The energy, oil and gas industry is considered to be one of the most data-intensive sectors that exists today.
Data flowing in from sensor-enabled machinery, geological models, and seismic software platforms are inundating companies with data, and presenting complex challenges for companies operating on legacy infrastructures. Without the right tools to access, process, and analyze it, some are finding themselves data rich but insight poor.
A recent study commissioned by the U.S. Energy Information Administration found that U.S. horizontal well drilling costs now average between $1.8 million and $2.6 million per well, and drilling only represents 30-40 percent of the total cost to develop a new well. Drilling is one of the most complex and expensive endeavors in the industry, and it’s never been more vital for companies to properly appraise new sites and ensure that newly tapped wells will produce.
Energy companies are investing heavily in advanced tools like high performance computing (HPC), seismic processing and imaging software, and remote visualization in an effort to better understand what lies beneath the earth’s subsurface and determine the best ways to extract it.
Remote visualization is one segment of HPC that is a natural fit for the energy industry. Remote visualization, which allows critical business information to be hosted in the data center while a copy is accessed and edited by a remote desktop, allows geographically dispersed exploration teams to produce high-quality images and 3D visualizations regardless of their location.
Remote visualization tools are proven to help streamline oil and gas exploration and production in a number of ways:
- Discover untapped reserves – Teams can quickly interpret data from seismic surveys and produce high-quality 3D images that help them locate new deposits.
- Appraise sites with less exploratory drilling – Geoscientists can gain a more accurate understanding of the fluids and materials that lie within a prospective site, enhancing predictive capabilities and oil recovery rates.
- Enhance collaboration and productivity – Real-time synchronization allows multiple users and geographically-separated teams to work with the same models and images, increasing communication and collaboration.
New computing technologies are helping energy companies better compete and succeed in a complex, data-intensive market. Accelerate decision-making and time-to-value with remote visualization tools custom-built for time-critical interpretation and drilling environments – something which has become crucial in an industry where time is money.
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