Oil prices shrunk from $115 a barrel to less than $50 a barrel forcing energy firms to reconsider their strategy. Break-even price of producing a barrel of oil needs to be reduced to counter falling prices. Reports have stated that better data analysis could boost production of oil & gas companies by up to 6-8 percent.
You can download the White paper on Interactive Business Intelligence for Oil & Gas Industry.
There is a whitepaper about Oil and Gas Analytics from Knowledge Management Solutions, a Singapore based Business Intelligence and Analytics solution provider, explains how BI can boost Oil & Gas Industry :
- Exploration and production analysis
- Loss code analysis
- Drilling and Completion analysis
- Health, Safety, Environment & Security analysis
- Production Optimization analysis
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| A sample Oil and Gas Analytics dashboard screen - Production Surveilance |
oil & gas companies
ReplyDeleteI just read your blog post, and it's incredibly informative and insightful! Thank you for sharing such valuable knowledge. If anyone is looking for reliable oil and gas accounting software, I highly recommend OptiOil. Our software suite offers advanced oil and gas production software, ensuring efficiency and precision in operations. Keep up the great work!
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ReplyDeleteRaven Labs provides insightful information that supports data-driven initiatives that increase productivity, profitability, and long-term success in all industries.
business intelligence and consulting