“Thunder is good, thunder is impressive – but it is lightning that does the work” Mark Twain
Another week, another great opportunity to hear the latest news and perspectives from 1,000+ veterans, professionals, and students from the geoscience community throughout the Gulf Coast region as we prepare to join them at this year’s GCAGS conference next week (Sept 20-22nd, George R Brown Convention Center, Houston).
We’re particularly looking forward to working with our friends at Dynamic Measurement LLC, as they demonstrate how lightning databases open new ways to measure and monitor natural resources – an area of work for which they will be accepting the Grover E Murray award for best published paper of 2014. (“Aquifers, Faults, Subsidence, and Lightning Databases”) .
Be sure to visit with them at booth 435 to learn more about this new and exciting non-invasive technology, and to hear from H. Roice Nelson and Louis Berent as they demonstrate O&G field correlations from lightning attributes, and show how it is possible to map faults using resistivity and permittivity rock property volumes derived from lightning databases.
The GCAGS is also partnering this year with the AAPG-SEG student Expo, and we’re very excited to see our own Sasha Gumprecht present her MSc Thesis on the Tectono-Stratigraphic Evolution of the Centaur 3D Survey, Exmouth Plateau, North West Shelf, Australia during the oral sessions on Monday afternoon.
Her presentation is part of the Global 3D Seismic – GCSSEPM – Session that will be held in room 310 (chaired by Eric Scott of Talisman and Thomas Hearon of ConocoPhillips). Join us at 4.30pm for what promises to be a very informative presentation.
We hope to see many of you there!
We’re very pleased to be joining our friends KCA at the Houston Energy Breakfast on September 17th, and looking forward to meeting with many of the leading lights in the Oil & Gas industry to discuss the latest insights, developments and perspectives on the current state of the global energy market.
As we were thinking about the theme for this months breakfast – ‘Creating Value along the Value Chain’ – it brought to mind the fascinating book by financial journalist James Surowiecki, ‘The Wisdom of Crowds’.
In it, Mr Surowiecki shows through a variety of examples from all walks of life that large groups of people are smarter than an elite few, no matter how brilliant–better at solving problems, fostering innovation, coming to wise decisions, even predicting the future those experts may be.
During Hess Corporations Q1 earnings call on April 29, 2015, COO Greg Hill noted that “Of the $550 million of initial savings we have identified, about $50 million comes from reduction in activity level, $250 million from what I will call self-help cost reductions … that are across the board and come from more than 1,000 different opportunities identified around the company.”
By any standard, it’s clear that Hess are taking advantage of the wisdom of crowds!
Join us Thursday morning at one of the Houston Energy Breakfast pre-event networking stations, and let’s talk about how Oil & Gas companies in today’s economic environment are capturing the best ideas from their crowd – their employees – and what are the best practices for acquiring, ranking and tracking those new ideas so they can be acted on quickly, creating value all along the value chain.
Industry conditions have companies and professionals tightening their belts and evaluating how best to spend their time and budgets. Finding efficiencies for your company, sharing knowledge and maintaining a culture of continuous improvement are always essential elements for successis – and are even more important during a downturn.
Come visit our booth at URTeC to learn how one leading Oil & Gas company has leveraged our Smart Process Application technology to help capture, rank and execute >$500m in combined Opex and Capex cost savings in just the first quarter of 2015.
How big an impact can your team make to your EBIDTA in the next 90 day? Let’s talk about how we can help you achieve similar results … We’re looking forward to seeing you there!
We are excited to announce the release and immediate availability of Prospect Director v 5.2, the latest version of our Smart Process Application Platform.
With the introduction of visual application design, new abilities to add and design chart types, and an improved rules engine, we invite our existing customers to install this latest release and immediately begin taking advantage of the new features in the platform.
||Why is it important to customers?
||Canvas – our new visual application design surface – is the future of application design in Prospect Director and makes UI and Application design a visual, simple, drag and drop process. For anyone with PowerPoint experience, application design will soon become second nature using Canvas. Rapidly designing the entire look and feel of pages within your Smart Process Application, adding rich behavior and creating a compelling user experience has never been easier, with the complex technical interactions handled automatically in the background. Prospect Director v5.2 ships with both chart and free-form markup components for use within the Canvas design surface with many more components planned for our upcoming releases.
|Charts & Graphs
||Prospect Director has empowered our designers and user community for years with a rich set of data collection, organization and querying capabilities. While viewing data is incredibly useful, visualizing that data through the use of charts and graphs, turn the useful into the compelling and pleasing. Version 5.2 provides the ability to add four different chart types to applications built on our platform – namely Area, Bar, Column and Line. Designers are provided with complete control over what data should be displayed, and with 80+ options for controlling the visual appearance of your charts, communicating exactly the story you want to your user community is nearly unlimited. Again, if you have had experience creating charts in Excel, then creating charts in Prospect Director will be a quick exercise.
