Upstream - E&P

Oil and Gas > Upstream

Geology and Exploration

  • How can we analyze production growth rates across different regions over the past years?
  • How do our field costs and booked costs compare against each other and against the budget?
  • Which locations contribute significantly to the production stream?
  • Can we identify under-performing locations and investigate the contributing factors?
  • Is our exploration productivity in line with company objectives? Has our overall well count increased?
  • Can we perform comprehensive financial analysis and explore the impact of management actions on the organization’s financial results?
  • What is the impact of CAPEX spending on current and future production levels?

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Oil and Gas Executive Dashboards - Capital Expenditure

 1. Capital Expenditure

  • The CAPEX Dashboard provides a comprehensive view of budget and actuals, broken down by expense types such as, drilling, capital work over and facilities.
  • The chart at the bottom displays cumulative actual and budget implementation expenditure amounts for the current year.
  • Trend lines display the total number of actual and budgeted wells deployed over the current year.
  • The buttons provided on the top panel launch detailed CapEx reports for further analysis.
  • Selection panel on the left allows users to filter the dashboard for specific time period, well type, status, operator type and location
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Oil and Gas Executive Dashboards - Production by Formation

2. Production by Formation

  • Dashboard displays the actual vs budget values for sales and production across different locations and formations
  • Radio buttons provided at the top panel allows users to switch between monthly,quarterly and yearly trends
  • The user can also view the Top Formations (Oil,Gas and NGL)

 

 

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Oil and Gas Executive Dashboards - Production Growth Analysis

3.  Production growth analysis

  • Dashboard displays the production growth rates across different locations.
  • Chart displayed here breaks down the production rate by region, where the contribution of each district is highlighted in a different color.
  • Radio buttons provided in the top panel allow users to display different views of the chart.
  • The selection panel on the top enables users to view growth rate for a period, budget/actuals, units ( BOEPD / BOE ), Gas/Oil/Both, and by month / quarter / year.
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Land Management

Upstream Oil and Gas executives require a robust land management system in order to efficiently manage the organization’s lease and land inventory. In addition, a strong Land Management Analytics solution is needed to accurately monitor and track ownership, lease interest, lease records and contract information.

Visual BI’s Oil and Gas Analytics solution includes predetermined dashboards and views for Land Management that leverage industry best practices and empower executives with the ability to:

  • Proactively monitor capital expenditures related to land management activities
  • Maintain departmental operating budgets, and ensure alignment with business objectives and adherence to fiscal requirements
  • Track acreage distribution and well count trends to facilitate resource management decisions
  • Identify locations to scale up and deploy resources
  • Support acquisitions or dispositions of property and facilitate title reviews
  • Maximize asset value, identify undeveloped properties and perform detailed cost vs benefits analysis
  • Initiate acquisition of right-of-way for road and pipelines to support commencement of drilling operations
  • Reduce lease expenses and re-negotiate contracts while promoting strong prospect relationship
  • Maximize profitability by performing detailed analysis on calculating Working interest (WI), Royalty Interest(RI), Overriding Royalty interest(ORRI), and Net Revenue Interest (NRI)
  • Initiate, promote, negotiate, and finalize joint development agreements with co-ventures.
  • Analyze risk and lease management strategies by evaluating regions with low and high agreements vs prospect ratio
  • Analyze and manage impact of existing contracts/agreements and regulatory requirements on drilling and production operations
  • Access custom Dashboard and Reporting features with Quorum Land Systems using custom universe on top of Quorum to generate analysis reports

In addition to facilitating the above, our Land Analytics solution for Oil and Gas provides real-time views of Key Performance Indicators (KPIs) to answer critical business questions such as the following:

  • How many lease agreements have been signed so far?
  • What are our total lease expenses? How are these expenses split across different property statuses? Which locations have the most number of undeveloped acreage?
  • What is the overall financial impact of retaining these properties? Can we justify these expenses and their long term prospects?
  • How many wells have been deployed so far?
  • How can we analyze yearly trends in the total number of agreements and evaluate the performance of our lease record management process?
  • Can we analyze acreage distribution across the organization by year and state?
  • What is the cumulative state wise trend in well count, agreements and the total number of prospects?
  • How many leases are expected to expire in the next few months in a state/prospect?
  • Which landman is responsible to collect producing well’s unbilled amount ?

