IHSE/Spotfire Collaboration European User Conference

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Presentation transcript:

IHSE/Spotfire Collaboration European User Conference Improving the ROI on your Data Investment IHSE/Spotfire Collaboration European User Conference

Today’s Challenge Improve the ROI on P2000/PIDM investment through increased usage and better productivity. How? Increased Rate of Discovery Better Access to Data, Reduced IT Demand Improved Process

About IHS Energy Delivers comprehensive and accurate worldwide E&P databases Unparalleled communication network with operators, NOCs, government agencies and service companies 17 technical teams positioned around the world, covering activity in more than 200 countries

Why Collaboration? Why IHS Energy and Spotfire? Help our mutual clients gain additional value from IHS Energy U.S. data Further enhance our customers decision making processes Prove direct links from Spotfire to PIDM Provide better support to joint clients All content © 2003 IHS Energy, Inc.

Collaboration Both companies recognize the value of cooperation Useful internally and externally to IHS Initial focus on PIDM (P2000) Developed three scenarios to demonstrate a proof of concept Jointly seeking feedback from NA clients to guide our future relationship

Proof of Concepts IHS Energy and Spotfire have outlined 3 proof of concepts against PIDM : Success ratios and relation to production (100%) Information Model Process Guide Demonstration (Today’s Presentation) Drilling performance by field, operator (50%) Bypassed pay – compare perfs to known oil and gas shows (25%)

Opportunity We have been offered the opportunity to invest in the Sand Hills field Our company is interested in acquiring fields that show promise for further development We explore many opportunities and need to be able to screen them quickly for the likelihood of success

Success Ratio What is the likelihood of achieving a successful well in this area? How are our peers performing in this area? What measures should we use to determine success?

Demo

Summary We explored data directly from the IHS database We defined our success criteria and evaluated the likelihood of success for the Sand Hills field Identified a process that could be reapplied to future opportunities

Benefits Better usage of data sources Improved data access time Reduced analysis time Knowledge of the process available to the entire enterprise Increased likelihood for discovery Higher return on our data investment

Contact Info Spotfire www.spotfire.com Info@spotfire.com IHS Energy www.ihsenergy.com timothy.hopkins@ihsenergy.com