Hydraulic fracturing methods have many benefits, including the potential to maximize extraction and exploitation impact. However, practitioners often face the significant challenge of implementing a fracture strategy within the constraints of a complex environment in which geological, operational and design constraints are at play. To successfully navigate these complexities, petroleum engineers are now turning to data analytics to help evaluate and mitigate risk, strengthen confidence in completion strategies and quantify the impact of exploitation plans.
In this video, you will discover new analytical methods for identifying risk and uncertainty surrounding the creation of oil wells, based on a Society of Petroleum Engineers case study of a major multinational operator's well completion strategy. You will learn to aggregate spatial, temporal and field data to build models that will help maximize well placement, safety and efficiency.