Four Steps to Becoming Proactive in Oil and Gas Operations

Your daily office is an oil field filled with hundreds of wells, each outputting massive amounts of data.   So much data, that as an O&G operator we often miss signs of failure, even when there were signs in the data months in advance.

With so much information coming from so many sources, as operators, we find ourselves only intervening when assets have failed, or issues are observed on daily rounds.  

Today, oil and gas companies have a multitude of controllers and software to assist with the operation and optimization of our wells.  While there are various programs that help us predict the optimal performance of wells from a visual standpoint, they lack the capability to do more than create simple alerts. This leaves us constantly reacting, trying to prioritize where our time is best spent, and working hard just to keep up.

The Proactive Organization

Proactive operators are now adopting advanced software tools that use analytics because these systems add critical value: helping operators do more with less while getting more out of their wells.

Some examples of specific areas where an advanced monitoring tool can create value include:

So how do you start on this journey of becoming a proactive organization using advanced tools?

Four Steps to Becoming Proactive in Oil and Gas Operations

By working with operators across tens of thousands of pieces of equipment, we have identified four key steps to the journey to becoming a proactive operator.  

Start With a Specific Use Case

Determine What Data You Have

Figure Out What Analytics You Need

Build and Test in an Iterative Cycle

Reactive operations leave engineers in a constant state of flux. By utilizing software that helps you do more with less, gives you complete control, you can not only garner increased oil production, but a more efficient operation to improve decisions and processes going forward for desired business gains.  

At NarrativeWave, we have helped numerous operators get started quickly and easily along this journey. Learn more about our value-driving process here.