SPE/AAPG Workshop: E&P Data Management and Analytics - Enabling Capital Efficiency 27 - 29 Mar 2017 Grand Hyatt Muscat Hotel Muscat, Oman

About the Workshop

Sustained low commodity prices have sent all companies scrambling for cost reductions as well as finding ways to reduce or delay their capital investments. Both these solutions require an in-depth understanding of the company’s cost structure as well as return on every dollar invested, which is usually not a small feat. Making decisions on where to cut cost or what project to delay will heavily rely on quality and credible data, which will provide new insights through deeper analytics. Data have to be integrated across the value chain, as each decision has to be assessed for unintended consequences.

 

The fourth edition of the E&P Data Management and Analytics workshop is jointly organised by SPE and AAPG, and will bring together various geoscience and engineering disciplines to explore the role of the data management and analytics community in enabling capital efficiency.

Capital efficiency is best measured with the return on invested capital. A systematic above average return on capital invested indicates the existence of a competitive advantage through a barrier to entry combined with a sustained best in class operational efficiency. These concepts will be explored in detail during a half-day seminar allowing for all workshop participants to develop a level playing field understanding of value creation concepts, as well as getting to know each other. The next two days will follow a natural progression. We will start with relevant case studies, moving on to data quality, validation, and standardisation. We will also examine analytics, data integration, and visualisation; especially in the context of capital efficiency. The last afternoon of the workshop will allow you to focus on decision support for exploration, development, and production, always asking the question where the data management and analytics community can help senior executives make better investment decisions.

Knowledge sharing between regional operators and service companies is certainly a goal for this workshop, but it is also very important that all participants leave after the three days stay in Oman with concrete ideas and plans on how they will help improve capital efficiency, rather than focusing solely on cost reduction in their respective organisations.


Workshop Guidelines

Workshop Format

Three (3) days of informal discussions prompted by selected keynote presentations and discussions. Workshops maximise the exchange of ideas among attendees and presenters through brief technical presentations followed by extended Q&A periods. Focused topics attract an informed audience eager to discuss issues critical to advancing both technology and best practices. The majority of the presentations are in the form of case studies, highlighting engineering achievements, and lessons learnt. In order to stimulate frank discussion, no proceedings are published and the press is not invited to attend.

Documentation

  • Proceedings will not be published; therefore, formal papers and handouts are not expected from speakers.
  • Work in progress, new ideas, and interesting projects are sought.
  • Professionally-prepared visual aids are not required; handwritten view graphs are entirely acceptable.
  • Note-taking by participants is encouraged.

Workshop Deliverables

The Steering Committee will appoint a “scribe” to record the discussions and to produce the full workshop report for SPE.
This report will be circulated to all attendees as the workshop deliverable within 4–6 weeks following the workshop. The copyright of the report is with SPE.
PowerPoint presentation materials will be posted on a specific SPE URL address after the workshop. Provision of the materials by the speakers will signify their permission for SPE to do so.


Attendance

Registrations will be accepted on a first-come, first-served basis. The Steering Committee encourages attendance from those who can contribute to the workshop most effectively either in discussions or with posters. A mix of attendees in terms of geographic origin, companies, and disciplines will be encouraged.

Attendance Certificate

All attendees will receive an attendance certificate attesting to their participation in the workshop. This certificate will be provided in exchange for a completed Workshop Questionnaire.


Continuing Education Units (CEUs)

Attendees at this workshop qualify for SPE Continuing Education Units (CEU) at the rate of 0.1 CEU per hour of the workshop.

Commercialism

In keeping with workshop objectives and the SPE mission, commercialism in posters or presentations will not be permitted. Company logos must be limited to the title slide and used only to indicate the affiliation of the presenter and others involved in the work.