Peloton has various technical papers available. Request these papers to see how Peloton has helped our clients obtain better analysis, leading to informed decisions and overall better performance and profitability. Learn more about how software like SiteView® , WellView®, and RigView® have helped multiple clients below:
Consolidating Equipment Data for Asset Management in SiteView,
Within an operator, each department's definition of an equipment list and the amount of data gathered for equipment may vary. The owners of equipment lists may create documents that depend entirely on their role and the information they need to get their job done. This may lead to information bias and subjective data management for equipment. The concept may be further complicated in companies with assets in different countries or states/provinces, where regulators have differing definitions and data submission requirements.
The solution to cover all the different aspects of asset data is to implement a system, such as Peloton's SiteView, to support all the different views on the concept of what an equipment list is and where the source of record should be. You can use SiteView as the authoritative data source for one of your company's most critical assets - the equipment which produces revenue.
Modeling a Site in SiteView,
Managing all of the operations and assets that a company is responsible for can be a daunting task due to the number of assets in the field, the different groups or departments who either need data or work at a site, the number of times the assets are modified, and the number of years the lease remains active.
Oil and gas companies must demonstrate that they are responsible operators and that the development of the resources complies with the commitments set out in the agreements - from the initial application, to operations conducted during all the stages of development, up to and including reclamation of the resource back to its original state.
Peloton's SiteView application provides a system to help oil and gas companies manage all of the operations and assets they are responsible for, and to comply with and remain in good standing with landowners and regulators.
Managing Upstream Oil and Gas Production Facilities with SiteView,
The continuous and efficient operations of oil and gas production facilities directly affect the financial performance of an oil and gas company. Ensuring that the equipment conditions are known, and the equipment is effectively maintained, increases asset reliability and performance, while reducing operating costs and capital expenditures. Often in the E&P businesses, information about facilities and their equipment are maintained in multiple ways, including homegrown databases, spreadsheets, and on paper. Due to the extensive volume of equipment information, such as inventory and location, inspections and audits, and maintenance/work orders, important and sometimes critical details are lost. When such crucial information is stored in multiple places and used by many different roles throughout the supply chain, information regarding equipment cannot be effectively utilized. A consolidated database of equipment like SiteView® addresses this gap. SiteView® offers a consolidated database of facilities, wells and their associated equipment. The application captures and manages information about surface facilities, equipment, and pipelines, enabling asset tracking, focused maintenance programs, and site-wide inventories of equipment and supplies.
A comprehensive operations management database maintaining information on producing assets also enables greater effectiveness in managing new construction, refurbishments and routine preventative maintenance. As such, SiteView® is used as a total site management resource due to its wide-ranging data collection and reporting features. Beyond maintaining information on surface facilities and equipment, managers can also track surface land information, including landowners, surface lease numbers, contact history and EHS.
Driving Performance-Managing Oilfield Site Costs and Operations—A SiteView® Application,
A significant challenge facing e.xploration and production (E&P) companies is the rising cost of constructing and operating oil and gas facilities. The lifecycle of the well is punctuated by capital projects, from survey to drilling to plugging and abandonment (P&A), and final reclamation of the site. Managing project costs is difficult due to the frenetic pace of activity in which large expenses are often incurred over relatively short periods. Traditional semi-manual methods of capturing and tracking these costs using spreadsheets, email and other forms of print, are error-prone, labor-intensive and can delay reporting. A consolidated, cost-tracking database application, specifically designed for oilfield operations, can be a solution to managing and reducing projects costs.
