[webinar] optimizing industrial assets with digital twins on predix

Op#mizingIndustrialAssetswithDigitalTwinsonPredixfromGE

Copyright©2017OAGAnaly6cs

February 15, 2017

Data Science for Oil & Gas

DomainExper#se

MachineLearning

SoBwareEngineering

NorthAmericanOilRenaissance•  Conven#onal(19th&20thcentury)

•  Drilldown,hopetohitoil•  Unconven#onal(21stcentury)

•  Thecombina6onofhorizontaldrilling&mul6-stagefrackingenabledaccesstolargereservesthatwerepreviouslyinaccessible

•  Theindustrystandardis1unconven6onalwellper~25-100sq.miles•  Highlyvariablewellperformanceisaquality

problemthatisunimaginableinvirtuallyanyotherindustry

•  2014OAGenablesloca6onspecificwellop6miza6onwithself-servicedatascience•  2016OAGpartnerswithGEDigitalanddeploystoPredix

Copyright©2017OAGAnaly6cs 1

HistoryoftheOilandGasIndustryOilpriceisvola#le,successfulfirmsadoptnewtechnologyindownturns

50,000

55,000

60,000

65,000

70,000

75,000

80,000

85,000

90,000

95,000

100,000

1980 1985 1990 1995 2000 2005 2010 2015

Thou

sand

sofB

arrelsofOilProd

ucesperDay

3DSeismic ShaleOil

Oilpricecollapse

OAG


Oilpricecollapse

WellsinNorthDakota-“TheBakken”

Tensofthousandsofwellsalreadydrilled,eachproducingterabytesofunuseddata


BakkenOilfieldfromSpaceTheseoilfieldsaresolargethattheycanbeseenfromspaceandare

biggerthanmajorci#es


OAGOilfieldDigitalTwinsWhatwedo:BeUerData,BeUerResultsImprovewellprofitability&assetvalua#onsusingproprietarydatascience

•  Profitabilityandproduc6onanalysisfor1,000’sofloca6on-op6mizedwellsfasterthan1“typewell”(theoldway)

•  Over25%moreaccurateproduc6onforecasts(proprietarypredic6veanaly6cs)

•  Upto300%more“signal”aboutsystemdrivers(advancedmachinelearning)

•  20%moreaccurateassetvalua6onsinhoursnotdays•  Tailored,well-specificAFEprepara6onandevalua6on•  Data-driveninsightsdrivevalue:é5%profit,ê$400kperwell

Whereweplay:NorthAmerica,NorthSea,Europe,Africa,Australia,Asia

HowdoesOAGfitwithPredix•  Upstreamplanning•  Down-holeexecu6on•  PurposebuiltDataServices•  AutomatedAnaly6cServices(ML)•  Self-serviceDataScienceApplica6on

Predix-OAGSynergies•  Thevalueofequipmentop6miza6onis

higherforgoodwellsthanbadones•  Aprovencoreplanningsolu6onisa

forcemul6plierforPredixinoil&gas•  SynergiesamongGE,BakerHughes,and

OAGcouldtransformtheO&Gindustry


Data Analy#cs Decisions

OAGArchitectureonPredixfromGE

OAG Insights UI

BI Dashboards

Partner UI


Copyright©2017OAGAnaly6cs

3.Validatepredic6veaccuracy,datasupport,anduncertaintyreduc6onprovidedbyOAGmachinelearningvs.rawdata

Demo

1.Maximizeinforma6ongainfromeachparameterusingadvancedfeatureengineeringanddistribu6onop6miza6on

4.Isolateeffectsofcapitalalloca6ononproduc6on,calculatetotaloil&gasproduc6on(EUR),op6mizeprofitability(IRR)

IndependentVariable

Depe

nden

tVariable

IncreaseRevenue

ReduceRisk

7

2.Navigatenetworkofautocorrela6onstoop6mizedimensionalityreduc6onofmachinelearningmodels

GE+OAGFutureUseCase

Mutualsynergiescouldenableaseconddata-driventransforma#oninunconven#onalreservoirsthroughouttheworld•  GEhasextensiveexperiencecapturingpressure&flowdata•  PredixwasbuilttocapturedataproducedbyGEequipment•  OAG’swellop6miza6onplajormisdeployedonPredix•  Currentalterna6vestocapturestage-specificdataarecostprohibi6ve

Stage-SpecificOp#miza#on


•  White Paper: Operationalizing Big Data in Complex Systems •  http://www.slideshare.net/oaganalytics/operationalizing-big-data-to-reduce-risk-of-high-consequence-decisions-in-

complex-systems

•  Press Release: Two former British Petroleum (BP) executives join Big Data efforts with OAG Analytics •  http://www.prweb.com/releases/2016/03/prweb13243297.htm

•  Energy Media Group •  http://eaglefordtexas.com/news/id/159275/taming-big-data-a-strategic-approach-to-unconventional-analysis-in-

unconventional-reservoirs/

•  CIO Story •  http://ciostory.com/cxo-perspectives/big-data-leadership-for-the-oil-and-gas-industry

•  Oil & Gas Investor •  http://www.oilandgasinvestor.com/big-data-gives-operators-advantages-hotly-contested-plays-801216

•  McKinsey: An Executive’s Guide to Machine Learning

•  http://www.mckinsey.com/insights/high_tech_telecoms_internet/an_executives_guide_to_machine_learning

•  GE & Accenture: Industrial Internet Insights report

•  http://www.geautomation.com/content/industrial-internet-insights-report-pn

•  Manhattan Institute: Shale 2.0 Technology and the Coming Big-Data Revolution in America’s Shale Oil Fields •  http://www.manhattan-institute.org/pdf/eper_16.pdf

Addi#onalInforma#onAboutOAG

DataScienceintheNews


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Data Science for Oil & Gas