Analytics and Big Data in the Oil Field Occidental Petroleum Corporation May 9, 2017 Vicki Hollub President and Chief Executive Officer Jody Elliott Senior Vice President, President, Oxy Oil and Gas David Bowlby Vice President, Data…
Agenda Introduction Oxys Journey to Digital Transformation Re-Imagined Oilfield (RIO) Whats Next Driving Value Through Data Analytics 3
Differentiated Creating shareholder value over the long-term Value-Based Approach Culture of innovative technology and process Subsurface characterization More Oil Integrated development planning Oxy Drilling Dynamics Less Cost…
Net Operated 2016 Net Oxy Permian Business Overview Oxy Permian Acres Wells* Production Mboed Resources Unconventional Areas 1.4 5,150 124 Enhanced Oil Recovery Areas 1.1 19,310 145 Oxy Permian Total 2.5MM 24,460 269 Largest…
Our Journey to Digital Transformation Production Optimization Consolidated ERP Systems Institutionalized Processes Integration of operational, technical and and Tools financial data Single reporting repository Global Supply Chain…
Capturing and Executing Innovative Ideas Oxys Innovation Process Current Innovation Pipeline Statistics and Results A flexible system that flows, changes form in real time, and seeks the most natural path to its destination.…
Data Science Going Beyond Interesting Data Collection & Profiling Insight & Recommendations Computational Methods Key Levers University Partnerships Optimization Data & Analytics Domain Expertise O&G Industry Oxy & Industry…
Driving Value Bit Algorithm the Bit Predicts bit location using physics +machine learning Projection Distance Calculates dogleg severity, build/turn rate, motor Bit + Target yield 325K avg. per rig savings Vendor performance…
Driving Value the Reservoir Observation Well Injection Well Vent Well Target=100MM Steam/Water/CO2 Field decisions that optimize daily total field Leverage field data and new production data sources Temp, Press Optimize over…
Driving Value Lift System Diagnostic/Optimization the Well Leverages artificial intelligence and pattern recognition Increase run life Proprietary deviated well algorithms based on mechanical engineering+applied mathematics Earlier…
Driving Value Field Development Multivariate Modelling Augments, validates and quickens existing practices Predictive, interactive multivariate statistical model that predicts geologic sweet spot areas and compares completion…
The Possibilities Are Endless Retention & Risk Management Field Development Identifying Organization Issues Where to Drill Risk Management Capital Optimization Lease Management Analytics Production HES Workforce Management…
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