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 |
