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“The Data → End-User Point of View”

Rodnan Garcia. Manger of Energy Economics Research, Repsol

14th International JODI Conference

Session 3: Benefits of the JODI Cooperation Mechanism across the Energy Data Supply Chain

Cairo, 20 October 2019

Disclaimer

2

The views and opinions expressed in this presentation are thoseof Rodnan Garcia and do not necessarily reflect the officialpolicy or position of Repsol.

3Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

4Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

5Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA

6Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA

Information

↑

7Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA

Information

Insight

↑

↑

8Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA

Information

Insight

↑

Foresight

↑

↑

9Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA → COMMERCIAL TECHNICAL ←

Information

Insight

↑

Foresight

↑

↑

10Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

Insight

↑

Foresight

↑

↑

11Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

InsightDerivative Financial

↑

Foresight

↑

↑

12Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

InsightDerivative Financial

↑

ForesightPrescriptive Investment

↑

↑

13Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

↑PREDICTABLE OUTCOMES

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

InsightDerivative Financial

↑

ForesightPrescriptive Investment

↑

↑

14Source: HIS and Economic Research Department of Repsol

The Data → End-User Point of ViewHow do we use Energy Data?

Energy Company → Economic Research Department → Support to decision makers

↑

↑PREDICTABLE OUTCOMES

DATA → COMMERCIAL TECHNICAL ←

InformationDescriptive Domain

InsightDerivative Financial

↑

ForesightPrescriptive Investment

↑

↑

15Source: EIA, AIE, Thomson Reuters, JODI and Economic Research Department of Repsol

The Data → End-User Point of View

Accomplishments: Rightful steps towards objectives“Timeliness, accuracy and completeness”

Challenges: Transversely among sources… It is difficult ifnot impossible to work with just one source

16Source: EIA, AIE, Thomson Reuters, JODI and Economic Research Department of Repsol

The Data → End-User Point of ViewAccomplishments: Rightful steps towards objectives “Timeliness, accuracy and completeness”Challenges: Transversely among sources… It is difficult if not impossible to work with just one source

Venezuela Crude Oil Production

0.5

1.0

1.5

2.0

2.5

3.0

0.5

1.0

1.5

2.0

2.5

3.0

Jan-

15

May

-15

Sep-

15

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May

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May

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May

-19

Sep-

19

Mill

ion

Bbl/

d

IEA EIA Thomson Reuters JODI

17Source: EIA, AIE, Thomson Reuters, JODI and Economic Research Department of Repsol

The Data → End-User Point of ViewAccomplishments: Rightful steps towards objectives “Timeliness, accuracy and completeness”Challenges: Transversely among sources… It is difficult if not impossible to work with just one source

Venezuela Crude Oil Production USA Petroleum Consumption

19.0

19.5

20.0

20.5

21.0

21.5

22.0

19.0

19.5

20.0

20.5

21.0

21.5

22.0

Jan-

15

May

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Jan-

19

May

-19

Sep-

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Mill

ion

Bbl/

d

IEA EIA JODI

0.5

1.0

1.5

2.0

2.5

3.0

0.5

1.0

1.5

2.0

2.5

3.0

Jan-

15

May

-15

Sep-

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Jan-

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May

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Sep-

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Jan-

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May

-18

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May

-19

Sep-

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Mill

ion

Bbl/

d

IEA EIA Thomson Reuters JODI

18Source: Microsoft and Economic Research Department of Repsol

The Data → End-User Point of ViewThe impact of digital revolution on our way to work with Data

We have to be prepare to meet future data-user’s expectations:

• Who? More than 75% of labor force will be millennials in 2025.

• How? 41% of employees declare to spend more time working

out of their desk than 2 years ago.

• Things are changing? Almost 90% of executives believe

digitalization will affect their sectors.

19Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

20Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

21Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

22Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

NEURAL NETWORKS

23Source: IntelliPaat and Economic Research Department of Repsol

The Data → End-User Point of ViewHow would I like the future of Energy Data?

NEURAL NETWORKS

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