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Method and System for Automated Data Mining of Well Service Job Data

IP.com Disclosure Number: IPCOM000239335D
Publication Date: 2014-Oct-30
Document File: 9 page(s) / 421K

Publishing Venue

The IP.com Prior Art Database

Abstract

The oil and gas industry demands a diverse set of mechanical and technological capabilities as it has voluminous data from seismic, drilling, completion and production. A technical data mining application platform having built-in methodical tools will aid field engineers in retrieval of relevant information. Such an application, when combined with real time data collection and live notification capabilities, can help improve the operational productivity. Continuous surveillance and monitoring of the wells improves productivity. This application acts as an enabler for extracting relevant information in order to improve predictive models, make more reliable decisions, and ultimately, sustaining existing and creating new business opportunities.