As the oil and gas industry increases its upstream capital investment, high availability of production assets and improved production efficiency are essential to growth and continued business evolution. To add complexity, the impact of fluctuations in such environmental data as temperature, pressure, and humidity on production has generated exponential increases in the amount and variety of data oil and gas operators must manage.
As a result, oil and gas companies are increasingly adapting technologies that enable them to integrate real-time stream data capture and predictive analytics to gain real-time insights, anticipate problems before they arise, and proactively make operational decisions. With access to real-time insights, oil and gas companies are able to optimize production and supply chain, reduce asset downtime, and improve their bottom line.
DataTorrent enables oil and gas companies to:
- Minimize unplanned downtime and reduce cost and safety issues associated with asset maintenance or failures
- Monitor environmental indicators, pipelines, and refineries in real time to improve asset uptime, efficiency, and performance
- Leverage well-sensor data and predictive models to optimize oil exploration, recovery, and production, and improve short-term and long-term forecasts
- Demonstrate risk management and regulatory compliance
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