Tiandi Energy is making a name for itself in the fields of data management and skilled staffing. In a conversation with PennEnergy, Tiandi President and co-founder Richard Ward has shared his thoughts on the role of data management in the industry, and how recent changes and technological advances are making it more important than ever.
Specifically regarding “The Big Crew Change,” the impending retirement of seasoned industry veterans and the concerning lack of skilled incoming workers to replace them, Ward sees the need for a major discussion between industry experts.
“One of the hard truths of ‘the Big Crew Change’ is someone new is going to have to do the work,” said Ward. “As such, we probably need to engage in an industry wide discussion of expectation of and investment in ‘a professional hand over’. What does it mean to finish one’s career as a professional, and hand over one’s work to someone else?
“Data management plays a significant role in this as they are the bridge between the current generation of workers and the next, whoever they are & where ever they are. One can imagine that when a new worker enters the industry a few years from now one of the first people they will seek is the Data Management team. “Where is everything I need to learn to get up to speed?” will be asked of the Data Management team, either directly or indirectly when the overworked operational managers do not have time to sort through everything.”
Ward also sees data management’s role in reducing project costs, specifically in unconventional exploration. Costs are rapidly increasing in that corner of the industry, in part due to staffing problems.
“Unconventional reserves require more man-hours per barrel to develop,” said Ward. “Available manpower is rapidly diminishing, thus salaries and day-rates are on the increase. In these situations effective Data Management can reduce the time, and therefore budget, wasted searching for data and related documentation.”
The slightest cost increase can quickly snowball when spread across an entire shale play.
“Due to the volume of wells drilled in unconventionals, a significantly higher budget than “old school” drilling may exist,” said Ward. “With some wells costing $10,000,000 to drill, increasing that cost by only $500k can end up costing your company Billions for the entire play when multiplied across a large number of wells. As such there is constant pressure to be faster, cheaper, & more agile in operations. All of these are a function of decisions driven by data. Poor data management slows things down and delays progress. Good data management can enable rapid cost reduction and control.”
For some, a small compatibility issue can arise when implementing new data management. According to Ward, it’s not a new concern, and it’s one with existing fixes.
“This is an old problem for the industry and one that persists as new systems and platforms are introduced to the portfolio,” said Ward. “With regards to workarounds, adherence to standards such as PPDM or WITSml greatly reduce this issue. But even then, most of these situations reduce to manual comparisons between schema and documentation.”
For the first part of PennEnergy’s conversation with Richard Ward, click here.
For more information on Tiandi, visit their website at http://www.tiandienergy.com/.