Enables Customized, Asset-Level Operational Insight Via
Complete Power BI Integration into the ForeSite
Platform
BAAR, Switzerland, Aug. 6, 2019 /PRNewswire/ -- Weatherford
International plc (OTC-PINK: WFTIQ) (the "Company" or
"Weatherford") announced the integration of Microsoft® Power BI
into the ForeSite® production optimization platform for the
oilfield industry. This integration accelerates ForeSite users'
ability to deep dive into their production data, conduct analyses,
and create simple, easy-to-digest data visualizations that
illustrate virtually any production scenario from the well to asset
level.
Power BI features are fully integrated into the ForeSite
optimization workflow, enabling visual data exploration to condense
vast amounts of oilfield data from any corporate data source into
actionable dashboards and reports. ForeSite users will be able to
create and visualize customized data reports or select from a
series of built-in visualization dashboards and reports that
monitor KPIs and identify production optimization opportunities.
Among the pre-built, production-data analysis package are:
- Financial Health Report lets users assess
production versus spend by job, by service provider, by asset
group, and more. This leverages data from ForeSite Field Services
Management module.
- Failure Analytics Report lets user assess current
and historical failure data to gain insight into vendor or
technology efficiency, including equipment performance of two or
more vendor brands to determine the lowest total cost of ownership.
- Asset Performance Dashboard gives real-time update
on preset KPIs such as production targets, asset downtime, uplift
potential, and more.
- Manager's Report gives a broad, asset level
performance visualization for an asset or enterprise including
estimated versus actual spend and production.
"By fully integrating Power BI into our powerful ForeSite
platform, we're helping our customers see their production data in
a way that's easily accessible and visually informative, yet
requires far less preparation and data-science expertise," says
Manoj Nimbalkar, Vice President of
Weatherford Production Automation and Software. "Simply put, we're
putting asset-level intelligence and data reporting at the
operator's fingertips."
The Power BI connector is the latest expansion to ForeSite
platform capabilities. Introduced in May
2017, ForeSite remains the only enterprise-level platform to
optimize the complete life-of-well productivity from downhole to
the point of sale. The platform combines physics-based models with
advanced data analytics to improve performance across wells,
reservoirs, and surface facilities on a single, secure platform. It
optimizes naturally flowing wells, reciprocating rod lift, ESP
(electric submersible pumps), gas lift, plunger lift, injection
wells, PCPs (progressing cavity pumps) and soon hydraulic lift.
About Weatherford
Weatherford is one of the largest multinational oilfield service
companies providing innovative solutions, technology and services
to the oil and gas industry. The Company operates in more than 80
countries and has a network of 620 locations, including
manufacturing, service, research and development, and training
facilities and employs more than 24,500 people. For more
information, visit www.weatherford.com and connect with
Weatherford on LinkedIn, Facebook, Twitter and YouTube.
Contact:
Christoph Bausch
+1.713.836.4615
Executive Vice President and Chief Financial Officer
Karen David-Green
+1.713.836.7430
Senior Vice President Stakeholder Engagement and Chief Marketing
Officer
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