Tableau for Oil and Gas Analytics
Tableau outstanding and remarkable features and services are what make it the perfect tool for improving profitability and simplifies your works. You need immediate results from your analytics, without programming and intensive report building. Industry leaders are already using Tableau for their oil and gas analytics, including:
Upstream analysis: rapid benchmarking and model guidance.
Cross stream analysis: understanding disparate data.
Downstream analysis: client portals & industry publications.
A wide variation of oil and gas well visualizations.
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Stay on top of your production and losses Increasing production and reducing downtime are two critical goals for oil and gas production companies. And achieving these outcomes relies on an efficient supply of information. Tableau can connect with your production and downtime data in almost any format, presenting even substantial quantities of data in these two simple dashboards. The first dashboard focuses on production surveillance. This includes an overview of your production field and a closer look at performance (target vs. actual) by month and by individual well. Clicking the second tab brings you to another dashboard that analyzes downtime losses by geography, month, well and category. Most importantly, you can customize your view using the filter panel at the top, giving you greater control over the information you want to see.
Monitor the output of all of your assets from one dashboard Oil and Gas analytics is heavily focused on geography. Business decisions such as abandonment costs, local human resources, foreign entity taxation, legal issues, and operating/lease agreements need to be effectively managed in order to maximize downstream profits while minimizing upstream costs. In Tableau you can combine geographic views with your other analyses, including powerful dashboard highlighting and filtering that relates information between them. By selecting certain regions or even individual wells, business information updates automatically.
Quickly create benchmarks and model guidance Analysis of your natural resources portfolio at all stages of development is a challenging task. Common research tasks can take days to complete due to the complexity of the business environment, the complex subject matter, and the sheer volume of information available. Tableau allows your teams to quickly identify resource allocations, reservoir output trends, and profile patterns using visual analysis – all within a powerful application suite that can be used by anyone who knows Excel. This view shows an overview of your well and reservoir portfolio with built-in “reference lines.” These lines can include basic banding such as six sigma distributions, or they can be customized to your needs. Imagine being able to apply an injection model – for example Co2 versus H2O - to this view to see which wells responded with more or less water or oil output. As you explore, you will naturally want to apply filter criteria – available on the dashboard directly - to see the actual data versus your expected benchmarks. Tableau eliminates the need to create complex statistical calculations by providing visual analytics for these calculations.
Manage disparate data and find new insights A particular challenge is the need to analyze separate information stores. Emergency response, event management and research teams all require tools that allow them to perform deep data immersion analytics. Tableau dashboards combine multiple sets of information and relate them so that you can find patterns. This dashboard shows rig locations. Filter to a country and select the well and junction type. Then when you click on a well in the top left view, you get nearby earthquakes activity and detail on that well.
Create client portals and industry publications How can you get your downstream analysis to teams in a way that is visual, interactive and easy? How do you build online portals – internal or external - without suffering from the cost and inflexibility of a slow-moving business intelligence platform? Tableau lets you construct information portals without heavy development. Tableau Server installs quickly and scales to tens of thousands of private or public users on the web. Then you can embed oil and gas well visualizations in a broader intranet or extranet portal initiative, or use them as a stand-alone system. The level of data access and interactivity is under your control and can vary according to your needs. Advanced users can be given access to the underlying data for one-click import into their own spreadsheets. This dashboarding application lets you compare upstream and downstream elements of an asset portfolio inside a cohesive view. In this example, common but unrelated criteria such as well production, injection levels, and revenue factors are combined. The visual is dynamic and can be directly controlled by the web audience. Here we can compare individual wells to each other, across regions, reservoirs, and time periods.
Provide valuable reports in minutes Whether information is for internal use or for the public, presenting rich and detailed industry statistics is difficult without using Tableau. Common marketing tasks - the one shown here contains information oil and gas companies generally provide to the general public – can take months to accomplish. With Tableau, these types of interactive dashboards can be created in minutes, and published to an intranet or to the public web instantly.