| | September 20178CIOReviewIn My OpinionDrilling for Value in the Digital OilfieldBy Greg Mitchell, MD, Deloitte The oil and gas industry is deep into a transformative period of digitization. At Deloitte, we're charting dramatic changes across the industry, generated by more accessible and applicable data, insights and technologies including analytics that better track and upgrade field operations, manage inventory, expedite supply delivery, improve worker safety and optimize, fix or replace assets.Logistical management based on data analytics is no longer just a matter of future speculation. "Self-aware" systems now lead to real-time monitoring of conditions and provide predictions for immediate responses--people, equipment, repairs, and technology--to problems or challenges around a particular well, pipeline or other field asset.Consider an operations manager stationed at a control center who receives notice of a broken telemetry at one well; then a second showing reduced production levels at a different well. The third well with a holding tank quickly reveals it is nearing capacity. Based on the work-prioritization dashboard, the system automatically dispatches a technician to each trouble spot. That leads to improved routes, identified parts, and repair needs based to be on problem priorities.At the same time, algorithms immediately kick in to order new parts or equipment, identify and schedule maintenance workers, and schedule downtime (if needed). Worker safety is tracked, and the need for manual intervention is minimized in dangerous or cost-inefficient settings.
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