Oil and gas wells generate a torrent of technical and financial data throughout the exploration and production life cycle.  Managing and utilizing this flood of information over the life of the asset requires specialized, yet narrow data systems and applications, resulting in an information sprawl of disparate data silos.  And asset management teams, who are charged with making decisions to maximize return on investment, simply cannot find, compile and analyze data in a timely manner. As a result, decisions are delayed and often based on incomplete data or multiple versions of the truth.

Information technology is enabling an unprecedented capacity for storage and acquisition of data streaming in from the field.  Never before has the petroleum industry had more information to support decision-making, from finding new reserves and drilling to production allocation and field optimization.  Yet when it comes to achieving higher returns, retaining a competitive edge and improving operational safety, it is not how much data is available that is the key success factor.  It is how that data can be most effectively deployed to generate value creating business intelligence and corporate knowledge.

The digital oilfield runs on information - federated data management is the key

In this exclusive white paper, iStore provides insight into digital oilfield information delivery and the critical role of an agile data access approach, featuring:

• E&P information landscape, data management challenges and business drivers
• federated data management approach, information architecture and benefits
• case study detailing integration of 30 drilling, production and GIS data sources
• value of a hybrid incremental master data store / federated master data solution

To receive a free copy of Powering the Digital Oilfield please register by providing us with your name and e-mail address in the form to the right and a copy will be instantly sent to your inbox.  And be sure to let us know what you think.