SPE Asia Pacific Oil and Gas Conference and Exhibition 2011
DOI: 10.2118/145760-ms
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Confidence in Data Aids Improved Asset Value

Abstract: Twenty-first-century oil and gas operations are facing a unique set of challenges that require new workflows and processes, and new ways to leverage technology. The objective is to help petrotechnical professionals manage huge volumes of data to improve understanding and analysis, and support sound decision making—with an ultimate goal of improving asset value.

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“…Significant challenges remain which include opacity, noise and relationality as well as how to export data from sources such as sensors without corruption and loss (Ekbia et al , 2015). This is particularly challenging in the petroleum industry which has a vast amount of proprietary technologies which are not compatible and lead to individuals having to manually move data (Palmer, 2011). A great deal of literature on business data/information management focuses on systems and, specifically, the development of “business intelligence” solutions that are purported to maximise productivity within an organisation.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Significant challenges remain which include opacity, noise and relationality as well as how to export data from sources such as sensors without corruption and loss (Ekbia et al , 2015). This is particularly challenging in the petroleum industry which has a vast amount of proprietary technologies which are not compatible and lead to individuals having to manually move data (Palmer, 2011). A great deal of literature on business data/information management focuses on systems and, specifically, the development of “business intelligence” solutions that are purported to maximise productivity within an organisation.…”
Section: Literature Reviewmentioning
confidence: 99%