At AvonDx we understand the importance of data in the upstream business, it enables firms to remain competitive throughout all the stages: planning, exploration, and field development. Fortunately, oil and gas companies have access to an abundance of valuable data in both upstream and downstream operations. Unfortunately, this information comes in various and increasingly complex forms, making it a challenge for energy firms to collect, interpret, and leverage the disparate data. AvonDx role is to assist Oil & Gas companies to leverage data analytics in four key areas:

 

 

Exploration Intelligence

Integrating and potentially mobilizing exploration information helps oil and gas firms optimize processes by providing collaborative information and integrating seismic data management with unstructured information. Data Analytics supports accurate data preservation, accessibility, and real-time process refresh.

Development Intelligence

Development phase includes overall asset development and asset management techniques—with a focus on reducing the duration of the development cycle. Oil and gas companies need to use data analysis to leverage the usage of information and to optimize the capturing and validation of information from well development, facilities and use geophysical data for a full lifecycle management.

Production Intelligence

The key is to focus on uptime and production optimization for both upstream and downstream operations. Oil and gas companies can identify appropriate signatures through the use of certain algorithms to analyze information from multiple control systems and data historians. These algorithms are then implemented in appropriate real-time control systems to act automatically, or support manual processes for intervention or process change.

Financial Intelligence

The need to comply with environment and federal regulations and the continuous changes of regulatory requirement demands an increase in information, with a proper data analytics infrastructure oil and gas companies will be able to implement the steps necessary to mitigate impacts and resolve problems. This allows the companies to be active and produce information and documentation to meet the ongoing industry guidelines.