Hitachi Solutions - Oil and Gas Upstream Analytics

Hitachi Solutions analyses the weekly energy production data for the Oil & Gas Upstream business, to compare the production numbers with its previous week and to determine its top gainers and losers of energy products and regions, thus optimizing the business’s energy exploration initiatives.

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Problem

Energy production analysis remains the core of Oil & Gas industry, which continues to get competitive due to volatile oil prices and geopolitical economic conditions. In order to focus energy production in the key exploration areas, Hitachi Solutions Oil & Gas Upstream analytics utilizes the weekly energy production data for deriving insights that help organizations optimize its operations. The solution also explores weekly downtime and safety statistics that provides executives key insights into their top operational and safety KPIs.

Solution

Hitachi’s solution analyses weekly energy production data and compares the production numbers with the prior week productions, estimates, and budgets for highlighting trends. Key components of the solution are:
  • Energy production numbers are analyzed across the energy product categories (Oil, Gas, NGL, and Condensate) to highlight the top gainers and losers for the week
  • Weekly energy production numbers are compared with the budgets and sales estimate to show on-target / off-target production and a historical energy production timeline
  • Weekly operational data is analyzed to highlight the operational (RIG) downtime %, along with the frequently occurring fault codes for a RIG operation
  • Weekly safety data is analyzed to highlight the Injury Ratio (IR) and Long Term Injury Ratio (LTIR) indicating the historical and present-day safety

Value

Hitachi Solutions Oil and Gas Upstream analytics solution help the Oil & Gas Upstream business achieve production efficiencies by highlighting the most and the least efficient energy-producing products and regions. The solution also provides an up-to-date and historical operational and safety statistics. The solution provides the business a rear view synopsis on the energy production and helps the business take preventive steps in the future for achieving greater exploration efficiencies. 

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