2018 geoLOGIC Technical Showcase - All Technical Presentations · • Cognitive Computing (AI) •...
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Transcript of 2018 geoLOGIC Technical Showcase - All Technical Presentations · • Cognitive Computing (AI) •...
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Moderator:Kirk Graham, Sound QI Solutions Ltd.
Panel Session:Adapting Strategies to the Digital Evolution
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Adapting Strategies to the Digital Evolution Panelist:
Ross BallendineDirector, Information Technology, Calfrac Well Services
Judy FairburnPast Chair at Alberta Innovates, Board Member, Calgary Economic Development, Public Policy Forum and Sustainable Development Technology Canada
Stephanie PriorSenior Vice President and Partner, EY
Keith SteevesChief Financial Officer, NAL Resources Ltd.
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Digital Transformation at NALKeith Steeves, Chief Financial Officer
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• Internet of Things (IoT)
• Cognitive Computing (AI)
• Blockchain and Smart Contracts
• Robotic Process Automation (RPA)
• Machine Learning
• Procure-to-Pay Program
• Digitization of Files
• Business Intelligence
• Operate by Exception – 60% reduction in site visits
• Maximum production deliverability
• First industry royalty payment – all royalties by YE
• Efficiencies of 20x found in finance area
• Pilot in Land Department– read 10,000 contracts
• Implemented – no A/P staff - $18MM NPV
• No paper files – all data electronic
• Real time reporting
Working on Projects –$79 Million of unrisked bottom line value
What has NAL accomplished Using portfolio of technologies
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Culture
Leadership
Skills
Capital
Workload
• Invest in value creating projects
• Facilitate staff focus and commitment
• Create an innovative culture
• Insure CEO involvement in setting direction and culture
• Enhance digital skills through training and hiring
Barriers to OvercomeIngredients for success
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• Started with a vision of the future
• Strong CEO buy in
• Stayed on message / did not decommit
• Created champions
• Looked for quick wins
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NAL’s Learnings Steps to success
• Acceptance of failure – Agile – Do it quickly
• Tied short term incentives to Strategy
• Allocated funding for Discovery, POC, & Pilots
• Quantified and tracked all projects
• Center of Excellence – Beacon for change
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geoLOGIC basinINTEL – powered by BetaZiTM
• Maximize production levels by assessingwell performance & optimizing opportunities.
• Increase profits by reducing time and costs manually generating bias production forecasts.
• Improve communication by using the same information to communicate with stakeholders on the same level.
• Make profitable acquisition decisions by basing investment decisions on accurate and consistent information.
Stop by the BetaZiTM breakout room (#1) at 1:15 pm to 3:15 pm to learn more.
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An Asset Analysis Workflow Leveraging P50 Type Well/EUR Metrics and WCFD Data
Cardium Oil
Alex Renaud, P.Eng., M.Sc., Director, Reservoir Engineering, geoLOGIC systems ltd.
Joshua WY. Lee, P.Eng., Evaluations Engineer, geoLOGIC systems ltd.
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THE TECHNOLOGY
A revolutionary analysis that offers pre-computed, accurate, repeatable and unbiased production forecasts for every well in western Canada.
It combines a probabilistic, physics-based predictive analytics model with premium data to generate P50 forecasts, type wells, and EURs, in seconds.
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5-YEAR COMMODITY PRICES (WESTERN CANADA)
WTI Source: U.S. Energy Information Administration (Jan 1986 to present). WCS Source: Alberta Energy (Jan 2009 to present) Source: Alberta Energy (Jan 2000 to present)
• Oil prices continue to strengthen since early 2016 • Gas prices continue to weaken
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THE CASE STUDY
• Consider a gas-weighted Canadian producer that is looking to increase its oilportfolio.
• The company is looking to acquire oil assets in an area/producing intervalthat has the following attributes:• a mature field with well established production• an abundant number of wells• well understood geoscience and reservoir/fluid properties• light to medium oil• IOR/EOR opportunity• drilling upside
How about the Cardium?
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INITIAL SCOPING
Consider all of the currently active horizontal oil wells producing from the Cardium in W5.
Wells must have at least 12 months historical prod.
~3,400 wells
27 Fields 58 Operators
Where do you start? You benchmark fields and operators using Type Wells and 30-year EURs with WCFD technical and cost data.
