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How to digitalise exploration day 1


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


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