The unfinished revolution : what is missing from the E&P industry’s move to “big data”

Perrons, Robert K. & Jensen, Jesse (2014) The unfinished revolution : what is missing from the E&P industry’s move to “big data”. Journal of Petroleum Technology, 66(5), pp. 20-22.

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Abstract

One cannot help but be impressed by the inroads that digital oilfield technologies have made into the exploration and production (E&P) industry in the past decade. Today’s production systems can be monitored by “smart” sensors that allow engineers to observe almost any aspect of performance in real time. Our understanding of how reservoirs are behaving has improved considerably since the dawn of this revolution, and the industry has been able to move away from point answers to more holistic “big picture” integrated solutions. Indeed, the industry has already reaped the rewards of many of these kinds of investments. Many billions of dollars of value have been delivered by this heightened awareness of what is going on within our assets and the world around them (Van Den Berg et al. 2010).

Impact and interest:

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ID Code: 72597
Item Type: Journal Article
Refereed: No
Keywords: E&P, Exploration & Production, Smart Sensors
ISSN: 1944-978X
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Business and Management not elsewhere classified (150399)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Deposited On: 05 Jun 2014 03:46
Last Modified: 05 Jun 2014 22:19

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