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SHORTLIST DOWN TO 3 FIELDS
Consider fields with > 50 wells with recent activity.
Avg
P50
Oil
EUR
,m3
3,357Wells
2,481Wells
Median
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TOP 3 FIELDS – P50 OIL TYPE WELL BY FIELD
(6)(5)(5)
(143)(46)(88)
(51)(8)(8)
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P50 OIL TYPE WELL YEAR-OVER-YEAR
(6)(143)(51)
(5)(46)(8)
(5)(88)(8)
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FRAC PARAMETERS COMPARED BY FIELDKaybob SouthPembina Willesden Green
Lateral Length
Avg. Frac. Spacing
Propp. Intensity
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Com
plet
ions
Cos
t (K$
)Dr
illin
g Co
st (K
$)
SELECT ONE FIELD AND BENCHMARK ITS OPERATORS
The 3 fields were vetted down to the Pembina based on it having the lowest average CAPEX.
15 Operators in PembinaCAPEX by Field
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WHAT CAN WE LEARN ABOUT THE PEMBINA CARDIUM OPERATORS
Drill Costs, K$ Comp. Costs, K$ Lateral Length, m Avg. Frac. Spacing, m
Ball & Seat, # wells Sliding Sleeve, # wells
• Drilling and completion costs trending down• Well length trending upwards• Frac spacing trending shorter• Completion technology shifting from Ball &
Seat to Sliding Sleeve
120
100
CAPE
XCo
mpl
etio
n Te
chno
logy
Wel
lbor
e Sp
ecifi
catio
ns
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DRILL DOWN TO BENCHMARK PEMBINA OPERATORS
Rank operators by P50 Oil EUR and pick the Top 3 and the Bottom 3.
39
44
161710
406417
61
12
134
1
Top 3:• Operator 1• Operator 2• Operator 3
Bottom 3: • Operator 4• Operator 5• Operator 6
AVG
P50
Oil
EUR,
m3
Ope
rato
r 1
Ope
rato
r 2
Ope
rato
r 3
Ope
rato
r 4
Ope
rato
r 5
Ope
rato
r 6
Well Count
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LENGTH NORMALIZED P50 OIL TYPE WELL BY OPERATOR
Operator Rank
Length Normalized Oil EUR (m3/m) by Operator
Leng
th N
orm
alize
d O
il EU
R (m
3 /m
)
6 5 4 2 3 1
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P50 OIL EUR VS GOR BY OPERATOR
GOR (e3m3/m3)
P50 OIL EUR vs GOR
P50
Oil
EUR
(m3)
Operator 1Operator 2Operator 3Operator 4Operator 5Operator 6
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TOP & BOTTOM THREE OPERATOR FRAC PARAMETERS (2015 – 2017)
3 4 6 2 5 1 3 4 6 2 5 1 3 4 6 2 5 1Operator Rank Operator Rank Operator Rank
Lateral Length, m Avg Frac Spacing, m Propp Intensity, Tonne/m
3 4 6 2 5 1
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BENCHMARK TOP & BOTTOM THREE OPERATORS (2015 – 2017)
Metric Operator 1 Operator 2 Operator 3 Operator 4 Operator 5 Operator 6
Well Count 44 39 17 6 4 13
P50 Oil EUR, m3 27,216 23,941 23,744 15,193 11,214 9,035
Avg Drilling Cost, K$ 1,217 n/a n/a n/a 2,717 983
Avg Comp. Cost, K$ 781 1,079 767 397(1) 1,554 691
Avg Lateral Length, m 1,707 2,002 1,482 1,530 1,412 1,439
Avg Frac Spacing, m 69 92 67 77 59 69
Avg Proppant Intensity, T/m 0.29 0.24 0.30 0.25 0.35 0.32
Technology (#B&S|#SS) 10 | 34 29 | 10 8 | 9 6 | 0 4 | 0 7 | 6
Frac Fluid (#SlickW|#Water) 44 | 0 33 | 6 17 | 0 6 | 0 4 | 0 13 | 0
(1)Only 2 of the 6 wells had completion costs.
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WELL LOCATION, LAND POSITION, & DEPLETION STRATEGY
• 3 of the 6 operators employed a water flooding strategy.
• It is important to consider the contiguous nature of the operators’ land base.
• Well spacing is also an important factor to consider.