Managing Drilling and Fracturing Programs with RigView ,
Effective scheduling is fundamental to optimize on extensive resources that are invested in drilling and fracturing. Schedules must be visible to all the stakeholders involved and be updated quickly as changes arise. Because of the dynamic nature of drilling and fracturing operations, which typically involve multiple roles in an E&P company, it is easy for important details to be misplaced or overlooked. Operating companies have historically relied on a variety of scheduling tools to aid the process including spreadsheets, Microsoft Project, and homegrown software. These individual tools limited the visibility of the schedule, the ability for the schedule to be as real-time as possible, and the ability to query about the site or wells involved. RigView®, Peloton’s well and site-centric project scheduling system, performs and consolidates the rig and/or frac schedules in a compound, enterprise-wide database. All stakeholders on a day-to-day basis keep RigView® up to date. The white paper describes the application of RigView® to the critical business process of scheduling important phases in the lifecycle of the well. It also offers two case studies detailing how Chesapeake Energy Corporation is utilizing RigView’s capabilities to increase the effective utilization of drilling and fracturing contractors and resources.
The Value of Failure Tracking and Analysis Using WellView,
Production downtime is costly in the capital-intensive operations of drilling, completing and operating wells. For more than two decades, E&P companies have understood the business value of systematically documenting equipment failures in the field and analyzing their root causes. Knowing the specific frequencies and root causes enables the identification of trends and patterns in failures over time, which can reduce both costs and production downtime. This paper illustrates the importance of having a consolidated data repository for tracking and analyzing failures in the field by equipment type, location and cause. The ability to capture and analyze failures enables trends and patterns to be identified, so that changes to equipment and processes can be made to increase the Mean Time between Failures (MTBF).
Tracking Lessons Learned In WellView® to Improve Design,
The purpose of a lessons learned database is to bring together any insights gained during a project that can be usefully applied to future projects. Lundin Norway first implemented the WellView® learned learned database as part of a larger project to improve their Drilling and Completion system. They now consult the lessons learned database for valuable input to ensure planning and operations are executed as effectively as possible.
Modeling a Well in WellView ,
What is a well? The concept of a well is one of the most misunderstood terms in the oil and gas industry. Each department’s definition of a well and reference to a well depends entirely on their role and the information they need to get their job done. The concept may be further complicated in companies with assets in different countries or states/provinces, where regulators have differing definitions and data submission requirements. The good news is that Peloton’s WellView® solution can serve as the authoritative data source for one of your company’s critical assets – the well.
Integrating Oilfield Workflows through a Software Infrastructure,
In the oilfield, centric to the hydrocarbon supply chain, the lifecycle of wells is comprised of numerous stages and stakeholders. Data is gathered, processed and communicated from each phase of operations and used by multiple departments. Due to the dynamic aspect of operations that pertain to the well lifecycle – from operations, drilling, rig and project scheduling to construction and reclamations – the most recent and up-to-date data must be accurately and instantly accessible by the corresponding operation units and departments to maximize efficiencies of workflows.
As data is being transferred throughout an E&P company, typically through cumbersome spreadsheets, email, and even paper, information is often lost or delayed since it is not integrated and managed within a single source or database. This lack of integration of information inhibits effective workflows. This white paper provides a short case study on what is meant by workflow integration by highlighting how a Canadian E&P company is improving the overall efficiency of their operations by leveraging an integrated suite of Peloton products.
New Practices for Oilfield Water Management,
Water is a critical component in drilling and hydraulic fracturing (fracking), and is rapidly becoming a significant part of operating costs, incurring not just the costs of acquisition, treatment and sustainable disposition, but also the indirect costs of regulatory compliance. Further to this, extracting, transporting and treating water utilizes a large amount of energy. This paper describes how operators have implemented new and effective practices for managing water using SiteView® and WellView, software applications by Peloton.
Three case studies are presented here that highlight the experience of Encana, Range Resources, and Noble Energy in applying these technologies to track and manage water as a resource.
Well Asset Management: The Importance of Status & Classification ,
Have you ever wondered how many operated or no-operated wells you have, how many gas or oil well you have, where your service wells are located, how many wells are producing or inactive, which wells are waiting on completion or are abandoned and ready for reclamation?
An inability to answer these questions can have a negative impact on your business, including delays, non-compliance with partners and regulators, poor asset management, and missed opportunities. The good news is that the WellView data model has the ability to track all of these classifications and statuses throughout the life of the well.