 

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Oil and Gas Executive Dashboards - Land Management

1. Summary view

  • Land management KPI metrics showing a snapshot of entire organization.
  • Overview of Leases, Mineral Deeds, Wells within the organization.
  • Acreage distribution based on Region, Status of Properties.
  • Agreements signed in a particular year in the past; net agreements in a year.
  • Slider for selecting the year range to be shown on the dashboard.
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Oil and Gas Executive Dashboards - Land Management

2. Acreage view

  • Active Acreage distribution by Area, Status of the properties, month wise over a year
  • Acreage details by prospects
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Oil and Gas Executive Dashboards - Land Management

3. Expiration view

  • Expiration Acreage trend over a selected year, showing active and inactive land.
  • Area wise Expiration Acreage, with another view showing details by Prospect.
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Oil and Gas Executive Dashboards - Land Management

4. Wells view

  • Well distribution based on Area, Status of Properties, month wise over a year.
  • Count of wells by Prospect.
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Oil and Gas Executive Dashboards - Unassigned Land Owners

5. Unassigned Land Owners – Well view

  • Monthly trend of well count and distribution based on well status, well types.
  • Monthly trend of balance and distribution of the well balance based on well status. Opening balance v/s the current balance.
  • Toggle between graphical and tabular views on single click.
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Oil and Gas Executive Dashboards - Unassigned Land Owners

6. Unassigned Land Owners – Landman view

Well count and balance split on the basis on land man

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 Operations

Volatile economy, uncertain demand and increasing costs have made oil and gas companies strive for innovations in technology and operations to sustain growth and profitability. Upstream organizations increasingly look to adopt the concept of digital oil fields (Smart Field or i-Field), where technology solutions are deployed across all operations to optimize hydrocarbon production, integrate oilfield operations and maximize asset utilization. These solutions facilitate an Integrated Operations Management function and provide a holistic view of all operations along with deep insights of the past and present condition of productive assets. They provide real time visibility into operational KPIs that help monitor asset performance and discover untapped opportunities.

Visual BI’s Upstream Operations Management analytic solution offers interactive dashboards that leverage industry leading metric frameworks to address critical business needs and provide business benefits such as:

  • Enterprise-wide Key Performance Indicators (KPIs) for managing the asset portfolio, asset performance, capital projects and maintenance.
  • Optimized asset utilization by integrating data from interrelated processes and systems.
  • Analytics-driven cost controlling processes to reduce costs, balance trade-offs and optimize profitability
  • Proactive response to operational anomalies by monitoring trends and performance indicators across the enterprise
  • Comprehensive view of the production network to quickly respond to short term and long term maintenance issues
  • Intelligent scheduling of workover activities to reduced downtime and loss of production
  • Efficient planning and accurate forecasting functions that access future projections and perform top-down and bottom-up what-if analyses
  • Increased preparedness and faster response to potential changes in the market especially during times of market volatility
  • Insights into asset behavior that identifies performance gaps
  • Operational excellence through the convergence of production, maintenance, engineering and planning business processes

In addition to addressing the business needs listed above, our Operations Analytics solution for Oil and Gas provides answers to critical business questions such as the following:

 

 

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Operations Downtime for Oil & Gas

Downtime Analysis

  • Have we exhausted all avenues to mitigate production downtime?
  • Can we track downtime hours against the loss of production?
  • Can we calibrate the impact of scheduled and unscheduled downtime?
  • How can we  schedule workover activities with minimum downtime?
  • How many wells are down on a specific day or month?
  • Can we monitor trends in average downtime per well and downtime well counts?
  • What are the key downtime reasons and how can we implement proactive measures to address production anomalies?
  • Can we track wells with minimum and maximum downtime?
OpEx Management for Oil & Gas

