bMark Oil & Gas Benchmarking

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Deployed by 18 companies

Advanced upstream data analytics and AI

Page last modified

April 11 2024

bMark™ is an intuitive data analytics software tool, trusted around the world by oil and gas decision-makers to inform portfolio optimisation decisions. bMark™ allows users to discover global oil & gas field data thanks to its unique analogue database of 48,000+ fields and 4,600+ production profiles. In-built analysis, mapping and plotting features minimise time spent handling data compared to traditional methods giving your technical team more time to gain insights.

bMark™ unique built-in machine learning benchmarks allow users to predict reserves, optimise developments and analyse oil and gas portfolio performance quickly and with a high degree of accuracy.

Empower your technical teams today!

Pros & Limitations

Rapidly identify underperforming reservoirs thus improving efficiencies when allocating resources

Provides clarity for commercial teams responsible for key financial decisions: identify M&A targets and ensure investments/divestments are correctly valued

Validate/QC reserves bookings, data forecasts and development plans against global analogues. This removes any personal bias

Easy to use, intuitive graphic interface

Regular updates to global analogue database and production history profiles

Fully integrated GIS interface

Saves time and cost of manual analysis

Functionality allows import of own data, securely and quickly

Production profiles forecasting analytics

Easy access to industry-recognized open source field reports via hyperlinks

Access to expertise from in-house subsurface technical team

May challenge current working methods but ultimately offers unrivalled intelligence to users

Specification

Specification Title	Specification Description
Areas of Application	Oil & Gas: Technical Assurance QC gate across exploration \| Field development planning \| Portfolio management \| Board reporting \| M&A Reserves Resource Booking.
Compliance	Allows independent assessment/QC and audit of reserves reporting.
Impact	bMark™’s global data, combined with its proprietary machine learning benchmarks, offers clients unrivalled knowledge to maximise returns from oil and gas portfolios.
Input	Import own data securely and fully encrypted. Apply filters to analyse data accurately and rapidly.
Insight	Gives strategic insight on where to prioritise investment and improvement of development strategies.
Output	Create clear, customisable plots to export to presentations for Executive level communication.
Services	Upstream technical support for E&P lifecycle projects, data analytics consultancy, portfolio-wide benchmarking studies, bMark™ training courses.