{"id":17328,"date":"2016-10-27T13:57:46","date_gmt":"2016-10-27T10:57:46","guid":{"rendered":"http:\/\/www.altoros.com\/blog\/?p=17328"},"modified":"2021-03-12T04:42:57","modified_gmt":"2021-03-12T01:42:57","slug":"industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas","status":"publish","type":"post","link":"https:\/\/www.altoros.com\/blog\/industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas\/","title":{"rendered":"Industry 4.0 Can Power More Efficient Well Drilling for Oil and Gas"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.altoros.com\/blog\/industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas\/#Industry_challenges\" >Industry challenges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.altoros.com\/blog\/industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas\/#Optimization_of_the_upstream_sector\" >Optimization of the upstream sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.altoros.com\/blog\/industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas\/#An_architects_perspective\" >An architect&#8217;s perspective<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.altoros.com\/blog\/industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas\/#Data_integration_and_visualization\" >Data integration and visualization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.altoros.com\/blog\/industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas\/#Final_thoughts\" >Final thoughts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.altoros.com\/blog\/industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas\/#Want_details_Watch_the_video\" >Want details? Watch the video!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.altoros.com\/blog\/industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas\/#Related_reading\" >Related reading<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.altoros.com\/blog\/industrial-internet-is-powering-more-efficient-well-drilling-for-oil-and-gas\/#About_the_expert\" >About the expert<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Industry_challenges\"><\/span>Industry challenges<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For many oil and gas companies facing the consequences of low energy prices, improving operational efficiency is a critical issue today. On the mission to make smarter production decisions and better understand the potential of reservoirs, the industry is increasingly turning to digital technologies in areas such as big data and analytics, the Internet of Things (IoT), cloud computing, and robotics.<\/p>\n<p><center><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/oil-prices-nasdaq-industry-challenges.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/oil-prices-nasdaq-industry-challenges.png\" alt=\"oil-prices-nasdaq-industry-challenges\" width=\"450\" height=\"317\" class=\"aligncenter size-full wp-image-17334\" \/><\/a><small>Crude oil prices. Source: <a href=\"https:\/\/www.nasdaq.com\/markets\/crude-oil.aspx?timeframe=3m\" target=\"_blank\" rel=\"noopener noreferrer\">nasdaq.com<\/a><\/small><\/center><\/p>\n<p>Even though oil and gas companies have been working with big data and analytics for quite a while, they still need to address the problem of connecting and interpreting the massive amounts of machine-generated data. The thorough exploration of this data will expectedly create new opportunities for the businesses.<\/p>\n<p>In particular, using the Industrial Internet of Things (IIoT) and technologies it brought together to link physical equipment with networked sensors and analytical tools could aid the industry in finding natural resources, optimizing field operations, and reducing environmental and health safety risks. Once companies are able to compare similar information from thousands of locations around the world, the survey, development, and production of oil and gas sites will be supported by more accurate predictions.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Optimization_of_the_upstream_sector\"><\/span>Optimization of the upstream sector<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a recent <a href=\"https:\/\/www.meetup.com\/Predix\/events\/229689148\/\" target=\"_blank\" rel=\"noopener noreferrer\">Predix meetup<\/a>, smart solutions for the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Upstream_(petroleum_industry)\" target=\"_blank\" rel=\"noopener noreferrer\">upstream sector<\/a> of the oil and gas industry were in the center of the discussion.<\/p>\n<blockquote><p><em>\u201cWe have data about a whole well. We don\u2019t have stage-specific data yet,\u201d<\/em> said <a href=\"https:\/\/www.linkedin.com\/in\/lutherbirdzell\" target=\"_blank\" rel=\"noopener noreferrer\">Luther Birdzell<\/a>, CEO at OAG Analytics, when describing the data that the industry has today.