Inventory

  • How can we streamline supply chain processes to ensure optimal inventory control?
  • How is our daily and monthly performance on ending stock volumes and days in tank?
CapEx Management for Oil & Gas

Production

  • What are our production and sales BOEPD volumes? What is the average production per well?
  • How is our performance when compared to forecast?
  • Can we analyze daily, monthly and quarterly volume trends across multiple dimensions?
  • How are the volumes distributed across different regions and districts?
Financial Planning & Simulation for Oil & Gas

Analysis

  • How can we analyze production growth rates across different regions over the past years?
  • How do our field costs and booked costs compare against each other and budget?
  • Which locations contribute significantly to the production stream?
  • Can we identify underperforming locations and investigate the contributing factors?
Oil and Gas Executive KPI Dashboard - BOEPD

1. BOEPD Dashboard

BOEPD Executive dashboard provides a comprehensive view of oil and gas production and sales volumes across multiple dimensions such as, date, operator type, region, district, product and volume type(gross/net). This dashboard includes BOEPD Volume chart which can display production, sales and budget volumes for 30 days, 12 months or 5 quarters. The charts at the bottom reveal cumulative BOEPD for 7 day, MTD, QTD and YTD periods.

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Oil and Gas Executive KPI Dashboard - BOEPD Top Regions

2. BOEPD by Region

Top Districts tab on the BOEPD Analysis section includes a chart displaying top 5 performing regions in an area chart. This view also includes radio buttons to toggle between different product views and volumes.

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Oil and Gas Executive KPI Dashboard - BOEPD Distribution

 3. BOEPD Distribution

Distribution tab on the BOEPD Analysis section represents the breakdown of volume by operator type, region and district. This view includes a set of radio buttons which allow the user to toggle between different product view, volumes and time periods.

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Oil and Gas Executive KPI Dashboard - Well Downtime

4. Downtime Analysis

Downtime Analysis dashboard provides a holistic view of production downtime hours, lost production volumes, number of wells affected, and average downtime per well. The top chart that shows lost production(BOE) vs total production (BOEPD) in bars, with the downtime hours in a line. Well count vs average downtime chart displays the number of wells affected and the average downtime per well. Downtime hours by top 5 reasons are also displayed on the bottom right. The 5 buttons on the top bar allow users to launch detailed reports based on context.

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Oil Marketing Dashboard

5. Oil Marketing

Oil Marketing Dashboard enables users to track and monitor oil ending stock, production volume vs days in tank across different dates, locations and contracts. Ending stock volume chart displays daily and monthly trend of oil stock volumes as well as the number of days in tank.Oil production volume chart displays daily and monthly trend of oil production volume against the number of days in tank. The selection panel on the left allows users to filter on calendar date, location, sales contract, region, district and volume type.

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Oil and Gas Executive KPI Dashboard - Well Count

 6. Well Count Summary

Well Count dashboard provides a comprehensive view of the total number of wells deployed across all locations. It enables users to view trends in total well count and variance across the past 12 month, quarters and years. Well count chart displays a trend in gross and net well count. While the chart below displays the change in variance and count.Toggle button on top enables the users to switch between the monthly, quarterly and yearly views.

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Oil and Gas Executive KPI Dashboard - Well Count by Operator

 

 7. Well Count – Operator View

This view displays the gross count and new count distribution of internal and externally operated wells. List of operators and the number of wells operated are displayed in the table below.

