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24 June 2020 SPE Distinguished Lecturer Webinar – Data Analytics with Human Intelligence: Outlier Analysis for Decoding Unconventional Plays
June 24, 2020 @ 10:00 am - 12:00 pmFree
SPE WA are proud to present the details of the SPE QLD Section’s live webinar on “Data Analytics with Human Intelligence: Outlier Analysis for Decoding Unconventional Plays ” by SPE Distinguished Lecturer, Ben Stephenson!
Webinar registration for SPE Members:
Note that once you register on the website, a separate email will be sent to you which has a link that takes you to the webinar specific entry gateway before the webinar.
About the Presentation
Thousands of wells are drilled and stimulated every year, and much data is generated in the process. How can we use this wealth of information to develop our oil and gas fields most effectively? And will analytics and machine learning preclude the need for traditional scientific inquiry and modeling? A fundamental conundrum is how to understand the relative contribution of the subsurface versus the drilling and completion practices to well performance. Data analytics can help, but not by itself; human thinking is still required.
Two case studies are presented: the Montney play in Canada with 450 wells, and the Marcellus play in the US with 230 wells. In both plays, statistical analysis of large datasets did not suffice, forcing the creation of a novel technique called ‘Outlier Analysis’, in which specific hypotheses are systematically scrutinized against the production data. Emphasis is placed on understanding the very best and very worst wells within the range. The outcome was a step-change improvement in well performance in both plays, which provided confidence for a major investment decision for Canada.
This methodology is rooted in the teachings of some of the great philosophers in history: Locke, Popper, and Kant, reminding us that scientific enquiry still has a role to play. With the evolution of data analytics and digitalization, the economic winners will be those that supplement it with human intelligence, based on sound physical principles and logical thinking.
About the Speakers – Ben Stephenson
Ben Stephenson is a Geoscience Advisor in the Completions Effectiveness Team for Unconventionals at Shell. He holds a BA in Natural Sciences from Cambridge University and a PhD from Oxford University on Himalayan tectonics and metamorphism. In his 20-year career with Shell, he has worked on conventional carbonate and geothermal fields around the world as a subject matter expert for fractured reservoirs. He now specializes in the interaction between hydraulic stimulation and the subsurface for field development decisions. He has authored over 30 external publications on a broad range of topics and is a regular speaker at conferences.