For E&P companies, the next challenge in their digital transformation — once their data has been properly stored, indexed, enriched, and cataloged in the cloud — is to make it available in a collaborative way where users can easily interact with the data through exploration, computation, and analysis. To create this digital workspace, companies must […]
Data management can benefit from a single point of access of all subsurface data, simplifying data exchange, sharing, and consumption. For data managers, OSDU can enable new technology solutions that aggregate data, simplify search, and improve discoverability. Paired with the right subsurface data visualization platform technology, OSDU can pave the way to automate tedious tasks, workflows, and analysis, ultimately providing quicker information to stakeholders for faster decisions.
Aging workforces, low oil prices, and pressure to reduce environmental footprint are all forcing E&P companies to rethink how they operate; which is why there is so much interest in embracing digital transformation. But digital transformation is more than the use of new digital technologies to optimize workflows and improve business processes.
The oil and gas industry is historically one of the first industries generating actionable data in the modern sense. For example, the first seismic imaging was done in 1932 by John Karcher. Since that first primitive image, seismic data has been digitized and has grown exponentially in size. It is usually represented in monolith data sets which may span in size from a couple of gigabytes to petabytes if pre-stack. The long history, large amount of data, and the nature of the data pose unique challenges that often make it difficult to take advantage of advancing cloud technology. Here is a high-level overview of the challenges of working with oil and gas data and some possible solutions to help companies take advantage of the latest cloud technologies.