn what box I'm referring to
The value of analytics to solve multiple business problems really makes analytics the ultimate reusable business investment, or as they say in the energy industry, it may be called a renewable resource. As I've commented before, organizations spend billions of dollars on storing data, and unless you happen to be a
I just returned from the largest annual gathering of upstream oil and gas technology professionals. Some of the brightest minds in resource exploration – from graduate students to 50-year professionals – enjoyed the masquerade carnival that filled the exhibit hall on Halloween night. But the real entertainment was in the sessions.
In Shakespeare’s tragedy of Hamlet, the sycophantic Osric, who witnessed Hamlet’s “very palpable hit” during a fencing duel, forces Claudius to adopt another strategy to achieve his goal, Hamlet’s murder. I see this analogy playing out more and more frequently among the International oil companies (IOCs) and National oil companies
What is Peak Oil? In short, it is the moment in time that witnesses the maximum rate of sustainable oil production from a global perspective, after which there is a sudden and irreversible or terminal decline in oil exploitation. M. King Hubbert was the purported crazy guy who felt emboldened
