Oil and Gas: Using spatial data in the oil and gas industry
Location-based analysis is being used by oil and gas companies to manage uncertainty and shape a more resilient and sustainable future.
More Effective Data Management
Spatial data is used extensively across the oil and gas industry in the form of seismic data, reservoir models and well logs. Despite progress there is no consistent industry standard for managing and maintaining spatial information.
Inconsistency in data asset naming conventions, even within a company, hinders the chances of an explorationist finding key data when they need it. It is not unknown to discover that a company has found that it’s cheaper to commission new data to support work on a potential site than to devote time to tracking down existing poor quality information.
New ventures and data exchange
As stakes are taken in new ventures and data is exchanged with contractors, partners and governments this unco-ordinated approach costs both time and money. Furthermore, inconsistent use of audit trails to track who created or altered a record and to establish the reasons for an amendment affects the perceived reliability of data.
There is a requirement for one consistent source of data spanning the exploration, economic and production workflows.
Consolidating existing data
With more than 80% of data possessing a geographic reference, GIS provides a powerful method to consolidate existing data and to set up consistent data structures. Esri products provide the framework for analysis and visualisation of data that can be shared with multiple stakeholders. This includes the integration of in house data with industry data sets and specialist tools such as:
- Wood Mackenzie
- Quinsy - Terramodel
- Fledermaus - bathymetric imagery
- Kingdom SMT
- Sub surface seabed models
By consolidating data in one place managerial, operational and decision making information can be streamlined enabling resources to be focused on the issues that matter.
Read how the cloud can solve your data management problems.