Oil & Natural Gas

The latest information technology (IT) innovation has made the intelligent oil field possible. Massive amounts of sensor data can now be stored and searched using advanced visualization technology — allowing data to remain at the source and avoiding transmissions of massive data stores. Complex data patterns can be detected automatically, so the right person can be alerted (or the designated individual can be alerted — and a response can be initiated before a production problem occurs. The technology groundwork has been laid for the intelligent oil field to become a reality.

Therefore companies are looking for alternatives to out-dated systems supplemented with spreadsheets due to error-prone entry problems and other discrepancies. E&P companies wishing to succeed must have sophisticated systems in place that not only transact and capture data in real time, but that also provide critical business intelligence and analysis information to make optimal decisions around trade execution and position management.

CSM solutions for intelligent oil fields are creating real-time global asset awareness by enabling proactive asset management. Oil and gas companies can access the wealth of data generated from and pertaining to assets, such as real-time sensors and trend histories, which can help them, make more informed, predictive decisions about their business. Wells and fields can be managed remotely, helping to save time and money, extend the leverage of skilled resources and increase recoverable. On demand oil and gas businesses are gaining greater management oversight and bringing flexibility to staffing to help meet the personnel challenges of their industry. Our innovative new data analysis tools mine the stream of data, creating new and adaptive algorithms to assess reservoir, production and operating performance.

CSM’s solutions for the E&P industry works on a simple equation, “Give users the information they want, when they want it, and in the manner they want it to do their work”. This philosophy lends efficiency and cost-effectiveness and provides people with easy access to information directly from where it resides rather than move it to new locations. Our Asset Management Solution does just this. Web-based asset management solutions that can be easily adapted to meet each business units’ unique needs certainly should be considered key to any information architecture. That is because the access methodology these solutions use connect the company’s dispersed and disparate data assets into one access point. This is achieved through virtual integration of the data management framework, rather than by creating a master data store.