NEWS FROM SPE INTELLIGENT ENERGY: Big data delivery is next challenge for digital oilfield
DUBAI, UAE -- Oil and gas industry professionals believe that implementing real-time “Big Data” analytics will be the next challenge facing the development of the digital oilfield, according to a poll conducted today at the SPE Intelligent Energy International 2013 exhibition in Dubai. 100% of participants saw “Big Data” as the next big challenge.
The poll was conducted by BP on the first day of IE2013, which is expected to attract more than 2,000 business leaders and senior engineering professionals from across the world.
At the event, under the theme empowered by real-time integrated data, BP is drawing on its experiences from its Field of the Future programme to review the progress of oilfield digitalisation to date and encourage debate on how the industry will develop going forward.
It is now more than 10 years since the Field of the Future concept was established by BP to improve decision-making through real-time data-to-decision capabilities in production, operations and reservoir management. Over that time, the Field of the Future flagship has developed expertise in a range of disciplines including advanced remote surveillance, the handling and analysis of real-time data, remote well operations and downhole and subsea sensors.
Steve Roberts, V.P. of the Field of the Future technology flagship, BP, said: “A key benefit of the Field of the Future programme has been the delivery of real-time information to assist in the making of better and faster decisions. The delivery of ‘Big Data’ in a real-time environment is a logical extension and it is encouraging that our peers in the digital oilfield arena are also considering this question.”