“Big Data” in the Energy Industry

Paige BaileySeptember 26, 2015

WARNING!(or disclaimer, rather)

A little bit of history

First well log?

First seismograph?

First oil well?

Drilling has been around for a long time, but it’s only been successful due to data acquisition methods.

Now

World’s largest public, state-owned, and private businesses

World’s largest public, state-owned, and private businesses

7 out of 10

Profitability for oil companies is directly tied to reserves.

Mapping

Reservoir Characterization

Cross-sections

Petrophysics

Reservoir Simulation Well Planning & Drilling Simulation Stratigraphic Modeling

Seismic Interpretation

Mapping

Reservoir Characterization

Cross-sections

Petrophysics

Reservoir Simulation Well Planning & Drilling Simulation Stratigraphic Modeling

Seismic Interpretation

Mapping

Reservoir Characterization

Cross-sections

Petrophysics

Reservoir Simulation Well Planning & Drilling Simulation Stratigraphic Modeling

Seismic Interpretation

How big is “big”?

Data impacts the entire value chain.

The Future

2000 - 2010 : Decade of “Big Data”

2000 - 2010 : Decade of “Big Data”

2010 - 2020 : Decade of Sensing

“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.”

Thank you!