Well Master

Well Master Data Management for the E&P Enterprise

Problem: Digitization of the oilfield has given E&P users access to huge volumes of data, and gigabytes of new data are streaming in from the field daily. Data stored in unconnected, disparate databases makes it hard for users to access and find the data they need to get their jobs done. Given multiple, disparate data sources for individual assets, maintaining data consistency and accuracy over the entire lifecycle of a Well or facility can be a daunting challenge.

Solution: EnergyIQ’s Well Master is the industry’s leading cloud-based Master Data Management (MDM) solution for integrating and blending commercial, public and proprietary data sources across the Well lifecycle into a single, unified source of Trusted Data. Well Master links disparate data stores across the organization together and blends them into a unified source of Trusted Data to support the business including interpretation, analytics and AI tools. Advanced query tools allow users to quickly find the data that they are looking for and deliver it to the business solutions that need it.

 

Benefits

  • One source of Trusted Data. Single source of blended, Trusted Data from multiple commercial, public and proprietary data sources
  • Automatic data loading. Scheduled, standards-based data loading to establish a common well hierarchy, reference values and coordinate system
  • Unlock legacy data. Provide access to legacy data that is typically hidden behind an outdated user interface
  • Data validation. The EnergyIQ data validation tools can be applied to any data regardless of its source or its type
  • Faster and better decisions. Users can trust the data and spend their time on analysis rather than trying to find the right data and then validate and convert it to a format they can use
  • Better asset management. Integrate data from across the full Well lifecycle to streamline business processes and workflows. This provides the foundation for reducing the time to first oil and gas production
  • Reduced risk. Having access to the most trusted data reduces the risk of poor decisions being made. Certainty in current reporting and access to historical data is critical for operating companies
  • Lower capital cost. The ability to integrate data from multiple sources and applications into a single corporate data store provides significant opportunity for consolidation and cost reduction

Delivery Platform

All Solutions can be delivered in the Cloud or on premise.

Technology Stack

TDM is the leading E&P master data management platform for managing multiple sources of data to present a single, comprehensive view of the data to your organization.

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Automate workflows with EnergyIQ’s event management platform that seamlessly translates events into relevant activity, allowing for real-time data routing and synchronization.

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IQinsights provides a single point of access to all relevant and critical well performance information, allowing you to identify, assess and adjust business decisions quickly and cost-effectively.

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Key Functionality and Features

Well Header

Create a corporate Well Header Master either on premise or in the Cloud to provide the definitive source of Well data for the enterprise.

  • Well hierarchy blended from multiple sources to create the framework for data integration and federation based upon the PPDM ‘What is a Well?’ standards
  • Track the status of a Well across the full lifecycle for consistent reporting and identification of workflow problems.
  • Establish business rules to automate the flow of information between applications.
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Technical Data Management

TDM has the built-in functionality to load, validate, process, and deliver large volumes of technical data from multiple sources including:

  • Logs
  • Directional surveys
  • Documents
  • Cores
  • Production
  • Facilities
  • Equipment
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Application Integration

The IQexchange platform supports full bi-directional ‘full-stack’ data integration with leading interpretation platforms including:

  • OpenWorks®
  • Kingdom®
  • Geographix®
  • Petrel and Petrel Studio
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Well Header Synchronization

In addition to Well header synchronization with many lifecycle applications such as:

  • Wellview®
  • Aries®
  • Enertia

The open architecture of IQexchange allows clients to quickly develop and deploy their own integrations.

Data Query and Visualization

  • Sophisticated map-based query with ESRI® map service integration
  • Comprehensive dashboards to review query results
  • Data quality analysis and enhancement
  • Real-time data analysis through PowerBI, Spotfire®, Tableau® and other analytics tools

Data Quality and Confidence

  • Data Rules Engine to provide both confidence in data quality and to identify poor quality data requiring attention or clean up.
  • Well Matching to accurately match wells across systems beyond traditional API matching
  • Source Blending to create a well “gold record” based on company-defined business rules
  • Reference Value Management to conform data to company naming standards for search, reporting and analysis.

 

All Solutions

Level 1 - Competitive Intelligence

Level 2 - Well Master

Level 3 - Lifecycle Automation

"The TDM corporate Well Master data store ensures that all users have access to the same data to eliminate the miscommunication and mistakes between functions."

Asset Team Lead, Large Independent

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