Hitachi Solutions applies advanced analytics and machine learning techniques to study the SAGD (Steam Assisted Gravity Drainage) oil production parameters to optimize the oil production, maximizing profit for Operators.Contatta partner Guarda il video
In an environment where volatile oil prices have become a reality, SAGD oil producers are experiencing significant cash flow pressure. In order to remain competitive, operators are leveraging Hitachi Solution’s offerings to optimize well parameters and to maximize the outputs for oil production.
Our Advanced Analytics solution allows operators to optimize the input parameters used for the extraction of oil from the well. Key highlights include:
• Historical values for well input parameters (pressure, steam, casing gas, etc.) are analysed and studied for understanding the correlation to oil production
• With the scenario analysis, operators can do “what-if” analysis to assess the solutions’ performance in the field “without” actually being in the field. This approach allows for minimal to no disruption or risk to the business while providing greater insights for the operator
• Machine learning techniques are applied to the model for predicting the oil and water production levels and are then plotted with the actual production levels for assessing the accuracy of the model
• Operational and financial results from the optimized model are compared for providing real time Return on Investment
Hitachi Solutions can help the business increase oil production by 45%, reduce water production, increase the Net Present Value and reduce the payback on the investment by years. The solution supports the business to adjust the input parameters to the optimal values for maximizing oil production while reducing the water consumption. Optimal values generated from the models help the business realize financial value from using analytics.
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