Spotfire, Geomark team on geochemistry

Webcast shows DecisionSite use in oil trading—leveraging ad hoc data mining capability.

Spotfire and GeoMark Research are teaming to demonstrate the use of Spotfire DecisionSite for interactive visual analysis of geochemical data. Geochemical applications span the upstream and downstream petroleum business. Spotfire is used to mine log data for overlooked pay zones and to optimize commercial strategy in the downstream.

Impurities

Petroleum purchasers’ discount oil prices depend on the impurities of the well sample. Purchasing strategies for a portfolio of samples require careful geochemical analysis. DecisionSite facilitates such analysis by connecting to multiple data sources—offering ad hoc data mining with minimal IT support. Analysts can deploy best practice as DecisionSite ‘guides’ to users, and can share and report results through DecisionSite’s Posters or by export to PowerPoint.

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