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 Reserves, DD&A

New reserve discoveries may not be produced for many years. The portion of reserves sold annually from a well or field is typically small compared to the remaining reserves. How do the reserve volumes impact the financial performance of the company? Reserves are considered a long term asset, so how do we place them on balance sheet? Reserve information is reported in the unaudited supplemental information in the annual report. Information is typically presented at a summary level by country or continent. All of the net capitalized costs associated with a property are its Book Value. Book value is not fair market value, and it is not the value from the reserve report (unless it has to be written down – more on that later). Each year, the book value needs to be adjusted to account for the value that is lost when oil and gas is produced. The process by which the book value is adjusted to reflect the removal of some portion of the reserves through production, and the usage of the necessary equipment, is called Depreciation, Depletion, and Amortization.

  • Depreciation is the reduction to the book value of the equipment as it is used up / wears out.
  • Depletion is the reduction of the book value of the mineral assets as they are removed from the reservoir.
  • Amortization is the process of making these adjustments over time.
  • DD&A is a “non-cash” item.

The Property department in any Oil & Gas business always struggles with gaining a foothold around information management in SAP DD&A is at the core of their struggles.

  • Large volume of manually constructed reports for periodic, Q and K reporting
  • Highly complex data structures limit access
  • Scattered Information and downloaded data volume from ECC tables are very huge
  • Tremendous amount of man hours involved in report creation and compilation

Dashboards facilitate the easy organization of this data as well as keeps the executives up-to-date with the daily status of their finances, build formatted reports for statutory reporting, facilitate analysis on DD&A and Property data

 Type Curves:

  • Type Curves analysis is used extensively by the Resource Development department of any modern upstream Oil & Gas company to predict the future production of to-be-drilled wells based on the existing production of a property.
  • Engineers use specialized applications to derive the type curves data for a property utilizing various geological, economical & operational variables.
  • Visual BI’s chief focus is to cleanse, cluster and mine these business critical data and subsequently present it in a clear and crisp manner.
  • Time and again Type Curve dashboards have proved to be highly effective in boosting investor confidence as they are capable of predicting the future return on investments with an incredible degree of precision.

 

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Oil and Gas Executive KPI Dashboard - Type Curves

1. Summary View:

  • Shows the production forecast for the selected prospect over a period of 60 months
  • Narrow down to a particular prospect to view its Type Curve
  • In addition to this it also shows important KPIs such as the number of active wells, the engineer in-charge,  capital, and severance taxes along with the production statistics for oil, gas and water

 

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2.Production Profile:

Shows the actual production for the selected prospect as of today

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Supply Chain

 

Visual BI’s Upstream Supply Chain analytic solution offers interactive dashboards that leverage industry leading metric frameworks to address critical business needs and provide business benefits such as:

  • Enterprise-wide Key Performance Indicators (KPIs) for managing the asset portfolio, asset performance, capital projects and maintenance.
  • Comprehensive view of the production network to quickly respond to short term and long term maintenance issues.
  • Increased preparedness and faster response to potential changes in the market especially during times of market volatility

In addition to addressing the business needs listed above, our Supply Chain Analytic solution for Oil and Gas provides answers to critical business questions such as the following:

  • How can we ensure optimal supply chain processes to reduce inventories and run outs?
  • How is our daily and monthly performance on ending stock volumes and days in tank?

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Oil and Gas Executive KPI Dashboard - Oil Production and Stock Summary

1.Oil Production and Stock Summary

Oil production stock and summary dashboard enables users to track and monitor oil ending stock, production volume vs days in tank across different dates, locations and contracts. Ending stock volume chart displays daily and monthly trend of oil stock volumes as well as the number of days in tank. Oil production volume chart displays daily and monthly trend of oil production volume against the number of days in tank. The selection panel on the left allows users to filter on calendar date, location, sales contract, region, district and volume type.

