Engineers & Operations

  • No more time-consuming or broken spreadsheets
  • Save the time, effort and cost of building your own tool
  • Incorporate all your Oil & Gas data sources
  • Do effective analysis from day one
  • Speed up your analysis with vast pre-built capabilities
  • Includes our Discovery Analytics methodology & workflows
  • Purpose-built for Oil & Gas
  • Embedded with industry experience, expertise & best practices

Senior Management

  • Targets efficiencies
  • Optimizes corporate performance
  • Adds millions to your bottom line
  • Creates alignment between people, processes, and data
  • Delivers value from day one
  • Catalyzes innovation across your organization
  • Purpose-built for Oil & Gas
  • Creates a culture of analytics

IT Managers

  • Delivers consistent, reliable information
  • Centralized business logic
  • Provides enterprise-level scalability
  • Offers an open, configurable environment
  • Rapid implementation saves time and money
  • Flexible licensing structure
  • Purpose-built for Oil & Gas
  • Not a build-it-yourself toolkit

Analytics for the entire well lifecycle

Planning

Drilling

Completions

Production & Operations

Planning

Optimize your development strategies and corporate value

  • Use public data to understand evolution of plays and technology.
  • Perform competitor analyses and leverage best practices for type curves, completion design and statistical methods.
  • Scrutinize data quickly, easily and visually.

Drilling

Get an integrated view on how drilling impacts all aspects of a well’s lifecycle

  • Use rig-state KPI’s to compare current and historical drilling activities to identify optimization opportunities.
  • Leverage drilling data to inform completion design.
  • Integrate multiple data sources to get a holistic view of drilling impacts on value.

Completions

Optimize your completion design with multivariate analysis

  • Compare different operators’ completion techniques to refine your approach.
  • Better understand the impacts of technology & design on production.
  • Leverage our Machine Learning expertise to better understand & optimize completion designs.

Production & Operations

Optimize your production and operational performance

  • Minimize your downtime and reduce its impacts.
  • Improve your ability to hit production targets.
  • Perform more effective well reviews with integrated financial performance analysis.
  • Enhance collaboration between the field and head office.

Only Verdazo BI offers Discovery Analytics

Our Discovery Analytics methodology is the most powerful approach to Oil & Gas analytics in the industry. Discovery Analytics enables a sequence of explorations, each predicated on the insights of the last. Other tools are limited by the technical and domain expertise of their creators. Verdazo BI enables you to steer your analysis in whatever direction your insights take you.

Explore our industry-leading analytics content

December 7, 2020 by

Production Surveillance in Under Five Minutes.

As a producer, it is important to be able to quickly narrow focus to specific assets requiring additional attention and prioritize efforts to achieve optimal performance.  In this short blog, I will demonstrate a quick and powerful workflow I have often utilized as a Production Engineer.  This workflow will help you zone in on those assets requiring additional TLC. How is corporate production this week? How does it vary from the prior week? Which assets are contributing to any weekly variance? Are these assets underperforming compared to a theoretical capability? HOW IS CORPORATE PRODUCTION THIS WEEK?  HOW DOES IT VARY FROM THE PRIOR WEEK? As a starting point I must know how current production compares to the prior week production.  The chart below shows corporate total production for the week along with the variance from the prior week.  Is there a positive or negative variance?  Is that variance expected, or unexpected? Figure 1: Corporate Total Weekly Production Summary with weekly variance   VERDAZO TIPS Separate the different Y axis’s by clicking the icon with the two arrows pointing towards one another in the quick bar. Add Chart data in a tabular form by clicking the Data Viewer icon in the...

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November 6, 2020 by

The tips that every E&P company need if they want to maximize their asset value at all lifecycle stages.

VERDAZO 2020 Blog 1 – In the beginning; there was acquisition and play assessment.   The following blog series illustrates how VERDAZO can be used for the nose to tail analytics journey aimed to maximize value, optimize costs and drive operational efficiencies. VERDAZO can provide the confidence to drive informed decisions and focus on areas that will have a material impact on the balance sheet. We begin with a brief discussion regarding acquisition and play assessment. The Western Canadian Sedimentary Basin contains some of the most prolific and potentially profitable oil and gas resources in the world. The trick is to unlock these assets economically, safely and efficiently. This journey often begins with an acquisition target, assessment of it’s potential and a highly informed speedy determination on how to proceed. Determining the potential of an acquisition can be a daunting task given the wealth of available data, thus the need to leverage discovery analytics.  Discovery analytics is a sequence of explorations, each predicated on the discovery and insight of the last. Caution! The following is an illustration of an analytics workflow, not a fully vetted opportunity. Need for Speed – Initial Assessment: In the competitive market of discounted acquisition targets, it...

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April 20, 2020 by

Analytics Checklist – Surviving Low Commodity Prices

When commodity prices fall and capital programs for drilling and completions get cut, its time to turn your attention to analyzing your data and making decisions that will minimize the negative consequences of these times. That’s why Verdazo has given all their clients unlimited licenses to help them dig into their data and find the opportunities that will help them the most. Today I’m going to offer a bit of a checklist and some suggestions about what you could/should be looking at. Essentially what you’ll be doing is a detailed asset review. A typical asset review would be looking at every well and assessing its performance from three perspectives: Production Performance, Financial Performance, and Performance to Plan. A typical asset review would be answering questions like these on a monthly or quarterly basis: Are we on plan? What’s the variance & trajectory? What wells are losing money? Why? Are there identifiable patterns? What are our top performing assets? What’s our strategy to keep them that way? What are our bottom performing assets? What are we doing about it? What cost/downtime reduction strategies are we exploring? (e.g. change in chemical treatments, new workover strategy, equipment changes) What’s our shut-in plan if...

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