The oil and gas industry is one of the world's most data-intensive sectors. From exploration and production (E&P) to midstream logistics and downstream refining, organizations generate vast quantities of data daily. According to a recent study by Markets&Markets, the global oil and gas analytics market is expected to grow from USD 3.3 billion in 2020 to USD 5.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.1% source. Yet many operators struggle to transform these massive datasets into actionable insights that could improve operational efficiency, reduce downtime, and create safer work environments.
We'll explore the key data challenges facing today's oil and gas industry and examine effective solutions. We'll also show how our suite of tools helps companies overcome data bottlenecks and achieve higher data fidelity, increase insight and improve outcomes.
Oil and gas companies collect data from diverse sources across their entire operation. This variety creates siloed data repositories that resist integration. Consequently, decision-makers often see only a fraction of the information they need or must spend scarce resources to access multiple data repositories and gather and analyze often disparate datasets.
Solution: A unified data management platform that consolidates structured and unstructured data helps to eliminate silos. This single source of truth enables better cross-departmental collaboration and streamlined workflows.
Poor data quality leads to inaccurate analysis, missed opportunities, and costly errors. For instance, duplicate or inconsistent entries in databases can distort trends/forecasts and delay maintenance strategies or overhaul plans.
Solution: Automated data collection and organization tools and governance frameworks ensure consistency. Standardized data models can streamline how data is defined, stored, and used across the organization.
Production facilities generate massive data streams— from CML measurements to control systems. Timely processing and analysis of this information is vital for preventing equipment failures and safety incidents.
Solution: High-performance analytics systems efficiently process data streams and when combined with organizational hierarchy, visualization and compliance capabilities, enable engineers to respond to anomalies as soon as they’re identified.
Facility data is often siloed thereby creating challenges in forecasting equipment failures or optimizing production schedules. The complex oil and gas value chain—paired with irretrievable or siloed data—often hinders successful deployment.
Solution: Unlocking and distributing all available data across the enterprise builds inter-departmental collaboration, improves decision making, and significantly enhances workflow capabilities for near and longterm operational effectiveness.
We’re helping transform raw data into real-world results with industry-leading partners around the world. Our suite of solutions specifically targets these challenges with integrated systems for lifecycle asset and facility management.
The Intelligent Drawing Platform will likely be your starting point for transitioning from legacy documents to a fully digital native approach. Our proprietary process quickly converts paper P&IDs into complete digital assets. During the conversion process, the IDP will automatically identify and organize drawing assets with a 99% accuracy rate. When your facility’s drawings are fully digital, you’ll be able to search and navigate across multiple drawings, redline, and further customize your asset dataset.
With your legacy documents now converted to digital records, the Mechanical Integrity Suite serves as the centralized repository for asset data and documentation. Seamless integration with the Intelligent Drawing Platform (or your existing data repositories) allows the MI Suite to bridge the gap between disparate datasets while ensuring stakeholders have immediate access to essential information.
Field-level data collection can introduce potential hiccups for many reasons, including human error. The Inspection Workflow platform helps reduce this potential by creating mobile-friendly digital forms that are customized to your specific data-collection requirements. This standardized approach ensures accurate reporting from the field and transfers data directly into the Mechanical Integrity Suite so you can greatly reduce the disparity between your digital platforms and physical inspections/maintenance processes. You can take this integration one step further with our 3D facility scan service that provides component-level visualization - on demand.
A VisualAIM customer was in the process of implementing Fiix by Rockwell Automation as the Computerized Maintenance Management System (CMMS) of choice for their newly constructed gas processing facility. Learn how we used the Intelligent Drawing Platform to expedite their CMMS hierarchy build. We processed and imported 5,900 assets in 5 business days with the Intelligent Drawing Platform. Read more
An Owner-Operator initiated a project to develop a predictive analytics program for their flagship refinery. Progress was initially hampered by a time-consuming approach that involved manual data search and organization for the configuration of the predictive analytics models. During the 12 week project we processed 5,100 P&IDs, and in the process, saved the facility more than 2 years of the original schedule and an estimated $3m through the automation of the data collection and contextualization process. Read more
As the oil and gas industry increasingly relies on big data and analytics, companies that embrace these technologies gain a competitive edge. By leveraging our product line—from data management to advanced analytics—organizations can eliminate data silos, build high fidelity workflows, and convert raw data into actionable insights. The result? Higher production rates, safer worksites, and a stronger bottom line.
Ready to revolutionize your data-driven operations?
Contact us today to learn how our tools and expertise can help you unlock higher data fidelity and superior outcomes for your oil and gas business.
