Whitepapers ///

How Real-Time Analytics on Streaming Data Can Transform the Oil Industry

Traditionally, oil companies have needed to collect, store, process and analyze masses of data – repeatedly. This paper examines how three technologies – the Internet of Things, event stream processing and prescriptive analytics – are radically overhauling this industry today. Because these technologies let you capture, manage and analyze data in real time, you are enabled to make timely improvements, mitigate risks and optimize assets. Identify opportunities sooner. Be smarter about how you operate. And totally change the way you think and how you respond.

Date
9/1/2015
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Minimize disruption risks when migrating legacy oil and gas control systems to the latest automation technologies

Like most process industries, oil and gas operations may be using outdated control systems with components nearing end-of-life. While this can be an opportunity to upgrade to the latest automation technologies, especially to boost efficiencies and operating margins, the risk of disruption and downtime can forestall the needed steps to move ahead. But operators can minimize that risk with careful planning and consideration of the steps outlined in this white paper. Three specific scenarios illustrate how oil and gas operators can migrate and upgrade to newer systems with minimum, if any, disruption. Annual returns on an investment in modernized automation can be as much as 30 percent, paying for the upgrade in a very short time while positioning an oil and gas facility’s operation to be more efficient, profitable and competitive for years to come.

Date
8/3/2015
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Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

Now more than ever, SAS® Visual Analytics provides the tools you need to improve understanding of wells and operations – even if you’re not a statistician. And with an easy-to-use interface atop a robust framework of data management and advanced analytics solutions, engineers can ask and get answers to unanticipated questions on the fly. The paper shows how using advanced analytics can help operators not only to analyze the root cause of events, but also to predict critical events or failures. Such efforts will help to reduce nonproductive time and facilitate safer, more efficient operations. The paper also briefly describes the rich set of solutions that SAS offers to improve overall drilling efficiency.

Date
8/3/2015
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Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

Many oil and gas professionals live in a constant state of uncertainty. They simply don’t know if their assets are performing up to potential. All they know is that they run the business on averages, and the averages seem to shake out in their favor. But this lack of certainty doesn’t have to be your reality. In fact, you have the capacity to proactively gauge the performance of your oil and gas assets—not just every once in a while, but every moment, and on demand. In this paper we take a look at the current limitations of the application-driven environment, and we consider how an integrated data solution can offer deeper insight for sustainable competitive gains.

Date
7/8/2015
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