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ARC has been opining about the need for upstream oil & gas companies to consider any and all forms of automation, advanced technologies, analytics, and IIoT enabled solutions to drive out costs, increase collaboration, improve recovery rates, speed time to first oil, and help maintain margin in the face of a low relative price environment. Anadarko is just but the latest of companies to begin embracing Cloud-based solutions in order to rapidly mine, visualize, analyze, and share multiple data sources in order to quickly make time-sensitive decisions on where to best direct resources by signing a contract to integrate PetroDE's cloud-based decision engine technology into its workflow.
PetroDE helps Exploration, New Ventures, and Production Teams keep fully informed of competitor activities with heat maps that show plans for the newest horizontals, results from the latest wells, gross perforated intervals and more. No more searching for data in one system then downloading to another. Operational Teams reduce their weekly drilling meetings by a third. Land and Regulatory Teams quickly and easily share all the data required to make sound decisions.
PetroDE offers Virtual Private Accelerated Cloud (VPAC) for companies wanting to keep proprietary data behind their firewall, and uses patent pending technology to make integrating and analyzing each team's proprietary and vendor data fast and easy.
Upstream oil & gas companies can no longer afford to not invest in automation and technologies that will help them to improve their operational performance, increase collaboration, increase EUR, or improve profitability. ARC believes that those companies that take decisive action today will be well rewarded in the coming months when oil prices begin their gradual rise towards perhaps a new normal trading range of in the $80s per barrel.
Posted in IIoT and I4.0 Viewpoints