{"id":51310,"date":"2015-07-27T18:22:11","date_gmt":"2015-07-27T08:22:11","guid":{"rendered":"http:\/\/sinektik.com\/?p=51310"},"modified":"2015-09-07T08:33:09","modified_gmt":"2015-09-06T22:33:09","slug":"doing-more-with-less-the-opex-oxymoron","status":"publish","type":"post","link":"https:\/\/sinektik.com\/index.php\/2015\/07\/27\/doing-more-with-less-the-opex-oxymoron\/","title":{"rendered":"Doing More with Less \u2013 The OPEX Oxymoron"},"content":{"rendered":"

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\nDavid Dickson: Principal<\/em>
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Do More with Less<\/h3>\n

 
\nOil & Gas Exploration & Production (E&P) operations are resource, regulatory and now fiscally constrained. This is particularly the case in the asset-intensive Unconventional Oil & Gas (O&G) ventures prevalent in Eastern Australia\u2019s CSG and North America\u2019s Oil Sands and Shale plays. It\u2019s not only being able to access, analyse, and present all this new data, but when considering it the context of other technology initiatives and areas of operations, it\u2019s more about how & what to do with it, to achieve improved performance and meet your targets.
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\nOperators require an organisational design that results in more effective communications, processes, data management, and tools: organisations seek integrated operations (IO), and require the technology, infrastructure and environment to support them. [\/vc_column_text][vc_separator type=”transparent” position=”position_center” thickness=”1″ up=”20″ icon_pack=”font_awesome” fe_icon=”arrow_back” icon_type=”normal”]

Integrated Operations is the answer to the \u201cpeople problem\u201d1 facing the Digital Field \u2013 how organisations can ensure data and information based technologies actually leverage human capital and producing assets to achieve the operational performance promised.<\/span><\/h4><\/blockquote>[vc_separator type=”transparent” position=”center” thickness=”1″ up=”22″ icon_pack=”font_awesome” fe_icon=”arrow_back” icon_type=”normal”][vc_column_text]As such, the pace and approach to deployment is as important as the choice of technology. Only by ensuring the correct approach to both can organisations effectively consume technology and implement advanced adaptable data services, execute high performance operational processes, build reliable production plans to meet markets, accordingly synchronise maintenance plans, work together to understand problems, and routinely close gaps<\/em>, thus executing operational tasks at lower cost.
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Big Data means Big Questions<\/h3>\n

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In O&G E&P operations, Big Data means Big Questions.<\/span><\/h4><\/blockquote>[vc_separator type=”transparent” position=”center” thickness=”1″ up=”22″ icon_pack=”font_awesome” fe_icon=”arrow_back” icon_type=”normal”][vc_column_text]New information is doubling at exponential rates & confronting us with many challenges. For O&G operations, advances in measurement, ICT, data federation services, production surveillance, engineering analytics, drilling automation, event management, and collaboration, are increasing data volumes even faster. Some experts believe these volumes are growing by a factor of five each year.2<\/sup>.[\/vc_column_text][vc_separator type=”transparent” position=”position_center” thickness=”1″ up=”20″ icon_pack=”font_awesome” fe_icon=”arrow_back” icon_type=”normal”]

As we progress through this Information Revolution, management of E&P operations is accordingly challenged. It\u2019s a case of navigating through the tangle of new challenges to find the needle in the haystack.<\/span><\/h4><\/blockquote>[vc_separator type=”transparent” position=”center” thickness=”1″ up=”22″ icon_pack=”font_awesome” fe_icon=”arrow_back” icon_type=”normal”][vc_column_text]According to industry analyst firm IDC3<\/sup>, the digital universe now includes 2.7 zettabyes of data. (A zettabyte equals almost 1.1 trillion gigabytes.) Companies are struggling to store, analyse, and gain useful information from these huge volumes of data.
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\nFor example, in the recent Microsoft \u201cGlobal Enterprise Big Data Trends: 2013\u201d report4<\/sup>, nearly 300 IT decision-makers from a variety of industries were surveyed. Approximately 62 percent of respondents currently store at least 100 terabytes of data, and 32 percent expect the amount of data they store to double in the next two to three years. And the vast majority of these professionals view the ability to use growing data volumes as an important business asset.
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\nFor these firms, big data offers opportunities to create new business value. When asked about their highest big data priorities:<\/p>\n