Tapping into Geospatial Data for Better Insights
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- Jan 11, 2020 2:11 am GMT
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Oil and gas organizations collect massive volumes of data being generated and stored in the well planning, drilling, and production processes. Integrating these data sets for visualization and analysis is difficult. New technology brings new opportunities to tap into these datasets for modeling across geographies and time. The key is geospatial analytics which has historically been available only to GIS specialists focused on mapping and data automation/management.
You can play with the live data and tools via an online demonstration from OmniSci. Interactively explore a US oil and gas dataset from UpstreamDB covering nearly 256 million well production records from nearly 1.3 million wells, spanning 20 years of well performance. Analyze production decline performance, correlations, rate of change and compile formation-based type curves in seconds.
As geospatial capabilities support large datasets over time, data that was collected for a single purpose can now be used for new analysis to make better decisions and find hidden opportunities. See what you can find in the data and imagine what else you can do by adding your own internal information.