<\/p><\/blockquote>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/predix-meetup-oag-analytics-ceo-luther-birdzell.jpg\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/predix-meetup-oag-analytics-ceo-luther-birdzell.jpg\" alt=\"predix-meetup-oag-analytics-ceo-luther-birdzell\" width=\"640\" class=\"aligncenter size-full wp-image-17335\" \/><\/a><\/p>\n<p>Accumulating such data for every well and improving its affordability would be a big progress for the upstream sector. Although there are a few options for gathering stage-specific data from wells that are available now, they are still \u201ccost-prohibitive.\u201d<\/p>\n<p>To help organizations to improve core operations in the upstream sector, OAG developed a <a href=\"http:\/\/www.oaganalytics.com\/solution\/\" target=\"_blank\" rel=\"noopener noreferrer\">platform<\/a> that combines data management, analytics, and visualization. According to Luther, these key processes may include:<\/p>\n<ul>\n<li>well design<\/li>\n<li>production forecasting<\/li>\n<li>asset valuation<\/li>\n<\/ul>\n<p>OAG focuses on <em>unconventional wells<\/em>, the technology that uses \u201chorizontal drilling and multi-stage fracking\u201d to bring oil and gas to the surface. The company\u2019s platform has helped to optimize individual well designs for particular drilling locations through analyzing the existing industry data.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"An_architects_perspective\"><\/span>An architect&#8217;s perspective<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>OAG hopes to use stage-specific data obtained from down-hole equipment to better predict the performance of unconventional reservoirs across the globe. OAG trained its system on publicly available and proprietary data about the oil field\u2014such as rock characteristics, location, well owners, and operators. Users can also build their own data sets for more specific predictions.<\/p>\n<p>Initially, this analytics platform was hosted on AWS. In 2016, the platform became available on Predix too. It is planned that Predix will capture the data collected by the GE field and down-hole equipment, and then OAG\u2019s platform\u2014deployed on Predix\u2014will analyze it.<\/p>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/ge-predix-oag-analytics-architecture.png\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/ge-predix-oag-analytics-architecture.png\" alt=\"ge-predix-oag-analytics-architecture\" width=\"640\" class=\"aligncenter size-full wp-image-17329\" \/><\/a><\/p>\n<p>The platform is mainly written in Scala; some of the other technologies that OAG Analytics uses for the solution include the Play framework, Apache Spark, Ember.js, AngularJS, and Spotfire.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Data_integration_and_visualization\"><\/span>Data integration and visualization<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The data integration module of OAG Analytics manages geological, drilling, location, completion, production, financial, and other types of data. Working with that information, users can, for example, select data sets, specify parameters from the data sets, and then build a new data set based on the defined options.<\/p>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/oag-analytics-ge-predix-meetup.png\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/oag-analytics-ge-predix-meetup.png\" alt=\"oag-analytics-ge-predix-meetup\" width=\"640\" class=\"aligncenter size-full wp-image-17332\" \/><\/a><\/p>\n<p>One of the most serious challenges in comprehending and visualizing oil and gas data is a large number of interrelationships among the data. When companies spend millions of dollars on drilling wells and the cost of failure is too high, the proper understanding of the data correlations becomes crucial\u2014no one wants to end up in the wrong location, dealing with poor performance.<\/p>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/oag-analytics-data-visualization-ge-predix-meetup.png\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/oag-analytics-data-visualization-ge-predix-meetup.png\" alt=\"oag-analytics-data-visualization-ge-predix-meetup\" width=\"640\" class=\"aligncenter size-full wp-image-17330\" \/><\/a><\/p>\n<p>As Luther pointed out, traditional XY scatter plots and regressions are failing to identify meaningful correlations about the effect of individual parameters on production. However, he reassured users that OAG Analytics is able to navigate this web by isolating signals in complex data.<\/p>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/oag-analytics-platform-ge-predix-meetup.png\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/oag-analytics-platform-ge-predix-meetup.png\" alt=\"oag-analytics-platform-ge-predix-meetup\" width=\"640\" class=\"aligncenter size-full wp-image-17333\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Final_thoughts\"><\/span>Final thoughts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is quite clear that the digitalization of the entire oil and gas industry cannot happen overnight. Achieving this ambitious and very important goal will require not only substantial investments but also intensive collaboration and teamwork.