Technical Section Webinar: Wells Lifecycle Management: Deploy Modern Data Platforms and Agentic AI to Enhance Current & Future Value
Wells’ capital cost is often half of a field development cost. NPV reflecting both the CapEx and OpEx with production revenues needs to be constantly improved to compete with declining green energy costs and increasing reservoir access challenges. Transforming siloed operations between field planning, well construction, production, and abandonment to updating the reservoir models to locate future wells, to a unified data management leading to information transparency and agile execution, can accomplish this. The presentations, followed by a roundtable discussion among the leading experts, will showcase shortfalls in current data management practices. Continuing to show how the current wells lifecycle management could be reconfigured and modern data architectures and agentic AI deployed. OSDU™, Data Mesh, and Lakehouse platforms can unify the disparate systems, tools, and data streams. Agentic AI using the Model Context Protocol (MCP) delivers autonomous, context-aware workflows that validate handovers, perform risk assessments, and interact with legacy applications without custom integration
