Solving E&P problems with Machine Learning & Analytics

...the key to getting along at $60/bbl!! 0

Monday, November 21, 2016, London, The Geological Society



download the event report

Unmanageable and Underutilized Data
Across our industry, we are challenged by increasing amounts of data arriving ever more quickly, sometimes called the “big data” issue. The classic response to vast volumes of data is to select only a sub-set and/or to approach any analysis with a ‘going in’ model – for example to pre-judge that the key correlation is between Parameter X (for example, Cost) and some other Variable Y (for example, Delay) – rather than letting the data ‘speak’.

And, technically, scatter (XY) plot and regression loyalists are falling way behind those that are applying advanced analysis techniques to identify hidden signals in their data.

Underutilized Analytics
Advanced analysis techniques like machine learning can deliver much more value in the context of problem solving, and have demonstrated their power in the ‘big data’ shale oil and gas provinces of the USA. They truly ‘let the data speak’.

The key here is that we must avoid this becoming yet another (IT) technology solution looking for a problem to solve!

Note: This event continues from our past 'Transforming Subsurface Science!' event
held in April 2016 - see the agenda - see the delegates list

Agenda

9:30

David Bamford - Director - Finding Petroleum

Welcome & Introduction


David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham.

Since 2004, he has been a non-executive director at Tullow Oil plc, being recruited for this position especially for his exploration knowledge. He serves on the Nominations and Remuneration Committees, and was chairman of the latter, and Senior Independent Director, for 3 years prior to his retire from the board at the end of April 2014.

He joined the board of Premier Oil in May 2014.

He retired from BP plc in 2003, his last four positions being Chief Geophysicist (1990-1995), Business Unit Leader (General Manager) for first West Africa and then Norway (1995-1999), and finally Head of Exploration until 2003.

He has served on the boards of Paras Ltd, a small exploration and IS/IT consulting company in which he held 22% equity, until its sale to RPS Energy in 2008 and Welltec a/s, a Danish well engineering company, as the nominee of the private equity investor Riverside.
From 2012 to 201 he was on the board of ASX-quoted Australia Oriental Energy as a non-executive director.

He was a founder of Richmond Energy Partners, a small oil & gas research house, and several media companies that focus on the oil & gas sector, and has served as an advisor to Alliance Bernstein, Opus Executive, the Parkmead Group plc, and Kimmeridge Energy LLP. Since retiring from BP, he has undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies.

Finding Petroleum
Finding Petroleum was established to help the oil and gas industry network, and stay up to date on the latest technological developments. It does this via hosting regular events and with an online social network of nearly 10,000 members.
9:40

Gareth Morgan - Founder & Director - Terrabotics

Can a new era of Earth Observation big data & analytics add real value to O&G operations?

Talk Description.


Terrabotics
Terrabotics makes sense of a new wave of Earth Observation imagery, at scale. We develop & deploy smart algorithms to rapidly transform massive volumes of Earth Observation imagery, video & sensor data into actionable terrain intelligence & useful analytical services
10:15

Dave Camden - IM Consultant - Flare Solutions Limited

Analogue Hunter: Combining machine learning and taxonomies to leverage value in your information

Talk Description.
Since 2005, Flare have been developing an oil and gas industry taxonomy. The taxonomy represents what is known about the industry, and what products are produced.

Flare's machine learning algorithms have been able to identify themes within existing content, and by combining this with the taxonomies, field analogues, based on different factors such as reservoir age or production problems can be discovered.

This presentation covers the capabilities of current machine learning approaches, and how Flare's technology suite leverages these to help companies do more with the information they already own
Dave started in the oil business in 1976 as a field engineer in the Middle East. In 1982 he joined BG as a petrophysicist supporting the global exploration teams, going on to become their petroleum engineering manager. After BG there was a short period in IBM before Dave and a number of colleagues started Flare in 1998. Since then he has worked with many oil and service companies and government bodies, helping them manage a wide range of E&P information and data.
When not working Dave gets as far away from computer screens as he can by hiking in mountains and spending time in his garden

Flare Solutions Limited
Flare Solutions has been involved in information management projects with oil and gas companies since 1998. Projects have ranged from the development of IM strategies to product development and deployment. Flare has also been heavily involved in the development of industry standards such as the Practical Well Log Standards (PWLS) and the E&P Cataloguing Standards (EPICAT) with Energistics.

