Oil & Gas
The oil and gas industry experiences significant price fluctuations influenced by supply and demand. There is a considerable opportunity to enhance efficiencies and utilise data-driven solutions across the upstream, midstream, and downstream operations of oil and gas.
In the field of oil and gas analysis, professionals face the task of accessing, combining, and analysing data from various sources. Our Artificial Intelligence and Machine Learning solutions empower analysts in the oil and gas sector, enabling them to perform self-service data analytics. This allows them to gather and merge data from diverse sources and apply analytics techniques such as predictive modelling, statistical analysis, and spatial analysis. The result is the generation of valuable insights within a matter of hours, rather than weeks. The entire process follows a consistent workflow, eliminating the need for coding. By blending multiple data types, including spatial, geological, seismic, and weather data, analysts can make better-informed decisions regarding exploration, drilling, and bidding. Additionally, they can compare actual costs to estimated costs at the well level and calculate essential performance metrics tied to capital investment. This comprehensive understanding of drilling and completions contributes to improved decision-making.
futureX’s enterprise content management solutions provide a seamless integration of data captured by triggering devices. For instance, if there is a gas leak, the relevant information is automatically captured and integrated into your enterprise resource planning solution (ERP). This system automates the entire process, starting from the sensors detecting the gas leak, then flowing into the work order management system, and finally reaching the mobile devices of field workers.
Use Cases
Intelligent Automation
- Automation of field operations
- Automation of compliance regulations
- Automation of field operations
- Close process automation
- Revenue calculation
- Accounting and Finance tasks in Joint Ventures
- Lease record management
- Logistics and shipment management
Enterprise Content Management
- Commercial Mgt.(Tender Processing)
- Employment request
- Employee status change
- Personal development program
- Item codification modification
- Ship acquisition and chartering
- Vendor evaluation form
- Internal doc approval
Data & AI
- Upstream and midstream optimization
- Downstream optimization
- Predictive and preventive maintenance
- Risk-Based maintenance
- Health and performance optimization
Business Application Platforms
- Purchase Request Automation
- Purchase Order Automation
- Payment Automation
- Time Management
- Policy Management
- Ticketing Management System Services
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