The 2008 P2 Energy Solutions International
Conference
Sharm El Sheikh, Egypt
November 11-12th
Who We Are
Newfield is growing. We are an independent oil and gas company with a balanced program of exploration, production and acquisitions. We are traded on the New York Stock Exchange under the ticker “NFX”.
THE FACTS
Proved Reserves: 2.5 Tcfe, 75% natural gasEnterprise Value: ~$9.7 billionOffice Locations: Houston, Texas (Headquarters), Tulsa, Oklahoma; Denver, Colorado; Kuala Lumpur, Malaysia; Beijing, ChinaAreas of Operation: Onshore Gulf Coast, Mid-Continent, Rocky Mountains Gulf of Mexico, offshore Malaysia and China Employees: ~1,000
Our Assets
M A L A Y S I A
C H I N A
INTERNATIONAL AREAS
T E X A SLOUISIANA
N E W M E X I C O
O K L A H O M A
U T A H C O L O R A D O
M O N T A N A
W Y O M I N G
ROCKYMOUNTAINS
MID-CONTINENT
SOUTH TEXAS
VAL VERDE BASIN
EAST TEXAS
GULF OF MEXICO
N O R T HD A K O T A
S O U T HD A K O T A
WE HAVE A DIVERSIFIED ASSET BASE
NFX PROVED RESERVES
What We Have Done
0
400
800
1200
1600
2000
2400
2800
1998 2000 2002 2005 2006 *2007
RockiesMid ConInt'lOnshore GCGOM
* NFX Sold Nearly 400 Bcfe in 2007
190 Bcfe 232-239 Bcfe
2007 PRO FORMA 2008e PRODUCTION
PRODUCTION
What We Have Done
Int’l10%
Mid-Cont.33%
GOM8%Rockies
18%
OnshoreGulf
Coast31%
Int’l
4%
Mid-Cont.45%
GOM4%
Rockies
28%
OnshoreGulf
Coast19%
>22% Growth!
The Challenge
Data
Information
Decisions
Value
Data… Systems … Data … Systems
Silos of Data
OperationsDaily Drilling reportsDaily ProductionWork Over ReportsFailure AnalysisSafety SystemsArtificial lift Analysis
EngineeringReservesWell Test AnalysisReservoir SimulationNodal AnalysisEconomic EvaluationWell Test Analysis
GeoscienceSeismic DataWell logsGeo-StatisticsVelocity SurveysWell locationsDirectional Surveys
FinancialLOE/LOS BudgetingGeneral LedgerContractsP&L StatementsAccounts Payable
Limited Data Integration
End Users must go through a series of systems to integrate data– Integration is Typically by Department– Time Consuming– Difficult
Operations Geological
Engineering
Financial
Fully Integrated Data
Better Information Better Decisions Better Value
Must be easy to Access
How did we accomplished this at Newfield
Developed and communicated a simple to understand Model that described how we would run and implement our ERP
Designed IT Goals which promote the use of integrated data within IT and the company
Leveraged the P2ES Hierarchy
Added industry standard keys– UWI – Location information
Newfield ERP Model
…
Prod DM
ProdReporting
L-1
L-2
L-0: Core NFX Financial database (Transactional)
L-1:Datamart reporting tables (Read Only)
L-2: End User Interface Layer (multiple interfaces)
Land DM
AFE DM Hierarchy
Fin DM LOE DM
GISSystem
LandMapping
LOEReporting
AFESystem
ReserveReporting
BudgetSystem
ECMSystem
OLAP
OracleP2ES
L-0
Senior IT Goals
“Bench Strength”
Exploit current systems.
“Evergreen”
Audit and design processes to continually maintain current data.
Focus on retrieving value from existing systems.
• ECM• GIS• Production
Evolve today for tomorrow
• Training• Build
Knowledge
Keys are the Key
10 Business Unit
20 Team
30 Area95 Departments
40 Field 41 Prospect
56 Lease 50 Well 54 Land Lease
60 Completion 64 Land Tract
74 Land Depth
P2ES Hierarchy
Keys are the Keys
P2ES Hierarchy was used to relate all internal data– Internally developed systems– Purchased 3rd party systems
Industry Standard Keys– UWI Used to access Public and industry information– Evergreen process to assure accuracy
– Latitude/Longitude Used for Spatial representation
Results
The Rules worked– A brief look at 3 systems– Turning Data into Value
– Daily Production System
– Corporate GIS
– ECM (Enterprise Content Management)
Production
GIS – Well Data
Newfield Corporate Web GIS
Geographical ERP Menu
GIS – Land Data
ECM
Predefined Folder Taxonomy
P2ES HierarchyInherited Metadata from ERP
Google Style File Search
What we Learned
Technology was not the problem– Used standard off the shelf technology– Oracle Materialized Views – ESRI Suite– Microsoft .Net
Data Keys were the Key– Leveraged the P2Es Hierarchy – Used industry standard keys
Education and pushing the IT staff to work outside of their comfort zone was essential
Once Data integration is understood it is contagious
Change Management is extremely important
Systems must not be complicated
The Challenge
Data
Information
Decisions
Value
Questions
Thank you for your time and
I look forward to answering your questions.
Top Related