The Rise of Analytics in Oilfield Production
Advances in technology have allowed the oil and gas industry to collect massive amounts of data. The challenge is to derive value from these datasets. To achieve this aim you need oilfield production software that not only handles the volume of data but finds the insights in it.
Big Data Trends
The increasing use of data recording sensors in the oil and gas industry has led to the collection and storage of massive datasets. Data is now being collected in virtually all areas of the industry, from exploration to drilling and production. These data sets can be analyzed using statistical and machine learning techniques, and used for production forecasting, well optimization, and many other applications. One of the most important applications is asset reliability and improving it via preventive maintenance.
Preventive Maintenance Strategies
Preventive maintenance strives to detect issues such as equipment failure before they occur. Data recording sensors placed …Read more →