Digital Oil And Gas

How To Misspend $100 Billion Using Excel

Informações:

Sinopse

Unconventional oil and gas is massive. Every year, over $100 billion is poured into steel, sand, and water just in Canada and the US. Yet, most of the planning behind these extraordinary investments still runs on Excel spreadsheets. Spreadsheets were fine in the 90s, but today they struggle to handle the complex interdependencies and real-world constraints of modern tight plays. The hidden cost to the industry is huge. Expensive inefficiencies, wasted capital, and missed opportunities to improve well design and execution. Other industries abandoned spreadsheets long ago when margins got thin, but oil and gas clings to them, and keeps burning the billions. My guest in this episode is Sean Hervo, a former Shell upstream engineer, who saw firsthand how spreadsheets literally strangle unconventional well planning. He co-founded PrePad, an innovative digital solution, that replaces bulkly and clunky spreadsheets with digital simulation and optimization tools, giving operators the ability to make faster, smarter, m