Flare has developed an application suite that originally provided search and discovery functionality, but, over time, has evolved into a more operational and collaborative toolkit. The toolkit includes the E&P Catalog, EPCat-Tracker and the Flare Oil and Gas Taxonomies.
10:50 Coffee & Tea; Exhibits

11:15

Dr Duncan Irving - Practice Partner, oil and gas - Teradata

I want to try machine learning, how do I get started?

Talk Description.
First it was Big Data, then analytics, and now it’s machine learning. There’s a lot of bandwagons to jump on but they can all drive real business value if implemented thoughtfully.

However, there’s also a lot of “gotchas” with these activities in E&P, including the data quality, data volumes, and amount of science brought to bear. I’ll show the steps that are required to spin-up and support an analytics capability in an E&P operator, and how to implement machine learning and advanced analytics to support upstream workflows.

Duncan Irving is the Oil & Gas Consulting Team Lead, EMEA & APAC with Teradata. Duncan joined Teradata from the University of Manchester where he instructed in geophysical interpretation and geocomputational methods for the last seven years. He was involved in consulting and research projects involving user interactions with massive subsurface datasets and more general upstream data management, and he continues to maintain research links as an honorary lecturer. One long term project was with Teradata and he drove the development of Teradata's capabilities in the Upstream Oil and Gas area. This time provided him with a deep understanding of the capabilities of Teradata and how they can best be used in the petroleum industry.
He is a geophysicist and also has a PhD in glacial geophysics and geotechnical engineering (why frozen ground moves faster during climate warming and how this affects infrastructure). Duncan lives in the hills outside Manchester with his wife and three children. He is a mountaineer, fell runner and is a card-carrying member of the CAMpaign for Real Ale.

Teradata
Teradata is the world's largest company solely focused on creating enterprise agility through database software, enterprise data warehousing, and analytics. It's our passion and it's all we do. For the Oil & Gas Industry it must be "now", it must be safe, and it has to scale. Whether it is upstream reservoir data analytics, production and refining real-time data analysis, operations management, or back-office ERP provisioning Teradata has the technology platform, scalability, people and approach that will allow you to do more with your data - today.
11:50

Justin Lyon - Founder & Director - Simudyne

Predicting the future with our robot overlords


Justin is one of the world's foremost experts in the field of computer-based simulation and a regular speaker on the application of AI, advanced analytics and simulation technology in solving complex problems. He regularly consults with the world's business, government and civic leaders on ways they can make radically better decisions. Justin studied at MIT and has worked in software development, strategic consultancy, sales and marketing for over 20 years. He is the founder of the pioneering technology company, Simudyne and a Director of ORDACH, a cyber-security SaaS solution developed as part of the Cyber London Accelerator (CyLon).
Personal page: http://justin-lyon.strikingly.com

Simudyne
12:25

David Bamford - Director - PetroMall Ltd

Analytics impacts the oil patch!

Talk Description.
I will review how machine learning & analytics are beginning to impact the oil & gas patch - from exploration, through project development, production optimisation, preventative maintenance and decommissioning.
Our 'armoury', the weapons that will enable us to live comfortably at $60/bbl, is expanind but.....

There is one gaping hole!

David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham.

Since 2004, he has been a non-executive director at Tullow Oil plc, being recruited for this position especially for his exploration knowledge. He serves on the Nominations and Remuneration Committees, and was chairman of the latter, and Senior Independent Director, for 3 years prior to his retire from the board at the end of April 2014.

He joined the board of Premier Oil in May 2014.

He retired from BP plc in 2003, his last four positions being Chief Geophysicist (1990-1995), Business Unit Leader (General Manager) for first West Africa and then Norway (1995-1999), and finally Head of Exploration until 2003.

He has served on the boards of Paras Ltd, a small exploration and IS/IT consulting company in which he held 22% equity, until its sale to RPS Energy in 2008 and Welltec a/s, a Danish well engineering company, as the nominee of the private equity investor Riverside.
From 2012 to 201 he was on the board of ASX-quoted Australia Oriental Energy as a non-executive director.

He was a founder of Richmond Energy Partners, a small oil & gas research house, and several media companies that focus on the oil & gas sector, and has served as an advisor to Alliance Bernstein, Opus Executive, the Parkmead Group plc, and Kimmeridge Energy LLP. Since retiring from BP, he has undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies.

