Data-Driven Asset Performance Management

Synopsis: Data-driven performance management is mainly a strategic approach to leveraging data analytics and insights to monitor, evaluate, and improve asset performance in the energy industry. It involves collecting and analyzing data related to the activities, achievements, and outputs of an asset to make informed decision about performance. Data sources may include productivity metrics, sales figures, project completion rates, and other relevant performance indicators. Following collection, data is analyzed to find trends, patterns, and opportunities for development. Advanced data analytic techniques, such as predictive modeling and machine learning algorithms are employed to derive actionable insights from the data. These insights support managers and experts in the energy sector in locating high-performing assets, pinpointing performance gaps, and efficiently allocating resources. With data-driven performance management, managers and executives in the energy industry can receive ongoing feedback that highlights the asset's areas of strength and improvement based on current performance data. By leveraging data-driven performance management, energy leaders can be empowered to optimize asset performance and drive organizational success. This session aims to explain what data-driven performance management is, and the key role it is expected to play in the performance and efficiency of energy leaders.

Emmanuel, a multiple international award-winning Petroleum Engineering Consultant with extensive and diversified energy industry experience. He is a renowned authority in Digital Transformation, Production Operations, Management and Hydrocarbon Accounting/Metering Solutions following series of hands-on experiences at; Geoservices, ConocoPhillips, Addax Petroleum, Shell and Heritage Energy. He is the CEO and founding partner of Suneses Energy Limited – a leading Energy Solutions provider.

Emmanuel has authored and presented several technical papers on these subjects at major platforms worldwide and led Society of Petroleum Engineers International webinar. He is author of the book, ‘The Digital Leader: Demystifying Leadership in Digital Transformation Era’. Emmanuel has served in numerous Society of Petroleum Engineers committees and facilitated workshops and courses. He is a Registered Engineer, Fellow of The Nigerian Society of Engineers, Fellow of Nigerian Institution of Petroleum Engineers and member of SPE International Digital Energy Technical Section as well as SPE International Production & Facilities Advisory Committee. Emmanuel was the Chairman, 2021 Digital Energy committee at the Society of Petroleum Engineers International Annual Technical Conference & Exhibition held in Dubai – UAE. He holds BEng, MEng, MBA & PhD from Universities in Nigeria, United States of America & The United Kingdom.