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"Big Data" in the Energy Industry

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How have data collection, the size of datasets, data types, and analytics practices changed in the oil industry over time?

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"Big Data" in the Energy Industry

  1. 1. “Big Data” in the Energy Industry Paige Bailey September 26, 2015
  2. 2. WARNING!(or disclaimer, rather)
  3. 3. A little bit of history
  4. 4. First well log?
  5. 5. First seismograph?
  6. 6. First oil well?
  7. 7. Drilling has been around for a long time, but it’s only been successful due to data acquisition methods.
  8. 8. Now
  9. 9. World’s largest public, state-owned, and private businesses
  10. 10. World’s largest public, state-owned, and private businesses 7 out of 10
  11. 11. Profitability for oil companies is directly tied to reserves.
  12. 12. Mapping Reservoir Characterization Cross-sections Petrophysics Reservoir Simulation Well Planning & Drilling Simulation Stratigraphic Modeling Seismic Interpretation
  13. 13. Mapping Reservoir Characterization Cross-sections Petrophysics Reservoir Simulation Well Planning & Drilling Simulation Stratigraphic Modeling Seismic Interpretation
  14. 14. Mapping Reservoir Characterization Cross-sections Petrophysics Reservoir Simulation Well Planning & Drilling Simulation Stratigraphic Modeling Seismic Interpretation
  15. 15. How big is “big”?
  16. 16. Data impacts the entire value chain.
  17. 17. The Future
  18. 18. 2000 - 2010 : Decade of “Big Data”
  19. 19. 2000 - 2010 : Decade of “Big Data” 2010 - 2020 : Decade of Sensing
  20. 20. “Oil and gas industry leaders continue to look to digital technologies as a way to address some of the key challenges the industry faces today in this lower crude oil price cycle. Making the most of big data, IIoT and automation are indeed the next big opportunities for energy and oilfield services companies, and many are already starting work in these areas. They are increasing investments in enabling people and assets, with a growing emphasis on developing data supply chains to support analytics projects that can improve efficiencies, manage cost and provide a competitive edge. Companies who do not continue to invest in digital technologies risk being left behind.”
  21. 21. Thank you!

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