Digital Trends in the Oil & Gas Industry John Brantley IBM General Manager Chemicals & Petroleum Industries
Digital Transformation is disrupting every industry 2
Worldwide analyst predictions for oil and gas 5. Digital Transformation: By 2019, oil and gas companies that executed digital transformation plans in 2016 will have reduced 7 costs and increased efficiencies (10-50%) by evolving IT…
The digital transformation of the oil and gas industry is well underway and accelerating Three Data is becoming The emergence of Social media shifts the worlds new natural cloud is conversations are transforming resource,…
Digital transformation addresses industry challenges Developing Finding more Creating more Making new analytic innovative innovative customer and and ways to solutions to operations technological operate plant, optimize oil…
Cognitive solutions are central to digital transformation A new capability between humans and technology 5
Cognitive Systems Powered by IBM Watson Right now there are 1 Billion Watson users IBM Watson is transforming the oil and gas industry 7 6
Right now, we are helping clients with their digital Creating Developing new innovative analytic reinvention journeys; they are solutions and to optimize oil technological in various stages, from R&D production solutions and…
Together with clients and partners we are building out the cognitive road map for the oil and gas industry 9
WHO WE ARE Developing and delivering prescriptive chemistry- based technology, including specialty chemicals, to clients in the energy, consumer industrials and food & beverage industries.
THE Complicated OPPORTUNITY: ICON EVOLVING FROM ICON COMPLICATED TO ICON COMPLEX PROBLEM ICON SOLVING ICON ICON Complex Dynamic, forward-looking analytics to solve complex challenges throughout the entire life-cycle of the…
Industry Backdrop Costs shift from drilling to completions Prevailing factors Complicated problem-solving for complex situations Cost-driving at expense of overall production output Efficiency over efficacy Backward looking…
Chemistry critical to maximizing performance and ultimate recovery Industry recovery underway, led by U.S. shale. Technology and innovation are reducing break-evens. Document Control & Tracking Drill times, spacing, proppant loading…
Corpus of Knowledge From efficient to effective Fluids Chemistry Cognitive Complex problem-solving Geology Perforation Analysis Enhance the Proppant Flowback through performance of wells Lateral throughout their entire Length…
TIMELINE 2015 2016 2017 2018 January: Received Software Recognized September: opportunity to First IBM + April: IBM + FLOTEK transform industry FLOTEK announced a global agreement decision making Domestic & meeting to jointly…
PATHWAY TO COMMERCIALIZATION Reservoir Performance as a Service Structured to reduce risk Pricing model offers scaled benefits With IBM Watson we will evolve from being REACTIVE to PREDICTIVE with data 2016 IBM Corporation
WHATS NEXT FOR THE INDUSTRY 68% of oil and gas companies invested more than 100 million each in data analytics during the past two years Nearly three quarters of those firms planned to allocate between 6 and 10 percent of their capital…
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