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 Finance and Accounting

Uncertain market, ever-changing regulations and volatile outlook are driving Oil and Gas Industry CFOs and financial executives to embrace innovative financial management processes and practices. In addition, they are increasingly turning to robust financial analytics solutions  that can accommodate the company’s expanding asset portfolio, provide cross-functional integration, eliminate redundant functionalities and deliver timely and actionable intelligence to enable the enterprise  scale up to market demands, reduce exploration costs, mitigate financial risks and adjust capital structure while preserving a competitive outlook and flexibility to pursue future growth opportunities. Visual BI’s Oil and Gas Financial Management Analytics solution offers a comprehensive framework to address critical business needs and facilitates the following:

  • Realize financial objectives and create sustainable value for stakeholders
  • Execute optimal organization strategies by tracking, monitoring and forecasting financial performance across the enterprise
  • Increase visibility and control of capital portfolios and projects to prevent CAPEX budget overruns
  • Adopt powerful financial planning and predictive analysis capabilities to simulate future scenarios
  • Analyse the impact of operational and financial metrics on the organization’s income statement
  • Achieve greater insight and control over liquidity and cash management processes
  • Implement real-time reporting on transactional processes for increased efficiency and effectiveness
  • Align asset management goals and objectives with organizational metrics to reduce variance between Lease operating expenses (LOE) budget and actual costs
  • Maximize return on capital, profitability and shareholder value by managing capital investments and related capital and operating expenditures
  • Ensure regulatory compliance and implement effective risk management processes

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Oil and Gas Executive Dashboards - Capital Expenditure

1. CapEx Summary

  • Comprehensive view of budget and actuals Capital Expenditures.
  • Toggle between tabular and graphical views.
  • Break down by expense types such as, drilling, capital work over and facilities.
  • The chart at the bottom – cumulative actual and budget implementation expenditure amounts for the current year.
  • Trend lines for total number of actual and planned wells.
  • Launch detailed reports for analysis, using buttons on the top panel.
  • Filter on time period (Visual BI’s own Period Selector), well type, status and other dimensions, using the Selection panel on the left.
  • Print or Export the reports to Excel on single click. (Visual BI’s own custom add-ons).
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Oil and Gas Executive Dashboards - Capex Actual vs Budget Analysis

2. CapEx Budget vs Actuals – Summary

  • Compare and evaluate monthly trends and cumulative Field, Booked and AFE costs.
  • Monthly Field CAPEX trend and cumulative Booked, Field and AFE CAPEX.
  • Toggle between total, After Casing Point (ACP) and Before Casing Point (BCP) views.
  • Comparison between CAPEX variables based on variances.
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Oil and Gas Executive Dashboards - Capex Actual vs Budget Analysis

3. Analysis View

  • List the wells within certain variance range and amount.
  • Flexibility to adjust the variance range and amount based on different CAPEX variables.
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Oil and Gas Executive Dashboards - Capex Actual vs Budget Analysis

4. Comparison View

Analyze and compare Cumulative cost scenarios based on different sets of spud, rig release and first production dates.

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Oil and Gas Executive Dashboards - P&L Simulator

 

5. P&L  Simulator – Summary View

  •  Powerful tool to perform comprehensive financial analysis to assess the impact of budget, revenue and expense decisions on income statement.
  • Sliders to play around with projected sales growth and its components; and analyze their impact on the Pro-forma Income Statement.
  • Year on year comparison of projected revenue and net income.
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Oil and Gas Executive Dashboards - P&L Simulator

6. P&L Simulator – Operational Drivers View

  • Oil and gas quarterly production and sales volume trends over the past 5 years.
  • Quarterly actual v/s budget production trends.
  • Filter on a specific region or district, using the Selection panel on the bottom left corner.
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7. P&L Simulator View – Operating Expenses View

  • Trend line analysis of expenses incurred on each operating expense type over past 5 years.
  • Toggle between quarterly and yearly view.
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HR & Legal Administration

 

Recent high profile incidents in the oil and gas industry have forced companies to place increased emphasis and priority on environment health and safety (EHS). The best run organizations in this industry go beyond established procedures to proactively manage operational risks while preserving structural and mechanical integrity of assets. For effective management of EHS, processes must be established to promote enhanced corporate sustainability and visibility across all safety and health parameters throughout the enterprise. This would help executives and managers actively monitor key risk indicators, ensure regulatory compliance, reduce operating costs and improve asset availability.

