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ADVANCING ANALYTICS CAPABILITIES

8:45 am Morning Welcome

9:00 am Morning Welcome & Chairperson Introduction

  • Olarine Salako Principal Consultant, QI Geophysics & Reservoir Management, Emakemtos

9:10 am Analytics for Optimization: Predictive Maintenance in Asset Management

Synopsis

  • Predictive Maintenance is an increasingly important part of Shell’s digital strategy for Assets. A typical asset may contain thousands of individual pieces of equipment and tens of thousands of measurement instruments. While it may be possible spot early warning signs of equipment failure the scale of the problem means that it cannot be fully tackled by current methods of physics based models or rule based alarms. Machine learning techniques have allowed the development of anomaly detection algorithms which quickly be scaled up to continuously monitor such a large amount of equipment and are general enough to cover use cases in Upstream, Downstream and Integrated Gas. To enable this Shell has made use of the C3.ai software platform which has allowed these algorithms to be deployed to end users quickly and at scale. This talk will cover the end to end workflow of these applications including the anomaly detection algorithms, software platform and finally some examples of how they have already been used to realise value.

    Predictive Maintenance is an increasingly important part of Shell’s digital strategy for Assets. A typical asset may contain thousands of individual pieces of equipment and tens of thousands of measurement instruments. While it may be possible spot early warning signs of equipment failure the scale of the problem means that it cannot be fully tackled by current methods of physics based models or rule based alarms. Machine learning techniques have allowed the development of anomaly detection algorithms which quickly be scaled up to continuously monitor such a large amount of equipment and are general enough to cover use cases in Upstream, Downstream and Integrated Gas. To enable this Shell has made use of the C3.ai software platform which has allowed these algorithms to be deployed to end users quickly and at scale. This talk will cover the end to end workflow of these applications including the anomaly detection algorithms, software platform and finally some examples of how they have already been used to realise value.

9:40 am Advanced Analytics in Contractor Management

  • Mark Rivers SVP, Insights & Analytics, Management Controls
  • Roman Trevino Director of Insights and Analytics, Management Controls

Synopsis

  • Access real-time data to drive value and improve productivity across your contractor workforce for a 5% to 15% value upside
  • Use digitalization to enforce contract terms and conditions while also driving rate, skill, headcount, schedule, and other compliance items
  • Leverage 30+ years of industrial work-site best practices

 

10:10 am Achieving Improvements in Company-scale Capital Allocation with Reduced Physics and Deep Learning to Evaluate the risk/reward of new Completions in Workovers and New Drills

Synopsis

  • Learn how to integrate machine learning and physics knowledge to overcome issues with limited datasets and improve risk characterization of new completion opportunities
  • See how to use the results from data driven pipelines to high-grade opportunities and incorporate data-driven risk/uncertainty into capital planning
  • Review case study, obstacles, and techniques for deploying data science into existing workflows and decision making to make a strategic impact and avoid getting stuck in the ‘POC’ project phase

10:40 am Speed Networking

11:30 am Use Case – Utilizing Algorithms to Develop Master Data Management Strategies

Synopsis

  • Learn how to link data from multiple business units and source systems
  • Modify the underlying algorithms to incorporate reinforcement learning to help the proliferation of graph DB’s

12:00 pm Moving Away From Traditional DCA by Using Machine Learning to Predict EUR & Optimize Reservoir Design

Synopsis

  •  Looking at practical case-studies to build trustworthy data for reserves estimation
  • Exploring design optimization and well-spacing optimization to reliably estimate reserves
  • Improving statistical knowledge to effectively incorporate data

 

12:30 pm Extreme Data Makeover: From Ugly Duckling to Cinderella

  • Alice Yu Manager, Senior Data Architect, EAG 1Source

Synopsis

An exciting look into tips and tricks for supporting longer-lasting self-service analytics, with an emphasis on data preparation and transformation.

  •  Look at examples of raw, unclean data
  • Learn commonly used tools and processes for prepping and cleansing data into an usable format
  • Understand the importance of knowing your data sources, infrastructure, workflows, and layouts from the start
  • The Doing it Live Makeover: a quick mini-demo showing live transformation from raw data into usable story-telling

1:00 pm Networking Lunch Break

2:00 pm Use Case – Why we need Data Democratization to Eliminate Silos

Synopsis

• Obtain more value from data we need to understand how to safely
democratize it
• Learn how to create meaningful information by eliminating silos
• Integrate data warehouses & eliminate silos to open up data to more people
within the E&P process

2:30 pm Stepping Out of the Trenches: How Can a Macroeconomic Perspective Inform Day-To-Day Decision-Making in Reserves Estimation?

  • Ace Alexander Consulting DirDirector, Engineeringr, Constellation Energy

Synopsis

  • How does the global price of oil and gas affect the role of a reservoir engineer?
  • Keeping up-to-date with macroeconomics and relating it back to your strategy
  • Understanding the impact of the cost of services: how technology prices can reduce ROI

3:00 pm Deep Dive: Python Data Science that Works: Principles of Project Design to Ensure your Projects can Grow with Agility Beyond Proof of Concept

Synopsis

  • A deep dive into why O&G data science projects ‘fail to scale’ following successful proof of concept studies and what you can do to stop that happening
  • A practical look into how you set up a project so you can adapt when change comes your way
  • How do you structure a project to be successful, to allow you to Adapt, change and get projects commercialised from a proof of concept

4:40 pm Chair’s Closing Remarks and End of Conference

  • Olarine Salako Principal Consultant, QI Geophysics & Reservoir Management, Emakemtos

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