The goal of Oil & Gas providers is to meet production targets for the recovery of oil and gas deposits. In order to do so, they need insight into operational performance for exploration and production activities and the ability to spot trends that might vary against plan. Any downtime in operations can delay bringing on wells into production, causing revenue loss as well as extending the cost of running the rigs. Here are just a few dashboard examples that could help these providers manage performance, and gain comprehensive insight into their operations.
Detailed information on well exploration and production can provide a director of upstream operations with insights to better manage well operations. In this dashboard example, we see an integrated view of exploration and production management, by reporting on well details and bore data enabling insight into performance and drilling efficiency.
Production & Performance
It’s important to track production volumes against targets in real-time as well as what revenue is derived from oil and gas sales compared to the cost of extraction
In this example, the production volumes are reported and compared to the production targets for the defined well group. Revenue derived from the sales of oil and gas is also reported and compared with the cost of extracting it from the ground. The break-even cost of production per barrel equivalent is compared to benchmark prices to validate profitability.
Detailed information on well exploration delivers insight that directors need to effectively manage well operations. Well-bore data, such as Rate of Penetration and Rotary Torque, together with completion information, including Leakoff Pressures and Proppant Quantities, can allow managers to compare actual results to the development plan.