IDS Launches New Web-Based Reporting, Analysis Application for Industry

IDS is launching its new web-based reporting and analysis application for the upstream oil and gas industry, VisNet2.0.

VisNet2.0 has been fully remodeled to provide overarching data visualization and analysis at differing levels to suit the precise needs and budget of the individual client. The new VisNet2.0 brings together the advantages of a basic Data Analysis Tool (DAT), the ease of use of static queries, with those of an Advanced Data Analysis Tool (ADAT), creating and customizing complex queries. The result is the flexibility of an ADAT, yet made possible within specific spheres to match client requirements.

The functions of VisNet2.0 can be broken down into two main areas: query & visualization creation and data viewing.

  • Query & visualization creation: Either static or custom queries can be built with the ability to set different rights levels to manage access to editing. Specific fields, units, calculations and formulas can be set, all in a user-friendly drag-and-drop format. Queries can then be refined, filtered and have different formulas applied. The results can be exported to various charts, where column and row data can easily be reversed, and to PDF, Powerpoint, Excel and Word, in CSV or HTML.
  • Data viewing: Data can be visualized on a dashboard where the viewer can arrange multiple tables and charts on one screen in a defined format. This provides an overview of a range of activities and their impact. Rate of penetration can be scrutinized versus productive and non-productive time and compared rig to rig, well to well or even tour to tour. The data can be viewed as a profile and refreshed as required.

Douwe Franssens, Global General Manager for IDS, said, "The aim of VisNet2.0 is to provide the right level of application for each client. The new framework allows clients to select only those screens and tasks that they require. It is possible to utilize the entire application or to set specific queries with specific visualizations so that these can be generated without having to run lots of reports and charts. Basically it allows for the maximum output from the minimum input."