Operational Benefits: Significant advantages included:
A single prioritized view of well operations
Real-time analysis capability for production data
Real-time feedback on well performance
Improved production and forecasting accuracy
Quick implementation as available out-of-the-box
Easily supportable and maintainable monitoring solution
Conformance and integration with corporate standards
But What Really Matters: This solution has facilitated better decision making, helping experts to take the right action at the right time to solve problems, take advantage of opportunities and improve well performance … but so what?
In this particular case, the bigger-picture business goal was time to first oil enabled by an out-of-the-box, customized solution. Even bigger than that, though, is that the refiner estimates a 4-to-6 percent production increase with real-time data networking and analysis.