Smarter planet: Oil and Gas

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Today, smart oil and gas organizations are working to make better use of data in order to (1) Enhance exploration and production, (2) Improve asset management, (3) Optimize global operations.

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Smarter planet: Oil and Gas

  1. 1. George Mattathil4/18/2011Let’s Build a Smarter Planet:Oil and Gas © 2009 IBM Corporation
  2. 2. Let’s build a smarter planet: Oil and GasThe need for progress is clear 1 terabyte 33% 90,000 An oil field can Amount of oil, on Man-hours required to generate one terabyte, average, that is execute turnaround or 200 DVDs’ worth, of recovered from an effort every two data daily. An oil and existing reservoir.2 years on an offshore gas engineer can platform.3 spend up to 60% of their time mining this data.1 © 2009 IBM Corporation
  3. 3. Let’s build a smarter planet: Oil and GasThe opportunity for progress is clear. 85% 10% reduction in 1.5% improved seismic increase in asset processing oil recovery utilizationNew technologies and A 1.5% increase in recovery Adopting best-in-classmathematical algorithms from existing wells, on asset managementexist to significantly average, would yield strategies can reducereduce the time to enough oil for half a year’sanalyze oilfield data to global consumption.2 asset downtime byfind, map and understand 10%.3oil & gas reservoirs,thereby speeding time torecovery.1 © 2009 IBM Corporation
  4. 4. Let’s build a smarter planet: Oil and GasFor oil and gas organizations, this means finding a way to lead in anew environment shaped by three key factors.ENERGY AVAILABILITY TO MEET THE WORLD’S GROWING NEEDSProjections show energy consumption increasing by 50% by 2030.1 Yet a great deal is stillunknown about the world’s oil and natural gas supplies: where to find it, how much is in whichreservoirs, how to extract more of it and even how best to distribute it once it is pumped out ofthe ground or ocean.ENERGY AFFORDABILITY—PRICE, VOLATILITY—OF DIRECT AND INDIRECT GOODSTO CONSUMERSHit-or-miss exploration methods and an unreliable supply can and do impact the price of oil andgas. Given the enormous price tag of drilling a new well—which can cost over $100 million—and the complexity of managing production facilities, even modest increases in oil explorationand production efficiency can tremendously improve energy affordability.ENVIRONMENTAL IMPACTFailure to implement new technologies and capabilities that minimize drilling footprint orimprove the safety and reliability of operations can lead to increased environmental risk due tounnecessary drilling and oil production accidents (explosions, spills, etc.). © 2009 IBM Corporation
  5. 5. Let’s build a smarter planet: Oil and GasNew technologies need to be applied to continuously absorb andapply the sea of information generated across their value chains andbeyond – transforming raw data into actionable insight DATA INSIGHT ACTION © 2009 IBM Corporation
  6. 6. Let’s build a smarter planet: Oil and GasToday, smart oil and gas organizations are working to make betteruse of data in order to… ENHANCE EXPLORATION IMPROVE ASSET AND PRODUCTION MANAGEMENT Capture and process a variety Boost asset availability, flexibility of data to identify previously and reliability to achieve greater inaccessible reserves and SMART OIL responsiveness to market improve well performance. AND GAS fluctuations. OPTIMIZE GLOBAL OPERATIONS Increase visibility, mitigate risk and lower costs across the supply chain. © 2009 IBM Corporation
  7. 7. Let’s build a smarter planet: Oil and Gas + + = An opportunity for oil and gas companies to think and act in new ways. Enhancing Improving asset Optimizing global exploration and management. operations. production. © 2009 IBM Corporation
  8. 8. Let’s build a smarter planet: Oil and GasSmarter oil and gas:Enhancing exploration and production. SMART IS SMART IS Using supercomputing and advanced data Reducing risks to people and the environment modeling to find, map and analyze reservoirs that by having the ability to sense and adjust previously were inaccessible. operations automatically before problems occur. SMART IS SMART IS Implementing advanced sensors and integrating Using data mining to manage operations that operational data to optimize production and maximize well life and optimize equipment increase the oil and gas extracted from current production. reserves. © 2009 IBM Corporation
