Phone
+1 510-522-0700
email

How Data Visualization Aids Regulatory Compliance in the Oil and Gas Industry

| |

regulatory compliance in oil and gas industry

Modeling and tracking water injection is a critical aspect of regulatory compliance.

Asset teams understand why regulatory compliance in the oil and gas industry is crucial to successful business operation and yet, many companies find themselves on the wrong end of compliance due to mistakes that could’ve been avoided with accurate analysis beforehand. In 2018, one of Colorado’s second-biggest drillers by oil volume, incurred a $1.6 million penalty for not maintaining and pressure testing in a host of shut-in wells. Because regulatory compliance often requires environmental surveillance and remediation, it’s best to rely on visualization software that can use multiple datasets to accurately map existing and potential problems.

Maintaining Well Integrity with Proper Data Analysis

Well integrity is often an issue that can impact an operation’s regulatory compliance. Older wells are rarely inspected, evidenced by the fact that more than 8,000 wells drilled between 2000 and 2012 had no publicly available inspection records as of 2014. This can be a problem for analysts dealing with older wells, as lacking records fail to highlight anomalies within the wells. On the other hand, one can’t guarantee that newer wells are safer, as some also have minimal history of inspection. That’s where co-visualization software comes into play.

Analysts need multiple streams of data to create geological models and reservoir simulations that account for factors such as fault geometry and high-pressure zones. They also need the ability to obtain seismic history matching (SHM)—a feature that enhances the simulation model to allow analysts to make accurate predictions and help detect any deviation that could cause setbacks and environmental catastrophes. This feature also augments reservoir flow models based on fluid and pressure change comparisons stemming from time-lapse seismic shifts, which helps a team’s ability to detect abnormal shifts that could lead to gas kicks or surface expressions.

Efficient co-visualization software provides a multi-dimensional profile of wells in a geo-spatial context, regardless of its age. Analysts can obtain 2D, 3D, and 4D seismic data and visualize reservoir simulation models. Co-visualization software can assist companies in maintaining industry requirements and public safety standards, as well as communicate field management and understanding to the regulatory community.

How Data Visualization Aids in Record-Keeping

Since oil and gas companies must keep meticulous records made available to state and federal authorities, analysts need reliable software that provides various datasets within a spatial and temporal context. With insufficient co-visualization, it can be time-consuming to aggregate and decipher data. Additionally, extracting data from multiple software types can be confusing among outside parties that need to interpret specific datasets.

Consider the following example:

A federal regulator conducts an on-site inspection and wishes to assess the records of various wells in the area. The team provides all of the pertinent data, but the information derives from several software types that contain separate data streams. As a result, the official cannot get a true sense of the campaign status, as there is no way to fully integrate the data. The regulator manages to interpret the data, but only after numerous questions, wasting precious team time that could have been diverted to realizing project goals.

In such a case, the uncertainty could have been avoided with co-visualization software by providing data in an integrated fashion. Providing integrated data to regulatory agencies can reduce the inquisitive correspondence between energy companies and public agencies, helping department heads understand the profile of oil and gas campaigns much easier. Through co-visualization software, viewers can obtain statistical analysis, data management, and model spacing options in an integrated manner. Analysts can also gather data quicker for regulatory bodies, in addition to sending data that’s more accurate than alternative software types.

With these capabilities, developers can address any deviations during the well-planning process, showing regulators that avoidable problems are being handled efficiently. An organized record system not only helps oil and gas companies stay within regulatory frameworks but also pinpoint defects in the early stages before any deviations morph into crippling problems that could stall campaigns.

Visualizing Data for Hazard Prevention and Safety Standards

Spotting defects early on can also keep regulatory bodies at bay, allowing operators to mitigate problems faster. Oftentimes, government agencies will enter worksites to check for deviations in the form of leaks or damaged equipment. In four states alone, over 6,600 fracking spills occurred between 2005 and 2014, and a high number of spills came from wells with previous incidents. Targeted inspections from regulators and operators are the best way to spot potential failures and prevent hazards from causing damage and stalling energy campaigns.

At a time when regulatory bodies and energy companies face increased scrutiny over fracking practices, analysts need impeccable software that incorporates current and previous data into a well-organized system.

Quality 4D seismic data, along with other data streams, is a critical factor that enhances the understanding of reservoir profiles and helps analysts make better decisions that stay within regulatory frameworks—preserving environmental integrity while maximizing profit.

Maintaining Regulatory Compliance in the Oil and Gas Industry

Co-visualization software helps analysts organize data and process information for easier readability. It also helps the industry adhere to regulatory standards and prevent accidents and spills that can contaminate the environment. When it comes to regulatory compliance in the oil and gas industry, the best way to appease regulators is to spot deviations ahead of time.

Co-visualization software helps analysts organize data and process information for easier readability.

By addressing discontinuities early, companies can make appropriate management decisions and prevent mishaps that can result in fines and penalties from regulators. Proper data integration can produce high-resolution images, including reservoir simulation models and other data streams that produce the full context of a well’s structural status. The simplification of data helps other teammates and government agencies understand the latest developments, leading to smoother campaigns and added extraction of hydrocarbons.

CoViz 4D, a powerful co-visualization software from Dynamic Graphics, Inc., provides efficient data and helps energy companies avoid safety violations. This revolutionary software provides multidisciplinary and simultaneous viewing, in addition to precise calculations and data affiliation that affords analysts wider context into exploration campaigns. For more information on CoViz 4D, contact our team today.

FURTHER READING

Integrated Reservoir Management: The Role of Data Visualization & Analysis

Monitor the development of a fracture network over time by using microseismic data integrated with geological or petrophysical data.Integrating various sources and formats of reservoir data seamlessly is often a big hurdle in efficient and effective reservoir...

How Data Integration Fosters Collaboration in the Oil and Gas Industry

Drilling and completion operations are commonly the most expensive phases in developing hydrocarbon assets. Successful completion requires collaboration among geophysical, well planning, drilling, and completion teams. Using their respective software tools and data,...

Managing Risk in Unconventional Reservoir Development Through Visualization of Geologic and Petrophysical Data

Data integration is key in managing risk in any oilfield endeavor, but unconventional plays present special challenges. CoViz 4D from Dynamic Graphics provides the data integration capability to meet these challenges. Above, we can see 3D seismic integrated with the...

Utilizing Big Data in Upstream Oil and Gas to Refine Completion Technique in Unconventional Reservoirs

Upstream oil and gas production deals with complex analysis of large data volumes related to the exploration and recovery of an asset. Big data has helped maintain a competitive edge for the industry by proving as a tool for efficient decision-making for the upstream...

Application of Real-Time Well Monitoring for Optimized Productivity

Real-time monitoring of reservoir fluids integrated with simulation models and 4D seismic with CoViz 4D allows asset teams to efficiently manage and optimize problem-solving and productivity.Reservoir teams obtain a better understanding of well production when...

Leveraging Python and Jupyter Notebooks for Oil and Gas Software Applications

With so many oil and gas software applications and so much multidisciplinary data to analyze, it can be cumbersome sharing vital information across disciplines. Many have found a solution in the collaboration of data visualization software, Python, and Jupyter...

Seismic Reservoir Monitoring Through Visualization

An ideal design, development, and management plan for hydrocarbon asset development comes from having a better understanding of  all known geological and petrophysical aspects of the subsurface. But given the dynamic nature of the reservoir and its attributes, petroleum professionals can encounter some complexities in the process of in-depth analysis.

Share on Social Media