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Performance Optimization

One of the main criticalities of forecast/estimating activities is the lack of reference data to carry out benchmarks and risk assessments. To tackle this issue it is recommended to measure the performance of any project during its execution in order to understand possibilities for improvement but also create dataset useful for future developments.
kwantis has a strong expertise in data modeling and statistics to measure the performance of any kind of project, defining tailored KPI / KRI and provide tangible optimization strategies.



CHALLENGES

  • Lack of information from offset projects limits risk assessment / planning accuracy.
  • Huge amount of data coming from equipment sensor are potentially valuable, however arduous to manage and to analyze.
  • Poor impartial indicators for project performance / contractors performance.
  • Need to measure the risk exposure of the project.
  • Compare objectively different technologies or projects from a portfolio.

KWANTIS KEY ASSETS

  • Large expertise in statistical fitting for distribution definition.
  • Large experience in definition of KPI / KRI for different type of industries.
  • Databases modeling and management (experience with different RDBMS).
  • Multi-year experience in drilling and completion performance evaluation (proprietary id3 software release in 2016).
  • Large expertise on the use of different business intelligence tools for data visualization and dashboard creation (Qlik, Tableau, Spotfire).
  • Expertise in predictive analyses based on data management.

TYPICAL INTERVENTIONS

  • id3 software – ready-to-use solution to manage and analyze drilling data coming from different sources (rig sensors and reporting).
  • Project data management (workflow definition, database design, interface construction, dashboards...).
  • WITSML data management: data download, ETL, database population.
  • Creation of tailored KPI / KRI.
  • Enhancement of probabilistic simulation, fitting the input variables on past data.

KWANTIS - COPYRIGHT NOTES

All ownership rights pertaining to the information and material contained on this website, including but not limited to the kwantis name, logos, trademark, graphics, images, multimedia contents, files, documents and other content, are owned or have been duly licensed by kwantis S.r.l. with all rights reserved. Unless otherwise specifically designated, kwantis is the unique owner of all intellectual property rights to this website and all its contents.

Website visitors/users are authorized to copy, print and distribute these documents for internal informational, personal or non-commercial purposes only, provided that no modifications are made, and it is not published in any media unless with the written content of kwantis S.r.l.

Each individual document published by kwantis might include typographical inaccuracies or typographical errors, which kwantis will change and improve at any time without notice. All documents are provided “as is” without warranty of any kind, either expressed or implied, concerning the completenss, relevancy, accuracy, reliability, fitness for any particular purpose, non-infringement of any data, information, or services furnished to users through this website.

KWANTIS - PRIVACY POLICY

SUMMARY
We make no effort to identify public users of our site. No identifying data is disclosed to any third party for any purpose. Data that we collect is used only for site administration and researching the efficacy of our tools.

GENERAL
This statement describes how personal data of public users of our website kwantis.com are eventually collected. This statement is given in accordance with article 13 of Italian legislative decree n. 196/2003 concerning the handling of personal data. This statement applies only for the website kwantis.com - and not for other sites that might be reached by the user by following links to contents external to kwantis.com.

DATA CONTROLLER
The "controller" of the users' data as defined by the l.d. 196/2003 is the CEO (Amministratore Delegato) of kwantis S.r.l., based in Milan (Italy), Piazza Quattro Novembre, 7 - 20124.

DATA COLLECTION
All data are processed by kwantis S.r.l., and are not disclosed to any third party for any purpose. Personal data (such as name, email address, and other personal data voluntarily given by the sender) of users who request various material and/or information (such as marketing brochures, company information, answers to technical and commercial enquiries, etc.) are used only to expedite the user's request.

TYPES OF DATA
Our website functionality relies on Information Technology systems and software that collect users' navigation data. This data collection is indeed implicit in the most common Internet communication protocols. As is typical, we log http requests to our server. This means that we know the originating IP (e.g. 18.29.0.1) address of a user agent requesting a URL, the timestamp of the requests, the request method, and other parameters such as the operating system of the user. This data is only used for administration and researching the efficacy of our tools. We do not log the specific identity of visitors. We occasionally analyse the log files to determine which files are most requested. We do not use technologies such as cookies to maintain any information on users. Session cookies could be generated in order to allow protected and efficient navigation on our website.

DATA PROCESSING METHODS
Logged information is kept indefinitely as admistrative and research material, not disclosed outside of kwantis organization. Aggregate (completely non-identifying) statistics generated from these logs may be reported as part of research results.

DATA SUBJECT’S RIGHTS
Users have the right to obtain confirmation as to whether or not personal data concerning him exist, and has the right to obtain updating, rectification or, where interested therein, integration of the data. Furthermore, the cancellation of unlawfully completed data can be required, and all further rights (in accordance with article 7 of Legislative Decree 196/2003) regarding establishment of contact with the retainer of the data (kwantis S.r.l.) may be exercised. Such requests will have to be directed to the kwantis data controller.

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