Building Unconventional Asset Strategies with Cognitive AI
The landscape of unconventional oil and gas production is fragmented, with multiple players and moving parts. Unlike conventional E&P (exploration and production) operations that hold their value for decades, unconventional operations are low margin projects highly susceptible to fluctuations in price, supply chain contingencies, and changing market conditions. If money is to be made, it has to be made in a couple of years, not decades. When prices drop, unconventional wells must be shuttered, and resources reallocated until market conditions become more favorable. In a sense, unconventional projects are similar to manufacturing operations that are dependent on efficient production, choreographed supply chains, and tightly managed logistics.
To aid unconventional operators and other stakeholders in the value chain, Beyond Limits has developed a cognitive AI solution for unconventional asset analysis. This powerful decision-support system analyzes shale gas and tight oil assets from multiple dimensions and predicts viability over the entire lifecycle – from acquisition through production to divestiture.
The Unconventional Asset Analyst helps unconventional stakeholders answer the important questions:
Where to acquire land?
How much might the asset produce?
How much will it cost?
How to drill & complete more efficient?
How might technology impact production and reduce cost?
How is the asset performing? How to manage portfolio risk?
How might production cost change in the future?
How might regulatory policies impact production?
How to improve production and efficiency?
Where to drill next well?