|Rules & Workflow
||Prospect Director v5.2 introduces two new Events to our Rules Engine. Designers can use these Events to validate items of interest to the business as they are being moved through any process/workflow and evaluate its readiness: * Ensure no data is missing / no documentation is lacking, or use your own custom formulas for analysis to determine whether a project is ready for the next phase in its lifecycle. * If rules for progressing are not satisfied, send it back to the team and halt its progress until it meets your custom criteria. Controlling workflow and rules of engagement are completely customizable and can fit the unique needs of your business and company culture … Make your decisions, your way, consistently!
The 5th Annual Operational Excellence in Oil and Gas Summit is taking place in Houston November 3-5, 2014. This 3-day event provides a unique opportunity for the industry’s Operational Excellence leaders to share and discuss proven best practices for operations performance transformation … and we’re excited to be participating!
We’re particularly looking forward to Roddy Evans, of Hess Corporation, presentation on Wednesday, Nov 5th
– “Achieving and sustaining asset integrity and reliability as part of a holistic operational excellence strategy
We recently recorded a podcast with Roddy – available here
– previewing his presentation, and we’re looking forward to hearing more at the Summit about how Hess have leveraged the Opportunity Register (a Smart Process Application, developed on 3GiG’s Prospect Director platform) to encourage and enable a culture of continuous improvement throughout the company.
Come visit 3GiG at the AAPG Conference in Houston, April 2014
3GiG is an integrated technology and services company for the O&G industry, headquartered in Houston, Texas – delivering a Smart Process Application platform designed to help improve the effectiveness of their unstructured, un-automated, human-based collaborative business activities and processes. We will be exhibiting at this years AAPG conference, and would love to see you there.
Carol Hartupee, Sr Reservoir Engineering Analyst at W&T Offshore, will be joining us on Tuesday April 8th to talk and answer questions about how W&T have leveraged 3GiG’s Prospect Director platform to help manage and improve their prospect inventory lifecycle management processes.
Join us at the Smart Fields Summit, where our CEO Kandy Lukats will be among the featured speakers.
In a pre-event survey, 44% of respondents believe that the most important component of smart fields’ development is people who are capable of adapting to new technologies and fulfilling their changed role. This result was also supported by the findings that showed that two thirds of the survey participants would like to change their top management’s attitude towards smart fields’ projects.
Join us at this event to learn how others in the O&G industry are answering these key questions:
- How important is technology, people and process in implementing integrated operations?
- What is the biggest challenge relating to data management?
- What are the technical challenges your company is facing in developing smart fields?
3GiG are pleased to have been selected to present at the 11th Annual Rice Alliance IT and Web Venture Forum, to be hosted December 5th, 2013
The Rice Alliance Annual IT & Web Venture Forum is the largest conference of its kind in the southwest. This event represents an opportunity to learn about the latest emerging technologies, meet investors and individuals from the energy and clean technology industry, learn about investment opportunities and promising companies seeking to expand their management team, as well networking with entrepreneurs, researchers, investment professional and business executives.
Learn more about the event here: http://alliance.rice.edu/2013_it_web_venture_forum/
The Microsoft Global Energy Forum is a prestigious annual technology-focused energy industry event welcoming business leaders in both Business Operations and Information Technology roles.
To complement their value assurance process, Hess has developed a common system for subsurface evaluations performed by asset teams throughout the global E&P business. This system, the Subsurface Milestone & Deliverables (SMD), was designed to provide guidelines for project management and stewardship, define milestones for the delivery of technical products, set standards for integrity of technical products, and emphasize timely collaboration, documentation and knowledge transfer.
In 2012, HESS began a project to develop an online platform to house the SMD system and overcome the implementation challenge. In his presentation at the Global Energy Forum – The Path to Knowledge Transfer and Collaboration: Platforms for Connecting Results with Direction in a Changing E&P Landscape
– Rick Beaubouef, Chief Geologist at Hess discusses how the project evolved to create the Hess Pathfinder2020 Smart Process Application.
Pathfinder2020 is one of several Hess applications designed and deployed on 3GiG’s Prospect Director™ platform, which leverages Microsoft’s Internet Explorer, SQL Database solutions and Office Products. Prospect Director’s interface enables Hess to dynamically and rapidly build structured/unstructured data models and intranet user interfaces for specific use cases or storyboards to support a range of proprietary business decision processes and knowledge management requirements.