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Weatherford releases new business intelligence and data visualisation platform

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Oilfield Technology,

Weatherford International plc has announced the integration of Microsoft® Power BI into the ForeSite® production optimisation platform for the oilfield industry.

This integration accelerates ForeSite users’ ability to deep dive into their production data, conduct analyses, and create simple, easy-to-digest data visualisations that illustrate virtually any production scenario from the well to asset level.

Power BI features are fully integrated into the ForeSite optimisation workflow, enabling visual data exploration to condense vast amounts of oilfield data from any corporate data source into actionable dashboards and reports. ForeSite users will be able to create and visualise customised data reports or select from a series of built-in visualisation dashboards and reports that monitor KPIs and identify production optimisation opportunities. Among the pre-built, production-data analysis package are:

  • Financial Health Report lets users assess production versus spend by job, by service provider, by asset group, and more. This leverages data from ForeSite Field Services Management module.
  • Failure Analytics Report lets user assess current and historical failure data to gain insight into vendor or technology efficiency, including equipment performance of two or more vendor brands to determine the lowest total cost of ownership.
  • Asset Performance Dashboard gives real-time update on preset KPIs such as production targets, asset downtime, uplift potential, and more.
  • Manager’s Report gives a broad, asset level performance visualisation for an asset or enterprise including estimated versus actual spend and production.

“By fully integrating Power BI into our powerful ForeSite platform, we’re helping our customers see their production data in a way that’s easily accessible and visually informative, yet requires far less preparation and data-science expertise,” says Manoj Nimbalkar, Vice President of Weatherford Production Automation and Software. “Simply put, we’re putting asset-level intelligence and data reporting at the operator’s fingertips.”

The Power BI connector is the latest expansion to ForeSite platform capabilities. Introduced in May 2017, ForeSite remains the only enterprise-level platform to optimise the complete life-of-well productivity from downhole to the point of sale. The platform combines physics-based models with advanced data analytics to improve performance across wells, reservoirs, and surface facilities on a single, secure platform. It optimises naturally flowing wells, reciprocating rod lift, electric submersible pumps, gas lift, plunger lift, injection wells, progressing cavity pumps and soon hydraulic lift.

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