Transcript Document
Improving the ROI on your Data Investment IHSE/Spotfire Collaboration European User Conference Today’s Challenge • Improve the ROI on P2000/PIDM investment through increased usage and better productivity. •How? -Increased Rate of Discovery -Better Access to Data, Reduced IT Demand -Improved Process About IHS Energy • Delivers comprehensive and accurate worldwide E&P databases • Unparalleled communication network with operators, NOCs, government agencies and service companies • 17 technical teams positioned around the world, covering activity in more than 200 countries Why Collaboration? • Why IHS Energy and Spotfire? – Help our mutual clients gain additional value from IHS Energy U.S. data – Further enhance our customers decision making processes – Prove direct links from Spotfire to PIDM – Provide better support to joint clients All content © 2003 IHS Energy, Inc. Collaboration • Both companies recognize the value of cooperation • Useful internally and externally to IHS • Initial focus on PIDM (P2000) • Developed three scenarios to demonstrate a proof of concept • Jointly seeking feedback from NA clients to guide our future relationship Proof of Concepts IHS Energy and Spotfire have outlined 3 proof of concepts against PIDM : • Success ratios and relation to production (100%) – Information Model – Process Guide – Demonstration (Today’s Presentation) • Drilling performance by field, operator (50%) – Information Model • Bypassed pay – compare perfs to known oil and gas shows (25%) – Information Model Opportunity • We have been offered the opportunity to invest in the Sand Hills field • Our company is interested in acquiring fields that show promise for further development • We explore many opportunities and need to be able to screen them quickly for the likelihood of success Success Ratio • What is the likelihood of achieving a successful well in this area? • How are our peers performing in this area? • What measures should we use to determine success? Demo Summary • We explored data directly from the IHS database • We defined our success criteria and evaluated the likelihood of success for the Sand Hills field • Identified a process that could be reapplied to future opportunities Benefits • • • • Better usage of data sources Improved data access time Reduced analysis time Knowledge of the process available to the entire enterprise • Increased likelihood for discovery • Higher return on our data investment Contact Info • Spotfire – www.spotfire.com – [email protected] • IHS Energy – www.ihsenergy.com – [email protected]