Adding Value With Analytics

Andy Young, Pioneer Energy, USA, explains how data analytics software allows operators to evaluate performance at remote well sites.

The oil and gas industry, like many others, is collecting and storing ever larger volumes of data. Although, there is value in this data, it is often difficult to unearth using conventional analysis tolls such as spreadsheets. To address this issue, new data analytics software platforms are being introduced specifically to deal with time-series data.