• This study took an engineering view but G&G needs to be consulted to further understand the opportunities.
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SUMMARY
• We started off with looking at the W5 Cardium.
• Used basinINTEL to benchmark the 27 fields within the Cardium.
• Then we shortlisted down to 3 fields based on P50 Oil EUR performance.
• Integrated WCFD data to delineate the 3 fields and chose Pembina based on the lowest D&C costs for further analysis.
• Of the 15 Pembina Cardium operators we examined and benchmarked the top 3 and bottom 3 based on P50 EOR performance.
• We finished off by commenting on well locations, land position, and depletion strategy considerations.
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gDCweb DRILLING
• Drill and complete more efficient wellsby establishing factors that lead to bestcomposite performance.
• Plan better wells by integrating allrelevant datasets.
• Reduce non-productive time byproactively identifying potential issues.
• Determine best-in-class performance bybenchmarking competitors, vendors anddrilling attributes.
Now Seeking Early Data Contributors!Stop by the gDC breakout room (#2) at 1:15 pm to 3:15 pm for more details.
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A demonstration about the latest geoSCOUT modules and its unmatched features
Well Planning and Drilling:Modules Overview
Mike Seifert, Senior Technical Sales Specialist, geoLOGIC systems ltd.
Karl Olsen, Senior Technical Sales Specialist, geoLOGIC systems ltd.
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DRILLING VISION
• Deliver a comprehensive digital drilling database forwestern Canada
• Integrate seamlessly with geoLOGIC and proprietary datasets using gDC data
• Develop innovative software with optimized workflows
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SINGLE WELL: DEPTH VS TIME PLOT
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MULTI-WELL: DEPTH VS TIME PLOT: COMPARISON TOOL
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geoSCOUT’S WELL PROFILE VIEWER & WELL PLANNING
• Plan prospective wells by pairing Well ProfileViewer and Well Planning together.
• Be more confident by visualizing yourhorizontal well surveys with formations,formation elevation contours, downhole events,completions and logs.
• Control the way you see surveys byexaggerating the vertical scale of your surveysto see every detail.
• Design a toe-up or toe-down well and add aheel station in seconds by visually creating awell directly on the map.
Stop by the geoSCOUT breakout room (#4) at 1:15 pm to 3:15 pm to learn more.
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• Focus on the horizontal section of the well bore with horizontal LAS and raster log data.
• Compare multiple surveys to choose the best option before drilling.
• Pick formation tops, import grid files, and view reference surveys to compare well bores in context.
• Verify well bore locations in relation to your zones of interest.
We've added a new Well Profile Viewer module to geoSCOUT. Use it to visualize horizontal well surveys in the context of formations, formation elevation contours, downhole events, completions, and logs.
WELL PROFILE VIEWER
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• We've improved the way you add user wells from the Map Window. You can now create user surveys with your wells, and view them on geoLOGIC and company Master Maps.
• If your company subscribes to Well Profile Viewer and Well Planning, you can use Well Profile Viewer to design well surveys for new wells or re-entry into existing wells.
• Wells can now have multiple surveys, with different levels of precedence: government reported, As Drilled, As Planned, and unclassified (e.g., a survey you design but decide not to use). These classifications can also determine which well survey appears on the map.
We've made a number of enhancements to existing features and added some new ones in geoSCOUT. Combined with Well Profile Viewer, these additions make geoSCOUT a more robust well and survey planning suite.
IMPROVED WELL AND SURVEY PLANNING
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Well Spacing, Declines and More
10.25.2018
Making the most of your geoLOGIC data with Ruths.ai
Troy Ruths, Ph.D, CEO & Chief Data Scientist. Ruths.ai
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Analytics Partnership
Brings the data Brings the analytics
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Ruths.ai provides a new analytics layer
Ruths.ai Analytics
PPDM GnG Well Log
Internal
Vendor systems Custom DB Flat Files
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One integrated analytics platform
Geologic Prospect
Drill Design
Fracture DesignRate v time and performance evaluated by cumulative volumes.
Production/Pressure
Upper Bakken Shale
Middle Bakken Pay
Ruths.ai provides the “Ultimate Workflow” where everything can come together.
