We examined the production well data and got to the root cause of the hazardous incidents
About the Industry
The upstream scenario post-COVID demands primarily on the responses of two factors. These two determining components are the demand effect and the OPEC responses. As per the trend studied over the period, the market observed a uniform reduction in demand and output production. This evenness balanced the upstream scenario overall. The demand-supply ratio has been volatile throughout the year, which kept the price in a steady state. Talking of the business processes and framework, the energy companies are on the verge of centralizing the upstream activities. By transitioning into the agile culture, the industry will eliminate the non-value adding tasks and simplify the enterprise workflow. The role of data and analytics will empower the onshore engineering team to achieve operational efficiency with greater ease.
About the Client
Our client is a renowned oilfield service provider company with its presence in multiple countries. Over the years, they focused on expanding its operations and acquisitions across the untapped regions of the world. Recently they acquired the seismic operation unit of a firm to upgrade and transform its data processing management. They carry a large pool of talented resources, with employees engaged in different tasks. They also have an outstanding team of software & information management that implements the latest data-enabled technologies.
Our client was on a mission of conducting some historical analysis of the exploratory wells. In due course, they faced the following challenges:
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The ML-enabled Logistics Solution of Bizmetric delivered out of the box results. The sales touched the top figure brackets with an extraordinary improvement in productivity.