“The Data → End-User Point of View”

Rodnan Garcia. Manger of Energy Economics Research, Repsol

14th International JODI Conference

Session 3: Benefits of the JODI Cooperation Mechanism across the Energy Data Supply Chain

Cairo, 20 October 2019

Disclaimer

2

The views and opinions expressed in this presentation are thoseof Rodnan Garcia and do not necessarily reflect the officialpolicy or position of Repsol.

3Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

4Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

5Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA

6Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA

Information

↑

7Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA

Information

Insight

↑

↑

8Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA

Information

Insight

↑

Foresight

↑

↑

9Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA → COMMERCIAL TECHNICAL ←

Information

Insight

↑

Foresight

↑

↑

10Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

Insight

↑

Foresight

↑

↑

11Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

InsightDerivative Financial

↑

Foresight

↑

↑

12Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

InsightDerivative Financial

↑

ForesightPrescriptive Investment

↑

↑

13Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

↑PREDICTABLE OUTCOMES

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

InsightDerivative Financial

↑

ForesightPrescriptive Investment

↑

↑

14Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

↑PREDICTABLE OUTCOMES

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

InsightDerivative Financial

↑

ForesightPrescriptive Investment

↑

↑

15Source: EIA, AIE, Thomson Reuters, JODI and Economic Research Department of Repsol

The Data → End-User Point of View

Accomplishments: Rightful steps towards objectives“Timeliness, accuracy and completeness”

Challenges: Transversely among sources… It is difficult ifnot impossible to work with just one source

16Source: EIA, AIE, Thomson Reuters, JODI and Economic Research Department of Repsol

The Data → End-User Point of ViewAccomplishments: Rightful steps towards objectives “Timeliness, accuracy and completeness”Challenges: Transversely among sources… It is difficult if not impossible to work with just one source

Venezuela Crude Oil Production

0.5

1.0

1.5

2.0

2.5

3.0

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1.0

1.5

2.0

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3.0

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Bbl/

d

IEA EIA Thomson Reuters JODI

17Source: EIA, AIE, Thomson Reuters, JODI and Economic Research Department of Repsol

The Data → End-User Point of ViewAccomplishments: Rightful steps towards objectives “Timeliness, accuracy and completeness”Challenges: Transversely among sources… It is difficult if not impossible to work with just one source

Venezuela Crude Oil Production USA Petroleum Consumption

19.0

19.5

20.0

20.5

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21.5

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19.0

19.5

20.0

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Mill

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Bbl/

d

IEA EIA JODI

0.5

1.0

1.5

2.0

2.5

3.0

0.5

1.0

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Bbl/

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IEA EIA Thomson Reuters JODI

18Source: Microsoft and Economic Research Department of Repsol

The Data → End-User Point of ViewThe impact of digital revolution on our way to work with Data

We have to be prepare to meet future data-user’s expectations:

• Who? More than 75% of labor force will be millennials in 2025.

• How? 41% of employees declare to spend more time working

out of their desk than 2 years ago.

• Things are changing? Almost 90% of executives believe

digitalization will affect their sectors.

19Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

20Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

21Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

22Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

NEURAL NETWORKS

23Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

NEURAL NETWORKS

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