PetroMall Ltd
Petromall is a unique oil and gas advisory service which prides itself on technical excellence in selected fields and supplementing business management and leadership; in the face of uncertainty.

We offer truthful, professional opinion and advice; no playback of what you already know, and no spin.

Petromall was founded by 4 senior industry and academic practitioners who consider the challenges faced by today's oil and gas environment are going to require herculean acts of leadership and technical skill in the high cost provinces of the world, in order to maintain an industry that is sustainable and even recognisable compared to recent history.

Similarly nations developing an oil and gas industry face related challenges as they seek to maximise the benefits of this new wealth-creating opportunity - in a responsible manner.

Global reach

Petromall actively participates in the facilitation and conduct of seminars worldwide, in conjunction with its associate partner Finding Petroleum.

Our presence reaches parts of the globe, such as: the UK, Malta, the USA, through partners in the Middle East, North Africa and Sub-Saharan Africa.
13:00 Raffle prize, followed by Lunch & Exhibits

Sponsors of this event

Teradata
Teradata is the world's largest company solely focused on creating enterprise agility through database software, enterprise data warehousing, and analytics. It's our passion and it's all we do. For the Oil & Gas Industry it must be "now", it must be safe, and it has to scale. Whether it is upstream reservoir data analytics, production and refining real-time data analysis, operations management, or back-office ERP provisioning Teradata has the technology platform, scalability, people and approach that will allow you to do more with your data - today.

PetroMall Ltd
Petromall is a unique oil and gas advisory service which prides itself on technical excellence in selected fields and supplementing business management and leadership; in the face of uncertainty.

We offer truthful, professional opinion and advice; no playback of what you already know, and no spin.

Petromall was founded by 4 senior industry and academic practitioners who consider the challenges faced by today's oil and gas environment are going to require herculean acts of leadership and technical skill in the high cost provinces of the world, in order to maintain an industry that is sustainable and even recognisable compared to recent history.

Similarly nations developing an oil and gas industry face related challenges as they seek to maximise the benefits of this new wealth-creating opportunity - in a responsible manner.

Global reach

Petromall actively participates in the facilitation and conduct of seminars worldwide, in conjunction with its associate partner Finding Petroleum.

Our presence reaches parts of the globe, such as: the UK, Malta, the USA, through partners in the Middle East, North Africa and Sub-Saharan Africa.

Flare Solutions Limited
Flare Solutions has been involved in information management projects with oil and gas companies since 1998. Projects have ranged from the development of IM strategies to product development and deployment. Flare has also been heavily involved in the development of industry standards such as the Practical Well Log Standards (PWLS) and the E&P Cataloguing Standards (EPICAT) with Energistics.

Flare has developed an application suite that originally provided search and discovery functionality, but, over time, has evolved into a more operational and collaborative toolkit. The toolkit includes the E&P Catalog, EPCat-Tracker and the Flare Oil and Gas Taxonomies.

Digital Energy Journal
Founded in 2006, Digital Energy Journal is the world's leading magazine for digital technology in the upstream oil and gas industry, covering developments in exploration, drilling and production, covering IT infrastructure, software, automation and people. We produce 6 issues per year, distributed by print and pdf, and an e-mail newsletter every Friday. Digital Energy Journal is published by Finding Petroleum. Subscriptions are GBP 250 a year.

McKenzie Art
Alexandra McKenzie is resident artist for Finding Petroleum and Digital Energy Journal and specialises in oil and gas, shipping and heavy engineering art.

You can see her work on the websites and programs for Finding Petroleum events and on the cover of Digital Energy Journal.

Limited edition artwork is available on sale at the Finding Petroleum event - including the artwork used on the current edition of Digital Energy Journal, available as a hand coloured lino print.

She is available for commissions, including for corporate offices, homes, banners and publications - as an interesting conversation piece or to develop interest in your products.

You can meet Alex at coffee time and lunch in the Geological Society library.

