Increase production. Decrease cost.
Optimize
Optimize your assets through automated workflows.
The One Virtual Source Workflow Library automates quality control, analysis, calculations, asset surveillance, and more. Our clients see production improvements across thousands of wells achieving up to 30% production gains and delivering as much as one million dollars in additional daily revenue from a single field.
By automating many of the processes, One Virtual Source increased production across the entire field by 4% netting over $1m per day.
One Virtual Source deployed Plunger Lift Optimization on 4,500 gas wells in the southern US and achieved up to a 30% production increase per well.
Steam injection planning down from two man-days to two minutes. Engineers return to engineering.
Optimization in any Operation
One Virtual Source contains methods, modules, and workflows for all areas of oil and gas operations. Whether you’re managing a massive unconventional play or just need to compare KPI’s to actuals in a small field, we have a solution for you.
PLANNING
One Virtual Source is your field planning tool and provides unique automation around decline curve analysis and type-curve generation. Workflows apply the forecasted costs to run hypothetical scenarios to establish the break-even dates and economics.
DRILLING
One Virtual Source collects and tracks data results for drilling dashboards and reporting. Surveillance by Exception provides real-time reports on how the well is proceeding and how it compares to other wells drilled. Specialized workflows provide summary reports after a completed well which you can then use to design your next project.
PRODUCTION
One Virtual Source is tuned to increase production in hundreds or even thousands of wells. Surveillance by Exception ensures wells and facilities are performing according to plan. The OVS framework can help to automate and survey your assets to ensure your plan and actual stay on track.
RESERVES
One Virtual Source provides efficient means to estimate reserves at any entity level with a robust Decline Curve Analysis module. Other analytical methods such as volumetrics and material balance are available through third party applications or from engineering workflows provided with the One Virtual Source framework. Reserve revisions and calculations are measured in days not weeks with OVS allowing your team to do more than ever before.
FACILITIES
All of the capabilities of One Virtual Source help optimize your facilities. One Virtual Source provides connections to data, real-time surveillance, and complex workflows to monitor your equipment, optimize network elements, and implement surface engineering processes such as flow assurance and modeling.
Automated Alarms
Surveillance by Exception automatically generates alarms that identify events or potential issues which need attention. Once identified, these issues can be resolved through workflow automation including: hypothetical scenarios, complex calculations, relevant data presentations, historical information, and more. Surveillance by Exception uncovers opportunities in real-time and closes gaps in efficiency.
Broad Application
Whether you are focused on financial information, technical data, maintenance databases, operational schedules, land leasing programs, or drilling comps, Surveillance by Exception supports the specific KPI’s you need to manage assets based on your role.
Ready to monitor your environment with One Virtual Source?
Increase production, reduce costs, and maximize efficiency all in a flexible highly configurable platform.
