Energy Companies use statistics in a variety of ways in order to streamline their discovery patterns and to maximize returns on their activities.
From pipeline analysis through to energy trading desk solutions Mango helps companies harness the power of statistical analysis.
Energy companies run massive pipeline systems over some of the most inhospitable territories in the world. From the North Sea to Alaska these networks of pipelines are difficult to reach and maintain. The cost of having a stoppage in a pipeline can run into millions of dollars very quickly. Mango worked with an oil company to analyse their corrosion data to pinpoint where corrosion was most likely to occur. This predictive analysis work helped the oil company to schedule their inspection teams more effectively and efficiently, saving both time and money.