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400%

Return on investment

$21.56M

Net profit value

14 months

Payback period

Source: Forrester: Total Economic Impact™ of Cognite Data Fusion®

Well Delivery has an industrial data problem

Traditional well delivery workflows are characterized by siloed data, inaccessible and unstructured data, chaotic data governance, and high risks and costs for operators.

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Cumbersome process accessing intimate knowledge of historical drilling outcomes that are essential for safe operations.
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Complex data landscapes due to multiple disciplines’ participation in drilling planning and execution activities.
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Technical interpretation and well design are done in siloed vendor software suites.

15%

Reduction in costs by using digital in exploration

30%

Reduction in costs by adopting digital in reservoir

40%

Reduction in costs by using digital in well delivery

Source: McKinsey