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Ruths.ai Analytics
Exchange.ai• Workflow exchange• “Dashboard of dashboards”• 300+ Templates• 200+ Articles, How-Tos• Online training and resources
Petro.ai• Integrate & process data• “Ultimate workflow”• Manages analytics results• Run in batch or at scale• Data science algorithms
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Analyze and Optimize
Load geoLOGIC• Well• Production• Surveys• Grids• Well Logs
Characterization• Classify Interval• Well Spacing• Interpolate Props• Well Log by Zone
Recovery• Multi Well Decline• Parameter Sensitivity• Type Curves• Economics• Field Development
Key Drivers• Relative Importance• Predict EUR• Predict GOR, CGR• Parameter Sensitivity• Sweet Spot
CI Bandit DCA Wrangler CI Bandit
DS TrainingRE TrainingGeo Training
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Load geoLOGIC Data
• Search common data types• One-click load into Spotfire• Dynamically load from marking
or filtering• Create your own templates or
use ours
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CI Bandit: Well Spacing & Volumetrics
• Calculate wine rack distance
• Vertical, horizontal spacing
• Calculate over time
• Rapid projection into “cubespace”
• Quick volumetrics analysis
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Understand parent/child relationships
• View dynamically in 3D• Calculate between midpoints,
heel or toe• Measure temporal effects• Save results
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DCA Wrangler: Reservoir AnalyticsForecast• Accurately decline thousands of wells in
seconds• Generate probabilistic type curves• Run economic simulationsAnalyze• Rich diagnostics for better quality• QC results and interactively update forecastsSave• Save & load forecasts to Petro.ai database• Read & write to ARIES, ValNav
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DCA Wrangler: Type Curve Analysis
• Probabilistic Type Curves
• Multi-segment modified Arps
• Batch curves for groups
• Normalize by any parameter
• Save & load to Petro.ai
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DCA Wrangler: Economic Modeling
• Quickly build economic models from typecurve & single well forecasts
• Load multiple price decks & economicscenarios
• Batch process multiple sensitivities
• Calculate economic results
• Save & Load to Petro.ai
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DCA Wrangler: Field Development Plan
• Generate rig schedules
• Calculate project economics
• Inputs for TC groups, D&Ctiming, years, rig count
• Iterate through multiplescenarios
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Key Drivers
TheoryBasic fundamental principles around how it works
ApplicationSee how MV models work on real data in real workflows
CommunicationLearn how to share your model and discuss it with others
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Petro.ai Chat
• Autonomous chat bot
• Faster, more intuitive analytics
• Create AOIs, decline wells, calc EUR,make type curves and more
• Robust NLP and intent logic
• Rapidly learning new skills!
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Your Analytics Partner
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geoLOGIC PREMIUM DATA
• Make better business decisions by taking advantage of premium data that is accurate, complete and analytics-ready.
• Save time and money by yielding 6x efficiency and reducing cycle time with truly integrated, PPDM compliant, structured data.
• Reduce risks by making fewer mistakes and reducing HSE incidents with corrected value-added data.
• Get peace of mind by trusting that all data additions and corrections are cross-checked and tied directly to the source.
Better Data Faster Data More Data
Stop by the gDC (#2) and geoSCOUT (#4) breakout rooms at 1:15 pm to 3:15 pm to learn more.
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An exciting workflow presentation of the latest advancements at geoLOGIC including additions to our premium data sets
New and Enhanced Workflows in geoSCOUT
Clinton Conway, Senior Product Advisor, geoLOGIC systems ltd.
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What’s new in
• Enhanced Workflows• New Data Attributes• Analyze and Visualize Data in New Ways
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• Identify operated and working interest wells in an area• Identify the top operators in the area• Map the related and undeveloped land• Look at the frac technology evolution over time• Utilize Well, Frac and Production data to visualize key metrics• Review Fluid Analysis data to determine gas liquids content
A LOOK AT NEW geoSCOUT FEATURES
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• Ownership Analysis – Undeveloped Land• Land Module – Addition of the Listing Report• Global Post – Post to Any Layer• Frac Module – Addition of Frac Focus Data• Well Ticket – BOE and Lateral Length• Data Analytics - Pressure Data• Production
- BOE- Working Interest for Multi-Group Plot- Divisor Setting: Lateral Length, Stages, Proppant Pumped, Completed Length- Proprietary Production
• Fluid Analysis – Condensate Data
ENHANCED geoSCOUT WORKFLOWS