  9. 9. Let’s build a smarter planet: Oil and GasSmarter oil and gas:Improving asset management. SMART IS SMART IS Enhancing production flexibility and Leveraging new information and forms for responsiveness to supply and demand rending this information (visualization, fluctuations in the market. dashboards) for improved decision support. SMART IS SMART IS Improving asset availability and reliability based Enabling operations to monitor themselves and on predictive analytics. be run largely by a ―virtual‖ team of experts. © 2009 IBM Corporation
  10. 10. Let’s build a smarter planet: Oil and GasSmarter oil and gas:Optimizing global operations. SMART IS SMART IS Integrating supply chain planning information Using predictive weather models to decrease (production, inventory, logistics) across storm-related damages and minimize disparate operations (locations and systems) to disruptions to supply. manage costs and increase customer satisfaction. © 2009 IBM Corporation
  11. 11. Let’s build a smarter planet: Oil and GasIt will use this data to generate insights that will be sharedwithin units and throughout the organization—driving targetedactions to ensure efficient, safe and environmentally soundoperations. EXPLORATION Geological data RETAIL PRODUCTION Government regulations DISTRIBUTION SHIPPING STORAGE REFINING Proprietary Real-time data Historical data and expertise External real-time data Insights Actions Market Conditions © 2009 IBM Corporation
  12. 12. Let’s build a smarter planet: Oil and GasIBM’s solution strategy is aligned with the needs of oil and gascompanies. ORGANIZATIONS ARE FOCUSED ON… IBM IS DELIVERING… Enhancing exploration and  High Performance Computing production  Seismic Data Mapping  Reservoir Modeling  Virtualization  Integrated Operations - Rotating & Static Equipment Monitoring - Well Performance Monitoring - Production Target Monitoring - Data Validation  Integrated Information Framework  Advanced R&D Capabilities Improving asset management  Integrated Operations Services - Rotating & Static Equipment Monitoring - Data Validation  Enterprise Asset Management  Turnaround Optimization  Integrated Information Framework  RFID Strategies and Technologies  Asset Lifecycle Management Optimizing global operations  Enterprise Asset Management  Health, Safety & Environment strategies  Business Performance Management  Supply Chain Optimization  Workforce Development © 2009 IBM Corporation
  13. 13. Let’s build a smarter planet: Oil and Gas We’ve only just begun to uncover what is possible on a smarter planet.  The world will continue to become smaller, flatter and smarter. We are moving into the age of the globally integrated and intelligent economy, society and planet.  There’s no better time to start building smarter petroleum organizations—focused on providing energy affordably and safely. And there’s no better time to invest in creating the kind of society we all desire. Let’s work together to drive real progress in our world. © 2009 IBM Corporation
  14. 14. Let’s build a smarter planet: Oil and GasTrademarks and notes IBM Corporation 2011  IBM, the IBM logo and ibm.com are registered trademarks, and other company, product or service names may be trademarks or service marks of International Business Machines Corporation in the United States, other countries, or both. A current list of IBM trademarks is available on the Web at ―Copyright and trademark information‖ at www.ibm.com/legal/copytrade.shtml  Adobe, the Adobe logo, PostScript, the PostScript logo, Cell Broadband Engine, Intel, the Intel logo, Intel Inside, the Intel Inside logo, Intel Centrino, the Intel Centrino logo, Celeron, Intel Xeon, Intel SpeedStep, Itanium, IT Infrastructure Library, ITIL, Java and all Java-based trademarks, Linux, Microsoft, Windows, Windows NT, the Windows logo, and UNIX are trademarks or service marks of others as described under ―Special attributions‖ at: http://www.ibm.com/legal/copytrade.shtml#section-special  Other company, product and service names may be trademarks or service marks of others.  References in this publication to IBM products or services do not imply that IBM intends to make them available in all countries in which IBM operates. © 2009 IBM Corporation

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