Opinion

AGR Software Warns: Technological Solutions Are As Good As People Using It


Present day E&P software has significantly improved and is able to produce extremely accurate predictions, however the old adage of Garbage In-Garbage Out (GIGO) holds more true than ever.

Petter Mathisen, VP of Software division at AGR, recently participated in a panel debate of an international energy event in London discussing the future of digitalisation within oil and gas industry.

Future Oil and Gas annual event attracts the industry to contemplate on new innovations that would be shaping the future of oil and gas.

Mathisen highlighted during his speech that the overall perception that because the latest software is so good, many assume the tools must always give the correct results. In their work with the development of petroleum software, AGR Software witness that users with insufficient experience are able to understand how to enter data into technological solutions but not able to determine if that data entered is correct. Without experience, the users are not able to review the results and decide whether these match with what they were expecting. The latest digital tools make it possible to find information quite easily but determining if the information found is correct, requires experience.

With this in mind, AGR's iQx database has been developed to bring in data from different sources, standardise it so that it may be accessed easily and compared against information from other wells. This information includes experiences, both good and bad, from all phases of the drilling operation and does not just cover the geological issues but issues above the mudline, such as tool failure, rig problems.


iQx is suitable for efficient data management and processing. But not only, iQx can be used for engineering and supporting internal processes.

But here is where experience and training come into the picture when selecting information from the software. The ability to take the data and using experience and training transform that into useful information that develops into knowledge, which is a combination of information, experience and insight that should ensure the information entered into the software is not “Garbage”. Valuable data turns actions into reality.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://agr.com/news/agr-software-technological-so...

E&P SoftwareAGR SoftwaredigitalisationDigitalizationDigitizationpetroleum softwaresoftwareOil software

More items from mariadjomina


Andrew Stannard assumes the role as Chief Operating Officer for AGR’s UK and Africa business

AGR announces that Andrew Stannard will lead its business unit in the UK and Africa and will become a member of the company's global Management team . Andrew succeeds highly respected, long term region manager Ian Burdis who will continue as EVP of the UK & Africa region with the main responsibili ...

Maria Djomina - AGR


Posted 15 days agoPress > North SeaAGRAppointments +3

MOL Norge Selects AGR for Well and Drilling Engineering

AGR has been awarded a Frame Agreement with the Hungarian Operator MOL. The agreement covers the supply of technical support within drilling and well engineering to the Operator's Norwegian arm. The award adds to the ongoing collaboration the two companies have been enjoying in the recent years. ...

Maria Djomina - AGR


Posted 1 year agoPress > AGRwell managementreservoir modeling +5

Digital Knowledge Management leads to Cost-Effective Field Development

Stimulating the engineering teams to make “lessons-learned” recording an automated and standardised process? Huge amounts of data are being created and captured throughout the asset life. While there has been an exceptional evolution in developing software technologies for digitalising and stan ...

Maria Djomina - AGR


Posted 1 year agoOpinion > E&P SoftwareOil softwarepetroleum software +6

Real Time Data for Well Design Optimisation, Not Just Drilling Optimisation

AGR Software participated in SPE Intelligent Energy presenting a paper that focussed on using available and recorded data for improving well design, resulting in improved operational performance of new projects. SPE Intelligent Energy (IE) aims to bring together the global E&P industry to discu ...

Maria Djomina - AGR


Posted 1 year agoPress > E&P Softwarepetroleum softwareOil software +8

Deterministic vs Probabilistic Planning Method

The ability to show the management that the calculated well costs are based on realistic operations and prices for services is important as this allows them to see that the risks have also been identified and quantified. Clearer overview of costs' division gives a higher level of confidence for t ...

Maria Djomina - AGR


Posted 1 year agoPress > AGR SoftwareE&P SoftwareOil software +6
All posts from mariadjomina