Prior to the global oil industry downturn, shale oil’s record output had been rewriting the U.S. production story. However, with higher drilling and fracking costs make shale oil extraction more expensive than conventional drilling, operators were looking for innovative techniques for saving time and money in order to survive and thrive.
Thus, a unique big data analytics platform was born in the United States which redefined how engineers make real-time decisions that lead to drill cheaper, faster wells. Already used by major oil companies and more than 43 US independents, it is focused on letting machine intelligence guide human engineering behaviors to derive insights previously not available.
As the platform made E&P companies more agile — both in business and operations — Moblize’s explosive growth during a major global downturn earned it accolades and several awards in the energy sector. Moblize was ranked as a “Top 360 Entrepreneurial Company In America.” Darcy Partners selected Moblize as the only innovative solution for drilling to present at their Calgary Innovation Summit. It was also recently shortlisted for the Digital Innovator Award, which will be presented June 12th, 2018, at the Global Petroleum Show.
Amplifying and Augmenting Engineers’ Intelligence Daily
Moblize developed the platform to be user-centric and highly intuitive, with complexity built into the information — not the displays. Considering applications today such as Uber, Amazon, and Airbnb, we as consumers instantly take action on the insights they present. We don’t doubt the data. We don’t worry about having to scrub the data. We simply trust the insights shown and act on them. The big data analytics platform Moblize created is now proven to give drilling engineers the same experience of a single source of truth for their planning, daily operations, post-well analysis, and reporting.
“With this innovative platform, inefficiencies were eliminated because accurate, actionable, real-time data had never been more real in drilling and completion operations. Not just within the hour or several hours, but data-readiness instantly — and not driven by reports that engineers fill out manually on-site with only general descriptions of what is occurring.” As engineers realized how the platform was leveraging their brainpower, they became increasingly engaged in using it. The effect was even greater when significant drilling performance improvements were made in fields already seen as optimized.
Quantified examples of money savings include:
- The frequent elimination of bit and wiper trips, even prior to running the BHA component optimization multivariable workflow analysis ($30,000+/well)
- Bit runs extended by 500-1,000 feet ($30,000+/well)
- Using auto-captured and interpreted PU/SO readings on trips to compare real-time hook loads to models, resulting in stuck pipe avoidance ($150,000+/well) and leading to large cost reductions through well design improvements and longer horizontal wellbores
A representative of a major oil company drove home how the software platform allows him to make faster, smarter decisions which enable him to drill wells with greater speed and reduced risk. “It’s a single source of truth. Everything’s only two clicks away: no data preparation, no data scrubbing required, and actionable insights are available instantly.” That contrasts with the common piecemeal approach: one tool for visualization, another one for well planning, another for analytics, and yet more for optimization. In drilling dynamics, now all the tools are in one place for split-second decision-making powered by machine intelligence: Moblize.