AWARD WINNING PROJECT BY BISOFT AND GENEL ENERGY PARTNERSHIP

 bisoft product developer

We, as BisSoft, provide solutions in the field of business intelligence to the companies and aim to increase the efficiency of the business with data analysis. The project that we realized in 2016 with the General Energy Plc partnership, which is traded on the London Stock Exchange, has succeeded in receiving the award from OpenWorld. We are proud to have earned the “Specialized Partner of the Year: Business Analytics“, the “Special Partner of the Year” award in the Business Analytics category.

Oracle’s global event, which is held every year in San Francisco, the OpenWorld is an event where Oracle business partners come together and business strategies are shared, as well as solutions that are delivered by successful business partners. We, as BiSoft, succeeded in being selected as “Business Partner of the Year” in EMEA (Europe, Middle East and Asia) region after our 7 years partnership with Oracle.

For this award, we received with the business analytics project carried out with Genel Energy, our CTO and founding partner Serdar Güler said: “In this project, we aimed to meet the reporting-related expectations of General Energy, which has offices in different locations both in Turkey and abroad. We also reorganized the data in a very different format with a creative approach, brought it together in a single data warehouse and made it ready to produce reports via business intelligence. We are delighted that our solution has been evaluated within the scope of OpenWorld and is awarded the largest prize in the EMEA region.”

Greater Efficiency Provided in Oil Analysis

As an Ankara based IT firm, we aim to be active in the private sector, in the same way as we are in both domestic and foreign, as well as government offices and ministries that we work intensively. We serve our customers at the point of storing and analyzing their data, and we aim to serve the entire energy and mining sector, especially oil, in the private sector.

Developed for the UK-based petroleum company Genel Energy, which we are partnering with, the product reads the data from the sensors and analyzes them to evaluate; and supports the decision-making process in the business management area. At the same time, thanks to the correct analysis of the values in a region where oil and gas work is being done, the product can guide the creation of a production plan for the region studied and opening process of an oil well in the region. Instant data can be viewed by the Genel Energy data analysis team and the results of the analyzes can be monitored from both the central office and abroad.

Our product, R&D of which is completed in 2 years and is ready to be applied on the field, can also analyze other underground treasures at the same time. In addition to data collected on the site, the product, implementation of which is finalized, can collect production, sales, finance or engineering data and put them into the data warehouse, and at the same time analyze this data.

Genel Energy’s Accumulated Data Passes Through an Innovative Process

With the product we have developed, the existing data in the e-mail environment and collected in MS Excel files can be processed into the new database. For the project, the existing data, which was kept in MS Excel files for 16 years and 90% of Genel Energy, were brought together and almost 3 million field analyses were carried out. This data set was collected under the data warehouse structure and made into meaningful analyzes. In this regard, it was aimed to determine the long and short-term policies of the firm with the facilitation of access to information and comparative analysis.

At the same time, an environment was created in which the data received from oilfields, having Internet access and not having Internet access, could be processed together. The product reduced the months-lasting data analysis (before General Energy has partnered with BiSoft) down to a few minutes. In the project using Oracle database technology, MS Excel and PDF files sent via e-mail at the same time are also automatically transferred to the database.

The system can produce meaningful results from the data on even MS Excel, MySQL, IoT data, text data, e-mail and even paper-based data. Our next goal for the product is to come to a point where engineers working on the field can follow them on mobile devices in real-time hands. Another goal is to be able to create a forecasting structure that will allow the system to alert for the data out of the confidence intervals and to take necessary precautions.

Important Steps Taken for Energy and Oil Sector

It is known that many investments would be wasted if collection is not properly collected and analyzed. We continue to work on data analytics in the industry and how to improve profitability with this data. This project we have developed for Genel Energy has become Knidos Petrolium Analytica product, which can produce solutions for many companies especially in oil and natural gas sector.

It is inevitable for oil and natural gas companies to go into cost constraints as the price of the extracted oil is reduced by half. In these sectors, it is known that oil exploration drilling works and similar transactions are carried out with excessive costs like minimum 10 million USD.

We aim to increase the accuracy of the profits of the oil and natural gas exploration and production processes, to increase the accuracy of the given profits, to enrich the business analytics with future forecasts, and to provide meaningful data to the oil companies by contributing to the minimization of these troublesome and costly processes thanks to the product developed by BiSoft. At the same time, we want to realize global scale and high-volume business partnerships with projects in similar concept at project level.

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