How to digitalise exploration day 1

What digital initiatives will help exploration to be more effective and efficient?

Wednesday, October 2, 2019, Kuala Lumpur, ADAX, Bangsar South

Oil companies are now spending 8 per cent of their global exploration budgets on digitalisation, according to a Wood Mackenzie study. What are they spending it on? Wood Mackenzie quotes companies say they spend it on AI, automated seismic interpretation, data mining and analytics, information management, cloud data storage.

This is baffling because very few AI systems exist, and information management is still poorly supported. Perhaps what companies really mean is that they are spending money on data integration and their own staff to work with it.

Exploration data is expensive to work with because it usually requires great geophysics or other domain expertise to understand what you are looking at and how to integrate it. You may retain more resolution from data if you integrate it with other data forms before inverting it to depth. That's not easy.

At our 8th KL subsurface data forum, "digitising exploration," we'll review some of the ways companies can use advanced digital technologies on exploration projects and where the value is.

If you may be interested in speaking please contact Karl Jeffery, editor of Digital Energy Journal, on jeffery@d-e-j.com


Download report from our 2018 event

See the agenda for our 2018 event first day

Agenda

Sponsors of this event

Finding Petroleum
Finding Petroleum was established to help the oil and gas industry network, and stay up to date on the latest technological developments. It does this via hosting regular events, distributing their colour magazine - Digital Energy Journal, and with an online social network of nearly 700 members.

Energistics
Energistics is the leading upstream oil and gas industry's data standards body. We are a global, non-profit consortium established over 25 years ago to bring together industry professionals in a neutral and collaborative environment to develop and deploy open data exchange standards and to address oil and gas information sharing challenges. Our members consist of integrated, independent and national oil companies, oilfield service companies, hardware and software vendors, system integrators, regulatory agencies and the global standards user community.
For more information, visit our website at www.energistics.org.

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