For an independent upstream company, better information management about the company’s key well assets throughout their lifecycle was critical to decision-making and collaboration between business areas.
Solution Benefits
- Centralized data management facility to replace disparate manual activities
- Introduction of collaborative technologies to improve work within and between departments
- Higher assurance of data quality through common user interface and data source
- Activity tracking and version management of well data to satisfy auditing requirements
- Improved productivity through the use of search capabilities
- Less institutional “noise” – e.g., fewer emails, shared network drive dependencies, file version control issues, communication of changes
Project Summary
For an independent upstream company, better information management about the company’s key well assets throughout their lifecycle was critical to decision-making and collaboration between business areas. With activities increasing in various emerging and EOR plays, data was constantly created, received, and updated. The company’s systems environment consisted of a loosely coupled combination of hosted technologies (Excalibur), on-premises packaged software (ARIES), and a complex network of manually updated spreadsheets (Excel). The infrastructure proved increasingly difficult to manage as the business experienced dramatic growth. Stonebridge was engaged to define a more efficient means of collecting and publishing the “gold standard” of well information to all interested parties throughout the company. To create the solution, Stonebridge decomposed the current manual process into its component parts and activities. With a clear mapping of where each data element originates, how it is updated, and who requires access to it, a more complete data model related to the well was composed. With the data in a more organized state, Stonebridge and the client moved toward design of a web-based facility for managing this information. This solution, utilizing the Microsoft SharePoint platform, provides a number of capabilities for the subject matter experts responsible for updating the well information. Data entry and updates for defined wells are managed online through a common web-based interface in order to provide secure control of the data elements and track the activity related to data changes. Additionally, the solution includes a robust search interface that allows users at all skill levels direct access to information about the hundreds (and eventually thousands) of wells in which the company has operating interest.
Next Step
Interested in a similar solution for your organization? Click here to start a dialogue with Stonebridge.