Registered Delegates

Ronald Doherty
Consulting Director
Advisian
United Kingdom
Avinga Pallangyo
Conference Organiser
Finding Petroleum
Vincent Sheppard
Chief Geophysicist
petrofac
United Kingdom
Iain Poole
Head of Oil and Gas Consultancy
Barnett Waddingham
United Kingdom
John Leggate
Managing Partner
Flamant Technologies
United Kingdom
Mohit Khanna
Chief Geologist
Petrofac
United Kingdom
John Boucher
Director
Beagle Geoscience
United Kingdom
Dave Camden
IM Consultant
Flare Solutions
Temitope Adeyinka
Energy Analyst/Economist
Petroleum Development Consultants
United Kingdom
Philipp Chladek
Analyst
Bloomberg Research
United Kingdom
Glenn Mansfield
Director
Flare Solutions Limited
United Kingdom
David Bamford

Petromall Ltd
Argiri Patouni

BP
David Sagi
Structural Geologist
Getech
Kes Heffer
Director
Reservoir Dynamics Ltd
United Kingdom
Bob Spence
Director
Capital Project Partners Ltd.
United Kingdom
Thomas O'Toole
R&D Geophysicist
Halliburton
Nick Bright

Retired
United Kingdom
James Goldwater
Senior Developer
Cegal Ltd
Ben Saunders
Geoscientist
Halliburton Landmark
Brian Hepp
President
Rocky Mountain Limited
United Kingdom
Neal Coles
Software Architect/Product Owner
Cegal Ltd (Formerly Blueback Reservoir)
Wally Jakubowicz
Managing Director
Hampton Data Services
United Kingdom
Robert Waterhouse
Director
Rosha Resources Ltd
United Kingdom
Mustafa Elsherif
Sales Manager
CGG
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
David Webber
Seismic Operations Supervisor
Sceptre Oil & Gas
United Kingdom
John Glass
Consultant Geologist
Cloverfield Consulting Ltd
United Kingdom
Alastair Reid
Consultant
IHS
United Kingdom
Sophia Fannon-Howell

SFH Consulting Ltd
Feargal Murphy

Consultant
United Kingdom
Glenn Jones
Research Associate
Imperial College London
Tom Martin
Director
Shikra Consulting
United Kingdom
Christopher Roberts
Principal
consultant
United Kingdom
Sam Fielding

Independent
Justin Lyon
Founder and director
Simudyne
micky allen
consultant
consultant
United Kingdom
Manouchehr Takin

Independent consultant
United Kingdom
Tony Edwards
CEO
Stepchange Global
United Kingdom
Dan Kunkle
Director
Count Geophysics
United Kingdom
Rahul Malhotra
Associate Partner
Infosys
United Kingdom
Peter Brownsmith
Head of Business Development - Energy UK&I
Tata Consultancy Services
Maria Mackey
Energy Sector
Cray UK
United Kingdom
Clayton Ludik
Information Systems Consultant
INTECSEA
Duncan Irving
Practice Partner, Oil & Gas
Teradata
Hermas Amaewhule
Data Scientist
DMV Solutions
Katerina Gunningham
Partner
Iskra Consulting Ltd
United Kingdom
Gareth Morgan
Managing Director
Terrabotics Ltd
Juan Cediel
Consultant
DNV GL
peter allen
consultant
layla resources
United Kingdom
Matthew Jones

Tessella
David Cleverly
Geophysicist
ENGIE
Neville Hall
Director
Llahven Ltd
United Kingdom
Peter Roberts
Business Development Manager
Tessella
United Kingdom
Telamon McCullough
Reservoir engineer
ENGIE
United Kingdom
Alan Smith
Director
Luchelan Limited
United Kingdom
Brian McBeth
Managing Partner
The Oxford Consultancy Group
United Kingdom
Jonathan Moore
Product Manager
Evaluate Energy Ltd.
United Kingdom
James Dodson
Business Development Director
NEOS
United Kingdom
Hugh Ebbutt
Independent
Upstream Adviser
United Kingdom
Chris Jepps
Technical Director
Exprodat Consulting Ltd.
United Kingdom
Mac Chipunza
Head Of IT
Ovationdata
Ugur Algan
Director
Volantice Ltd.
United Kingdom
Karl Jeffery
Editor
Finding Petroleum
United Kingdom
Robert Parker
Consultant
Parker
United Kingdom
Andrew Zolnai
Owner
zolnai.ca
United Kingdom
Richard McIntyre
Sales Manager
Finding Petroleum
Alastair Skelton
Process Consultant
Pegasystems
United Kingdom