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Petroleum Data Analytics

The document discusses the challenges of data management in the petroleum industry and emphasizes the importance of data analytics for decision-making and predicting future scenarios. It highlights the evolution of data analytics tools and techniques, including big data, machine learning, and artificial intelligence, which are essential for optimizing outcomes in the industry. The author, Luigi Saputelli, shares insights on the necessity for rapid adaptation to these evolving technologies to remain competitive.

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37 views2 pages

Petroleum Data Analytics

The document discusses the challenges of data management in the petroleum industry and emphasizes the importance of data analytics for decision-making and predicting future scenarios. It highlights the evolution of data analytics tools and techniques, including big data, machine learning, and artificial intelligence, which are essential for optimizing outcomes in the industry. The author, Luigi Saputelli, shares insights on the necessity for rapid adaptation to these evolving technologies to remain competitive.

Uploaded by

narimanpashayev157
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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3/22/2018 Petroleum Data Analytics

Petroleum Data Analytics


Luigi Saputelli, SPE, Senior Reservoir Engineering Adviser, ADNOC, and Frontender Corporation | 01
October 2016

One of the many challenges we face today in the petroleum industry is the management of data and
information. In some instances, we are overwhelmed by the amount and diversity of formats, and, in
other cases, we are blinded from the right information to understand a process (What has happened?),
to predict the immediate future (What could happen?), or to make proper decisions (What should we
do?). The answer to these questions is data analytics supporting appropriate engineering and
management judgment and the modeling of actual energy scenarios. Data analytics for strategic
decision making is being constantly developed to mitigate low-oil-price scenarios.

For many decades, our technical and business processes have benefited from the wide use of data
statistics for decision making. In many instances, predicting and prescribing have relied more on data
evidences and trends than on first-principle simulation models. The advancement of computational
power, sensor availability, and engineering models has promoted the exponential growth of data types
and volumes. Data-driven techniques also have diversified and improved to address such incremental
complexities. We are now referring to the professionals who manage and find value from data as “data
scientists,” and we are calling the management of large and complex data volumes “big data.”

Data analytics, either big or small, is the collection of tools that leverages data collection, aggregation,
processing, and analysis for describing insights into the past, predicting future performance, and
prescribing actions from the optimization of possible outcomes. Current trends of data analytics differ
from traditional statistics in the sense that the new data-driven predictive and prescriptive models go
beyond data averaging, outlier detection, correlations, and multiple-parameter regression fitting.

Data-analytics tools may include one or more of the following groups: statistics (regression, time series,
and factor analysis); pattern recognition (Markov models, principal components, ensemble averaging,
classification, and regression); business intelligence (key-performance-indicator dashboards,
multidimensional visualization); artificial intelligence for planning, creativity, perception, and social
intelligence (knowledge representation, neural networks, support vector machines, Bayesian inference,
decision tree, natural-language programming); machine learning (inductive logic programming, rule
learning, and clustering); and management of large data sets, distributed and parallel computing, cloud
computing services, and data cleansing and profiling.

A graduate degree may be required to master some of the techniques around data analytics, and
decades may be required to adopt them across the industry, but it is also true that many of these
techniques are evolving at such a fast pace that they become obsolete by the time we plan to roll out a
trial pilot. We need to learn how to experiment with, implement, and capture results from data analytics
faster than ever. We either evolve quickly or disappear.

This Month's Technical Papers


Functional Approach to Data Mining, Forecasting, and Uncertainty Quantification

Mitigating Drilling Dysfunction With a Drilling Advisory System

Big-Data Analytics for Predictive Maintenance Modeling: Challenges and Opportunities

Recommended Additional Reading


https://www.spe.org/en/print-article/?art=1876 1/2
3/22/2018 Petroleum Data Analytics

SPE 176791 Use of Regression and Bootstrapping in Drilling Inference and Prediction by Chiranth M.
Hegde, The University of Texas at Austin, et al.

SPE 174985 Topological Data Analysis To Solve Big-Data Problem in Reservoir Engineering: Application
to Inverted 4D-Seismic Data by Abdulhamed Alfaleh, Saudi Aramco, et al.

SPE 179958 Detecting and Removing Outliers in Production Data To Enhance Production Forecasting
by Nitinkumar L. Chaudhary, University of Houston, et al.

Luigi Saputelli, SPE, is a senior reservoir-engineering adviser with ADNOC. During


the past 25 years, he has held various positions as reservoir engineer, drilling
engineer, and production engineer. Saputelli previously worked for 3 years with Hess
Corporation, for 5 years with Halliburton, and for 11 years with Petróleos de
Venezuela. He is a founding member of the SPE Petroleum Data-Driven Analytics
technical section and recipient of the 2015 SPE International Production and
Operations Award. Saputelli has authored or coauthored more than 70 technical
publications in the areas of digital oil field, reservoir management, reservoir engineering, real-time
optimization, and production operations. He holds a BS degree in electronic engineering from
Universidad Simon Bolívar, an MS degree in petroleum engineering from Imperial College London,
and a PhD degree in chemical engineering from the University of Houston. Saputelli serves on the
JPT Editorial Committee, the SPE Production and Operations Advisory Committee, and the Reservoir
Description and Dynamics Digital Oil Field subcommittee. He has served as reviewer for SPE Journal
and SPE Reservoir Evaluation & Engineering and as an associate editor for SPE Economics &
Management.Saputelli also serves as managing partner at Frontender, a petroleum engineering
services firm based in Houston. He can be reached at [email protected].

Petroleum Data Analytics

Luigi Saputelli, SPE, Senior Reservoir Engineering Adviser, ADNOC, and Frontender Corporation

01 October 2016

Volume: 68 | Issue: 10

https://www.spe.org/en/print-article/?art=1876 2/2

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