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.
Interactive Network Technologies, Inc. (INT) a leader in advanced domain visualization in digital exploration and production (E&P) and Bluware Corp., the digital platform that enables the oil and gas industry to accelerate digital transformation initiatives and adopt cloud computing for subsurface data, are pleased to announce the integration of Volume Data Store (VDS), a data format with adaptive streaming technology for seismic data storage, into IVAAP, an upstream data visualization platform.