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How to Strike Black Gold with Big Data?

GENERATING ANALYTICS IMPACT STRIKING (BLACK) GOLD WITH BIG DATA REIMAGINING OIL EXPLORATION OPERATIONS WITH PREDICTIVE LITHOLOGY XXXXXXXXI XXXXXXXX XXXXXXXX VOLATILE OIL PRICES, rising costs and challenging operating conditions make oil and gas exploration and production decisions complicated TRADITIONAL EXPLORATION Visual core analysis by geologists is tedious and reactive; weeks before corrective action is Analyzing terabytes of drill hole sensor data is complex, time-consuming and needs scale PROVIDE STEER VISIBILITY EFFECTIVENESS taken 10 07 EXECUTE ACTIONS New wells can take 2 of 3 wells do not meet targets due to unexpected geology or hazards $100 million to drill Drilling operations can cost $1 million/day INTELLIGENT EXPLORATION OPERATIONS INNOVATIVE FUZZY LOGIC harnesses A SPECIALIZED BIG DATA SYSTEM Intelligent Process Insights Engine - distills high volumes of data geologists' expertise to create a predictive map of area lithology in hours rather than weeks PROVIDE VISIBILITY STEER EFFECTIVENESS 3 4TB OF SENSOR DATA processed from each well every day EXECUTE ACTIONS IMPACT $1 million in savings every week 90% Unlimited accurate lithology scalability predictions compared with visual core analysis Genpact (NYSE: G) stands for "generating business impact." We are a global leader in digitally-powered business process management and services. Our Lean DigitalSM approach and patented Smart Enterprise ProcessesSM framework reimagine our clients' end-to-end, including the middle and back offices - to deliver growth, efficiency, and business agility. First as a part of GE and later as an independent company, we have been passionately serving strategic client relationships including many Fortune Global 500, and have grown to over 70,000 people. The resulting domain expertise and experience running complex operations are unique and help us drive choices across technology, analytics, and organizational design. GENPACT GENERATING IMPACT SM For more information, contact us on analytics.marketing@genpact.com, f in You visit www.genpact.com/home/solutions/analytics-research Follow Genpact on Twitter, Facebook, Linkedin and YouTube Tuhe VAVAV FAVAVA

How to Strike Black Gold with Big Data?

shared by pawankumar168810 on Jan 13
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A major oil and gas company reimagines oil exploration operations with predictive lithology and improves prediction accuracy, increases scalability and reduces cost.

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