“Big data combined with smart people and smart software is proving to be very powerful.” (Jeff Spath, 2014 SPE President; JPT January 2014)
What is “big data”? The term “big data” refers to more than simply a large volume of different types of data, both structured and unstructured, with varying degrees of accuracy. It also includes a suite of applications providing solutions and analysis — a data-centric method adept at uncovering otherwise invisible patterns and connections by linking disparate data types.
Large volumes of data are nothing new to the oil and gas industry. With the continued world-wide expansion of Intelligent Digital Oilfield (DOF) assets and projects, coupled with the exponential growth in the volume and complexity of acquired data, the industry needs to rapidly adapt to a new generation of technology and processes.
Find out more about Big Data in the following SPE resources:
Management: Using Big Data Analysis Tools To Understand Bad Hole Sections on the UK Continental Shelf
Joe Johnston, CGG, and Aurelien Guichard, Teradata (Journal of Petroleum Technology, October 2015).
Next Generation of Smart Reservoir Management: The Eminent Role of Big Data Analytics, SPE Forum Series, 18-21 January 2016, Dubai, UAE.
Transforming E&P Applications through Big Data Analytics, SPE On-Demand Web Event, 9 July 2015.