Data Science and Analytics for Oil & Gas


Data Science and Analytics for Oil & Gas

Data Science and Analytics for Oil & Gas
20 - 24 أكتوبر 2024
Madrid, إسبانيا

Daily Agenda

Logical and Reliable Data Analysis, Descriptive Statistics, and Pivot Tables

  • Importing data into Excel
  • Best practice when analyzing data
  • Analyzing and representing coded data
  • Descriptive statistics and their real meanings
  • Performing a frequency analysis
  • The use of pivot tables and pivot charts
  • Noisy and incomplete data, statistical significance and dealing with outliers

Data Mode Shape Analysis

  • Plotting data against time
  • Generating data mode shapes
  • Fitting curves to data
  • Correlating mode shape to time-based events
  • Interpreting time series analyses
  • Moving average calculations

Scenario Analysis and Interactive Spreadsheets

  • Representing analytical problems as multi-input, single-output (MISO) systems
  • Deterministic systems analysis
  • What if and visual scenario analysis
  • Dynamic / interactive spreadsheets and the use of forms control
  • Moving window, conditional and adaptive calculations
  • Measuring the sensitivity of calculated variables

Regression Analysis and Correlation

  • Equations of curves
  • The prediction of future behavior using data shape – regression analysis
  • Linear, polynomial, exponential and power curve fits
  • The dangers of over-fitting
  • Data end effects
  • Goodness of fit (sum of square error – SSE) and R2
  • Evaluating equations, solving equations, and using Solver
  • Correlation and causality

Data Driven Methods and Analysis of Variance

  • Non-deterministic system
  • Data driven methods
  • One step ahead future prediction using data science (multivariate correlation)
  • Single factor analysis of variance (ANOVA)
  • Two factor analysis of variance
  • A demonstration of artificial intelligence – the travelling salesman problem

Amongst a wide range of interesting topics, the following will be prioritized:

  • Fundamental Statistics
  • Info-graphics Techniques using Excel
  • Basic of Oil and Gas Data Mining and Representation
  • Frequency Analysis
  • The Importance of Regression Analysis in Oil and Gas Companies
  • Confidence Interval
  • Hypothesis Testing

Introduction and Descriptive Statistics

  • What is Data Analysis?
  • A reminder of elementary statistics and compensations for small sample sizes
  • A Quick-start Tutorial for Excel
  • Describing Data Sets using Statistics
  • Representing Data Sets Graphically
  • How to create Info-graphic in Excel
  • How Info-graphics Data Presentation compares to the Traditional Methods

Frequency and Time Series Analysis           

  • Frequency of Occurrence
  • Histograms
  • Pareto Analysis
  • How Excel Dashboard is Different from Info-graphics
  • How to combine Excel and Power Point for Creating Info-graphics
  • Time Series and Trend Analysis
  • Estimation Theory and Its Relevant to Oil and Gas Data

Scenario Analysis, Confidence and Six Sigma

  • Modelling Scenario and their Application in Oil and Gas Companies
  • Interactive Spreadsheets
  • Confidence Intervals
  • Usefulness of Control Chart for Oil and Gas Companies
  • Error Bars
  • Online Tools for Creating Info-graphics
  • Practical Creation of Info-graphic using real Data

Regression Analysis Equations and System Modeling 

  • Simple Regression Analysis
  • Polynomial Curve Fits
  • Describing Data Using Equations
  • Prediction
  • The Applications of Regression to Oil and Gas Companies
  • Analysis Of Variance (ANOVA)
  • Comparing Different Types of Info-graphics

The Info-graphics Creation and Critique

  • Presenting Data Using Appropriate Reporting Style
  • Practice Creating the Info-graphics and Its Presentation
  • Focus on the Storytelling
  • Overall Review of Concepts Learned and How they can be applied in practice


الوقت والتاريخ
الأحد، 20 أكتوبر 2024
البداية - 10:00 ص (Asia/Kuwait)
الخميس، 24 أكتوبر 2024
النهاية - 10:00 ص (Asia/Kuwait)

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