With the Oil & Gas industry in a constant state of change, now is the time to invest in ways to optimize operational efficiency. The pressure on management is immense, demand for cost reductions is increasing, and the key challenge facing operators is having to do more with less.
Added to this burden is the requirement for operators to apply solutions which enhance safety, increase reliability and uptime and reduce well construction times and costs. Implementing a proven systematic approach to planning and learning is no longer a “nice to have”; it’s an essential component in helping the industry to maximize efficiency and become more resilient.
Having worked with Oil & Gas Companies internationally, it is evidenced, repeatedly, that whilst performance improvement methodologies are available, they are a collective proliferation of spreadsheets, word processing documents and standalone operations, which, unfortunately, continually fail to achieve their efficiency aims, failing to deliver the aspired return on investment.
With clearly quantifiable benefits, now of all times is when investment needs to be made, into a solution that is guaranteed to deliver a return that significantly exceeds the initial investment.
Prediction Enterprises by Zahara Companies merges previously disconnected information into a powerful knowledge base that is accessible anytime from anywhere in the world. Vital information in the Prediction Enterprises database affords the client the ability to support extensive analysis, clear understanding of performance issues and advanced collaborative systems for planning, executing and learning.
Prediction Enterprises by Zahara Companies is an end-to-end software package for the Oil and Gas industry. Prediction Enterprises takes an organization from initiating the AFE process to analyzing the day-to-day operational aspects of implementation and execution of a drilling program. The resultant, affords an organization the ability to identify inefficiencies in the process from both an operational and a financial standpoint.
Complete automation allows analysis without the need to sift through large data sets. Given data is, with the exclusion of personnel, the single most valuable asset to an organization. It is the parametric outputs in which all decisions are made. With it, an organization has the ability to ensure they initially understand when a problem is occurring and then ensure they do not repeat the mistake. Prediction Enterprises allows an organization the ability to be proactive with their decision-making process without having to wait for end of well reports or lessons learnt. Effectively incorporating lessons learnt the following day not the following well.
Performance improvements are not just about reinventing the wheel or introducing new technologies. Prediction Enterprises simply helps an organization achieve more of their potential by getting the most out of their existing systems and processes.
Prediction Enterprises will allow a leadership team to benchmark performance, identify improvement opportunities and ultimately accelerate the learning curve. This can be achieved through a collaborative approach or individually. The earlier the engagement, the greater the opportunity for early learning.
Dedicated, instantaneous data analysis ensures the operational leadership team can confidently focus their undivided attention on managing operations and logistics, with the assurance that they have the resources in place to track performance, close out lessons learned and drive the optimization process.
Prediction Enterprises places a strong focus on what contributes to inefficiency and how time and cost savings can be made. Prediction Enterprises will equip an organization with the data required to facilitate advanced planning meetings focused on planning the work ahead, ensuring offline preparation tasks are completed ahead of the critical path and, in turn, reducing NPT.
The Prediction Enterprises Suite consists of three unique packages. Whilst each software package has complete autonomy, to achieve the most benevolent outcome it is recommended the suite is used concurrently.
Prediction F.D initiates the AFE process. It collates costing with time. From this an organization is able to produce a complete Project Costing in which the AFE is produced. In addition, Prediction F.D generates a Bill of Material (BOM) for integration into Prediction O.P. An organization is also afforded a complete financial analysis, including, but not limited to, Net Present Value (NPV). This allows an organization to foretell the consequence of achieving an efficiency within Prediction O.P. Further, an organization will be able to make an educated decision in regard to operational processes. Specifically, is it financially prudent to recomplete or drill a new wellbore? With this process being completely automated, an organization is able to effortlessly run iterations pertaining to time. As such, an organization will be able to forecast the potential financial implication of altering an operational step not just per well or rig but for the entire operation both nationally and internationally.
Prediction O.P collates every component of the daily operation. This includes all operational breakdowns such as drilling, cementing and tripping. It also integrates the costing element of that task. In addition, it collects all pertinent equipment breakdowns. With the above data in one centralized database, an organization is able to analyze every aspect of the drilling and completions process. Understanding the relationship between bit performance, the fluid properties and drilling parameters to develop preferred practices, affording an organization a roadmap to clear, repeatable successes.
Prediction H.R collates the aforementioned operational parameters and allows an organization to look at the data specifically pertaining to an organizations personnel. Understanding idiosyncrasies, a member of staff may have, providing useable data to set KPl’s, performance parameters and minimum timeframes, clearly defined, to achieve a set task. Further, Prediction H.R can be migrated to an organizations current H.R systems to elevate the duplication of human resource based processes.