Visual analytics and design of experiments for the petroleum industry
I am excited that JMP is going to the Society of Petroleum Engineers ATCE conference for the fourth time in five years. For the past 87 years, ATCE has been the leading technical conference in the Exploration and Production area of the oil and gas industry. JMP is so flexible that it can be used in every industry –- and I have multiple examples of using JMP for production in the oil industry. I'm looking forward to showing what JMP can do. So if you will be at the SPE ATCE conference Oct. 30-Nov. 2 in Denver this year, please stop by our booth and take a look at all of the applications of JMP in this field.
For example, design of experiments in JMP has traditionally been used in oil production because it is powerful and flexible for creating good designs for simulators. Some use the custom designer to create fewer runs, and some use the space-filling designs, which are specifically designed for use with simulators. JMP has multiple powerful and visual modeling platforms to analyze the results.
Also, JMP visual analytics can be used to increase production rates and reduce costs. Analysis of historical data, both geological and process-related, can provide valuable insights for improving production and reducing environmental effects. JMP reliability analyses will allow reliability engineers to forecast potential failure and determine how to target failures. The following graph compares the life cycle of the top-performing pump type (Pump B) to the lesser-performing pump types.
JMP Pro is a more advanced version of the software that brings the power of predictive analytics to production and reservoir engineers. JMP Pro has additional modeling techniques to create predictive models in adverse modeling situations. The Prediction Profiler found in both JMP and JMP Pro allows engineers to dynamically visualize the effects of each predictor on the response. They can then analyze various scenarios by instantly changing factor values and seeing the impact on the response. The graphic Monte Carlo simulator allows them to use simulation to see the effect while including the variability and the distribution information. The graph below shows a sorted list of predictors that JMP Pro determined affects the recovery factor in a specific well type.
The graph below shows the Prediction Profiler with the graphic simulator based on a Neural Net analysis on the six most important predictors of the same data.