<\/p>\n<p>Today, the industry is not staying still and gradually moving towards a broader adoption of information technologies\u2014after all, recognizing a problem is the first step to solving it. At the same time, some companies are already transforming their operational efficiency with IoT\/IIoT-based solutions.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Want_details_Watch_the_video\"><\/span>Want details? Watch the video!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td class=\"video-details-td\">\n<div style=\"float: right; width: 45%; padding-left: 15px; font-size: 14px;\">\n<p><strong>Table of contents<\/strong><\/p>\n<ol>\n<li style=\"margin-bottom: 10px;\">Conventional vs. unconventional wells (<a href=\"#wistia_4uo5d5hdf0?time=3789\">63&#8217;09&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 10px;\">How IIoT can improve upstream operations (<a href=\"#wistia_4uo5d5hdf0?time=4058\">67&#8217;38&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 10px;\">Plans for achieving stage-specific well optimization (<a href=\"#wistia_4uo5d5hdf0?time=4297\">71&#8217;37&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 10px;\">OAG Analytics on Predix: deployment architecture (<a href=\"#wistia_4uo5d5hdf0?time=4401\">73&#8217;21&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 10px;\">Demo of OAG Analytics (<a href=\"#wistia_4uo5d5hdf0?time=4873\">81&#8217;13&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 10px;\">Q&#038;A (<a href=\"#wistia_4uo5d5hdf0?time=5495\">91&#8217;35&#8221;<\/a>)<\/li>\n<\/ol>\n<\/div>\n<p><script charset=\"ISO-8859-1\" src=\"\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_embed wistia_async_4uo5d5hdf0\" style=\"height:320px;width:440px\">&nbsp;<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<br \/>\n<small>These ase the slides presented by Luther Birdzell.<\/small> <\/p>\n<p><center><iframe loading=\"lazy\" src=\"https:\/\/www.slideshare.net\/slideshow\/embed_code\/key\/KawHaNzmDKxKWe\" width=\"427\" height=\"356\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" style=\"border:1px solid #CCC; border-width:1px; margin-bottom:5px; max-width: 100%;\" allowfullscreen><\/iframe><\/center><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Related_reading\"><\/span>Related reading<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/a-challenging-path-to-building-predictive-analytics-into-iiot-deployments\/\">A Challenging Path to Building Predictive Analytics into IIoT Deployments<\/a><\/li>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/the-impact-of-iot-on-the-economy-and-business-models\/\">The Impact of IoT on the Economy and Business Models<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"About_the_expert\"><\/span>About the expert<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<div style=\"float: right;\"><a href=\"https:\/\/www.linkedin.com\/in\/lutherbirdzell\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Luther.jpg\" alt=\"Luther\" width=\"150\" height=\"150\" class=\"aligncenter size-full wp-image-17358\" \/><\/a><\/div>\n<div style=\"width: 600px;\"><small><a href=\"https:\/\/www.linkedin.com\/in\/lutherbirdzell\">Luther Birdzell<\/a> is an entrepreneur, data scientist, and engineer who is passionate about intellectual, machine, and kinesthetic learning. He is the CEO and Chief Data Strategist at OAG Analytics, a firm that he founded in 2013 to transform core planning functions in the upstream sector of the oil and gas industry. Prior to OAG, Luther held several leadership roles at iTKO and was instrumental in positioning their acquisition by Computer Associates (CA) for $330 million in 2011. He holds two electrical engineering degrees from Dartmouth College.<\/small><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<hr\/>\n<p><center><small>The post was written by Victoria Vedzkovich and <a href=\"https:\/\/www.altoros.com\/blog\/author\/alex\/\">Alex Khizhniak<\/a>.<\/small><\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industry challenges<\/p>\n<p>For many oil and gas companies facing the consequences of low energy prices, improving operational efficiency is a critical issue today. On the mission to make smarter production decisions and better understand the potential of reservoirs, the industry is increasingly turning to digital technologies in areas such as big [&#8230;]<\/p>\n","protected":false},"author":24,"featured_media":17418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[7],"tags":[873,117,647],"class_list":["post-17328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-opinion","tag-cloud-native","tag-iot","tag-predix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industry 4.0 Can Power More Efficient Well Drilling for Oil and Gas | Altoros<\/title>\n<meta name=\"description\" content=\"Connected machinery and data analytics are accelerating the digital transformation of the industrial sector. 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