Oil and Gas industry executives increasingly lean towards business intelligence analytics solution to answer questions such as the following:

 

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Impact Analysis

  • How can we analyze incident rates across our enterprise to capture KPIs such as lost time injury frequency and total recordable injury rates?
  • Which incident types tend to cause the biggest financial impact and incur highest costs?
  • Are our incident management programs effective in proactively managing risks and improving safety?
  • How effectively are we integrating information from disparate divisions/systems to analyze incidents and injuries?

Emissions management

  • How can we leverage fugitive emissions information pertaining to internal and external operated facilities for addressing emissions?
  • Are there specific trends to emissions, especially in their intensity and resource consumption?
  • Are our emission mitigation projects effective in controlling air emissions?
Financial Planning & Simulation for Oil & Gas

Governance, Risk and Compliance (GRC)

  • Do we have complete visibility and control of established compliance and audit procedures for EHS?
  • What is the impact of GRC processes on operational costs and EHS effectiveness?
  • Are we in compliance with OSHA audit processes? What is the progress on our initiatives to address any known violations?
Financial Planning & Simulation for Oil & Gas

Waste Management

  • How can Oil & Gas upstream companies balance production with environmental protection and promote environmental stewardship?
  • How can we maximize efficiency and uncover resources by minimizing hazardous waste disposal and operational spills?
Oil and Gas Executive Dashboards - Environment, Health & Safety Dashboard

1. MPI and Incidents

MPI (Management Performance Indicator) view provides complete visibility to the company’s KPIs for managing Environment Health and Safety (EHS). This view includes trend charts and triangles for lost time injury frequency (LTIFR), Total recordable injury rate (TRIFR) and fatalities rate. Total fatalities and associated Financial impact metrics are displayed on the bottom right corner.

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Oil and Gas Executive Dashboards - Environment, Health & Safety Dashboard

2. Lost time due to injury

Statistical KPIs related to Water Quality are showcased in this view. This view enables users to analyze lost time and production metrics against expenditure incurred.

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Oil and Gas Executive Dashboards - Environment, Health & Safety Dashboard

3. Permit Violations

  •   List the wells within certain variance range and amount.
  • Flexibility to adjust the variance range and amount based on different CAPEX variables.
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Oil and Gas Executive Dashboards - Environment, Health & Safety Dashboard

4. Unsafe Working Conditions

This view enables efficient monitoring of unsafe working conditions and practices. Detailed event reports can be launched by clicking the command buttons.

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Oil and Gas Executive Dashboards - Environment, Health & Safety Dashboard

 

 5. EHS Audits

Audit view provides the ability to govern and execute EHS, OSHA, Environment compliance and safety audit process. Bar charts corresponding to audit processes are displayed in this view. Apart from the number of violations and corrections, cost incurred for corrections is also displayed.

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Oil and Gas Executive Dashboards - Environment, Health & Safety Dashboard

 

 6. EHS Emissions

Fugitive emission information across the organization is displayed in this view. Charts corresponding to various fugitive emissions and their intensity over the last 5 years is displayed here.

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Oil and Gas Executive Dashboards - Environment, Health & Safety Dashboard

 7. Spill & Waste Generation

Spill /Waste generation view enables the company to track and monitor trends in hazardous and non-hazardous waste disposals and spills. Metrics such as, Spill incidents, spill volumes and cost incurred by spills are further broken down into operational and force majeure occurrences

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Oil and Gas Executive Dashboards - Environment, Health & Safety Dashboard

 8. EHS – Resources Engaged

Energy used, fresh water withdrawn and water discharged metrics across the last 5 years is displayed here.

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Oil and Gas Executive Dashboards - Limits of Authority (LOA)

 9. Limits of Authority

Analyze and compare Spend Authority Limits within the organization. Enables viewing of authority by individuals, titles, legal entity, item and amount. Features innovative text search function.

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