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.TRANSCRIPT
© 2009 IBM Corporation
Let’s Build a Smarter Planet: Oil and Gas
George Mattathil
4/18/2011
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
Amount of oil, on
average, that is
recovered from an
existing reservoir.2
33%
An oil field can
generate one terabyte,
or 200 DVDs’ worth, of
data daily. An oil and
gas engineer can
spend up to 60% of
their time mining this
data.1
1 terabyte
The need for progress is clear
90,000
Man-hours required to
execute turnaround
effort every two
years on an offshore
platform.3
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
The opportunity for progress is clear.
New technologies and
mathematical algorithms
exist to significantly
reduce the time to
analyze oilfield data to
find, map and understand
oil & gas reservoirs,
thereby speeding time to
recovery.1
85% reduction in seismic processing
A 1.5% increase in recovery
from existing wells, on
average, would yield
enough oil for half a year’s
global consumption.2
1.5% increase in oil recovery
10% improved asset utilization
Adopting best-in-class
asset management
strategies can reduce
asset downtime by
10%.3
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
For oil and gas organizations, this means finding a way to lead in a
new environment shaped by three key factors.
ENERGY AVAILABILITY TO MEET THE WORLD’S GROWING NEEDS
Projections show energy consumption increasing by 50% by 2030.1 Yet a great deal is still
unknown about the world’s oil and natural gas supplies: where to find it, how much is in which
reservoirs, how to extract more of it and even how best to distribute it once it is pumped out of
the ground or ocean.
ENERGY AFFORDABILITY—PRICE, VOLATILITY—OF DIRECT AND INDIRECT GOODS
TO CONSUMERS
Hit-or-miss exploration methods and an unreliable supply can and do impact the price of oil and
gas. 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 exploration
and production efficiency can tremendously improve energy affordability.
ENVIRONMENTAL IMPACT
Failure to implement new technologies and capabilities that minimize drilling footprint or
improve the safety and reliability of operations can lead to increased environmental risk due to
unnecessary drilling and oil production accidents (explosions, spills, etc.).
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
New technologies need to be applied to continuously absorb and
apply the sea of information generated across their value chains and
beyond – transforming raw data into actionable insight
DATA INSIGHT ACTION
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
Today, smart oil and gas organizations are working to make better
use of data in order to…
IMPROVE ASSET
MANAGEMENT
Boost asset availability, flexibility
and reliability to achieve greater
responsiveness to market
fluctuations.
OPTIMIZE GLOBAL OPERATIONS
Increase visibility, mitigate risk and lower
costs across the supply chain.
ENHANCE EXPLORATION
AND PRODUCTION
Capture and process a variety
of data to identify previously
inaccessible reserves and
improve well performance. SMART OIL
AND GAS
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
An opportunity for oil and gas companies
to think and act in new ways.
Enhancing
exploration and
production.
Improving asset
management.
Optimizing global
operations.
+ + =
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
Smarter oil and gas:
Enhancing exploration and production.
SMART IS
Reducing risks to people and the environment
by having the ability to sense and adjust
operations automatically before problems
occur.
SMART IS
Using supercomputing and advanced data
modeling to find, map and analyze reservoirs that
previously were inaccessible.
SMART IS
Implementing advanced sensors and integrating
operational data to optimize production and
increase the oil and gas extracted from current
reserves.
SMART IS
Using data mining to manage operations that
maximize well life and optimize equipment
production.
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
Smarter oil and gas:
Improving asset management.
SMART IS
Leveraging new information and forms for
rending this information (visualization,
dashboards) for improved decision support.
SMART IS
Enhancing production flexibility and
responsiveness to supply and demand
fluctuations in the market.
SMART IS
Improving asset availability and reliability based
on predictive analytics.
SMART IS
Enabling operations to monitor themselves and
be run largely by a ―virtual‖ team of experts.
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
Smarter oil and gas:
Optimizing global operations.
SMART IS
Integrating supply chain planning information
(production, inventory, logistics) across
disparate operations (locations and systems) to
manage costs and increase customer
satisfaction.
SMART IS
Using predictive weather models to decrease
storm-related damages and minimize
disruptions to supply.
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
It will use this data to generate insights that will be shared
within units and throughout the organization—driving targeted
actions to ensure efficient, safe and environmentally sound
operations.
EXPLORATION
Proprietary Real-time data
Historical data and expertise
External real-time data
Insights
Actions
PRODUCTION
SHIPPING
REFINING
RETAIL
STORAGE
DISTRIBUTION
Government regulations
Geological data
Market Conditions
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
IBM’s solution strategy is aligned with the needs of oil and gas
companies.
ORGANIZATIONS ARE FOCUSED ON… IBM IS DELIVERING…
Enhancing exploration and
production
Improving asset management
Optimizing global operations
High Performance Computing
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
Enterprise Asset Management
Health, Safety & Environment strategies
Business Performance Management
Supply Chain Optimization
Workforce Development
Integrated Operations Services
- Rotating & Static Equipment Monitoring
- Data Validation
Enterprise Asset Management
Turnaround Optimization
Integrated Information Framework
RFID Strategies and Technologies
Asset Lifecycle Management
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
Let’s work together to drive real
progress in our world.
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.
© 2009 IBM Corporation
Let’s build a smarter planet: Oil and Gas
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IBM Corporation 2011
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