“Oil Price Volatility Outcomes on Data-Driven Projects.”
Jeff Baker, PMP, ACP, and one of the principals of Houston-based consulting firm NB Business Solutions was a key speaker at the Data-Driven Production Optimization Conference on June 16, 2015. The conference, held at the Hilton Doubletree Hotel in Houston, TX, was attended by over two hundred data, IT and production executives.
The stated purpose of the conference was to bring together engineering and IT functions to drive efficiencies in production operations using digital technology.
Mr. Baker led a one hour panel session entitled “Oil Price Volatility Outcomes on Data-Driven Projects.” In it, Mr. Baker discussed the impact of low oil prices on digital oilfield projects within integrated and independent operators, evaluated the best approaches to cost management in low oil price environments, and assessed which technologies and data-driven techniques will prove most valuable in improving efficiency and reducing OPEX.