Advanced analytics for

production optimization of

upstream assets

MARKET OPPORTUNITY:

Digital Technologies

Executive summary

2DIGITAL TECHNOLOGIES MARKET OPPORTUNITY: ADVANCED ANALYTICS FOR PRODUCTION OPTIMIZATION OF UPSTREAM ASSETS

Advanced-analytics-based production optimization of upstream assets is the use of algorithms and

software to statistically analyze, model, and optimize parameters (topside focus) to improve

production efficiency.

Today, operators in Qatar perform production optimization on offshore assets, mainly using static

reservoir models.

It will be possible to utilize more big data analytics engines to analyze larger historical data sets in

real time and identify unknown correlations/dependencies.

To implement this, there will be demand for services and software related to data structuring,

modeling, and system integration.

This type of production optimization can be expected to be implemented in approximately 20

facilities throughout upstream players in Qatar over the next five years.

As a result, there will be growing demand for analytics software and services estimated to be a

total of approximately QAR 200M over five years (including implementation and ongoing

support/maintenance costs).

Incentives for local sourcing can be provided through land allocation in free zones, ICV

procurement schemes, and easing of the regulatory environment for business.

There is potential for growth through the emergence of a new market for machine learning and

AI-based services and software.

Detailed opportunity description

• Text

3DIGITAL TECHNOLOGIES MARKET OPPORTUNITY: ADVANCED ANALYTICS FOR PRODUCTION OPTIMIZATION OF UPSTREAM ASSETS

Advanced analytics for production optimization

of upstream assets Utilization of advanced analytics models and optimization

engines capable of optimizing parameters using hundreds of

nonlinear variables and multiple technical constraints to

Identify nonobvious correlations and causations that impact

production rates.

Identify the best combination of process parameter

settings to optimize productivity with real-time optimization.

Identification of the optimal combination of parameter settings

by using all available data (e.g., gas-lift optimization, choke

settings, injection, other topside settings, and weather) to

develop the best productivity model.

Localization opportunity

Business scope

Consulting services related to

Data structuring, cleaning, and preparation

Data analytics to understand historical performance

Developing prediction models and optimization engines

User and automation interfaces

Change management plans

Technical consulting related to

Data extraction from data systems

Setting up firewalls

Technical integration into existing IT infrastructure

Out of scope

Manufacturing of hardware/sensors if required

Capital intensity

Low (QAR 0-10M) Medium (QAR 10-50M) High (QAR 50M+)

14 11 182828

28

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2023192018 21

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20

14

56

22

3239

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0 2 6 10 16

Upstream assets optimization rolled out, number

Market size

4DIGITAL TECHNOLOGIES MARKET OPPORTUNITY: ADVANCED ANALYTICS FOR PRODUCTION OPTIMIZATION OF UPSTREAM ASSETS

Estimated spend (Qatar only) on analytics for production optimization, QAR M

Key highlights

Advanced-analytics-based production optimization is currently not performed by upstream

operators in Qatar.

In the next five years, production optimization using advanced analytics is expected to be

implemented in 20 upstream facilities by ramping up four facilities per year on average.

This will lead to a total demand of approximately QAR 200M over five years, including

implementation and ongoing support and maintenance costs.

There is potential for growth through the emergence of a new market for machine learning and AI-

based services and software.

Implementation spend Ongoing support and maintenance

20

Relevant stakeholders

Potential buyers*

All Qatari upstream

energy

*Examples shown not exhaustive

Disclaimer

5DIGITAL TECHNOLOGIES MARKET OPPORTUNITY: ADVANCED ANALYTICS FOR PRODUCTION OPTIMIZATION OF UPSTREAM ASSETS

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Email: tawteen@qp.com.qa | Website: https://tawteen.com.qa