{"id":7576,"date":"2016-08-02T09:24:25","date_gmt":"2016-08-02T09:24:25","guid":{"rendered":"http:\/\/www.esds.co.in\/blog\/?p=7576"},"modified":"2018-05-09T09:26:19","modified_gmt":"2018-05-09T09:26:19","slug":"big-value-big-data-oil-gas-industry","status":"publish","type":"post","link":"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/","title":{"rendered":"Big value for Big Data in Oil and Gas Industry!"},"content":{"rendered":"<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Big_value_for_Big_Data\"><\/span>Big value for Big Data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2016\/08\/oil-gas-industry.png\" width=\"674\" height=\"385\" \/><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Big_value_for_Big_Data\" >Big value for Big Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#There_are_several_areas_where_big_data_can_be_used_to_benefit_oil_exploration\" >There are several areas where big data can be used to benefit oil exploration.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Oil_exploration_and_discovery\" >Oil exploration and discovery:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#New_oil_fields_identification\" >New oil fields identification:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Oil_production\" >Oil production:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Equipment_maintenance\" >Equipment maintenance:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#_Safety\" >\u00a0Safety:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Safety_and_environment\" >Safety and environment:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#_New_trends_with_big_data_in_oil_and_gas_industry\" >\u00a0New trends with big data in oil and gas industry:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Drone_Technology\" >Drone Technology:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Adoption_of_use_friendly_predictive_modeling\" >Adoption of use friendly predictive modeling:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Increase_in_demand_for_advanced_analytics\" >Increase in demand for advanced analytics:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Emerging_cloud_computing_technology\" >Emerging cloud computing technology:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/#Some_of_the_examples\" >Some of the examples:<\/a><\/li><\/ul><\/nav><\/div>\n\n<p style=\"text-align: justify;\"><strong>Big data is emerging technology in oil and gas industry. In oil and gas industry, drilling, exploration, maintenance, production all these activities produces very vast amount of data. Until recently it has been too vast to process efficiently. Also these industries are facing major challenges, the costs of extraction are rising and the turbulent state of international politics adds to the difficulties of exploration and drilling for new reserves.<\/strong><\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2016\/08\/oil-and-gas-big-data-analytics-data-visualization-3-638.jpg\" width=\"638\" height=\"479\" \/><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"There_are_several_areas_where_big_data_can_be_used_to_benefit_oil_exploration\"><\/span>There are several areas where big data can be used to benefit oil exploration.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Oil_exploration_and_discovery\"><\/span><strong>Oil exploration and discovery:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Seismic waves monitors large amount of data during oil and gas exploration which can be used for discovering new oil deposits. In addition, weather, soil, and equipment data can be analyzed to predict the success of drilling operations and make intelligent decisions about drilling sites. This can have a direct impact on cost and revenue.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"New_oil_fields_identification\"><\/span><strong>New oil fields identification:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Oil field managers need to analyze well data, seismic data, industry news and potentially social media to evaluate potential oil fields.\u00a0They can also utilize that information to identify optimum oil drilling locations. The big data platform can be used to analyze geospatial data and other oil and gas reports to bid on new oil prospects.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Oil_production\"><\/span><strong>Oil production:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Analyzing seismic, drilling and production data is important in order to enhance oil recovery from existing wells. This data can help production engineers figure out when to make changes in the oil reservoir after some time, and when to make changes in their oil lifting methods.\u00a0Cloud computing and big data techniques can be further be used to forecast oil production at wells.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Equipment_maintenance\"><\/span><strong>Equipment maintenance:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">In order to identify potential drilling errors or equipment failures, sensor data from equipment and geological data can be analyzed to predict equipment failure and understand what equipment works best in which environment.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"_Safety\"><\/span><strong>\u00a0Safety:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Oil and gas companies need to identify events or patterns that could indicate security threat or cyber- terrorist act in order to keep their personnel, property and equipment safe. Predictive analytics is a main part of identifying patterns that can help detect these threats in advance. The big data platform can help in identifying threats in real time through machine learning and anomaly detection technique.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Safety_and_environment\"><\/span><strong>Safety and environment: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">By using big data from various sources anomalies in drilling can be identified in real time. So problems can be solved before they become very serious and drills can be shut down proactively before any environmental hazards. The big data can be used to increase environmental health and safety of oil rigs and drills through identification of patterns and outliers before any catastrophic incidents take place.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"_New_trends_with_big_data_in_oil_and_gas_industry\"><\/span><strong>\u00a0<\/strong><strong>New trends with big data in oil and gas industry:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The oil and gas industry is facing a new productivity transformation, where digital technologies help companies discover new ways to drive increased efficiency.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Drone_Technology\"><\/span><strong>Drone Technology:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Drone technology is already improving safety in the oil and gas industry by removing the need for workers to operate in high-risk environments.\u00a0 Some of the ways where drones are capturing new sources of data is pipeline surveillance, post hurricane analysis, flare stake inspection.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Adoption_of_use_friendly_predictive_modeling\"><\/span><strong>Adoption of use friendly predictive modeling:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">There has been an aggressive introduction of user-friendly predictive modeling tools, which are offered either independently or as embedded features of big data solutions for the oil and gas sector.\u00a0This will help in to accelerate decision making.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Increase_in_demand_for_advanced_analytics\"><\/span><strong>Increase in demand for advanced analytics: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Planning and forecasting of production data, data generated from well and set of data produced during seismic acquisitions are examples of advanced analytics. So basically advanced analytics helps in enhancing exploration and drilling efforts.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Emerging_cloud_computing_technology\"><\/span><strong>Emerging cloud computing technology:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Emerging <strong><a href=\"https:\/\/www.esds.co.in\/blog\/importance-of-cloud-computing\/\">cloud computing technology<\/a> <\/strong>has enabled oil and gas organizations to increase their efficiency and reduce their cost of deploying the big data solution. So organizations are investing in cloud computing to store the data of their application, infrastructure automation and collaboration.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Some_of_the_examples\"><\/span><strong>Some of the examples:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Royal Dutch Shell is one of the largest oil and gas companies which also include BP, Chevron, Total and ExxonMobil \u2013 and the world\u2019s fourth largest company by revenue. For some time now it has been developing the idea of the \u201cdata-driven oilfield\u201d with the help of cloud computing and Big data, in an attempt to bring down the cost of drilling for oil.<\/p>\n<p style=\"text-align: justify;\">Shell uses fiber optic cables, created in a special partnership with Hewlett-Packard, for these sensors, and data is transferred to its private servers, maintained by one of the largest <a href=\"https:\/\/www.esds.co.in\/enlight-cloud-hosting\"><strong>cloud provider.<\/strong><\/a><\/p>\n<p style=\"text-align: justify;\"><strong>So finally we can say that by applying Big data and applying advanced computer analysis to ever growing amount of digital information that we can collect and store from oil and gas industry can grow faster.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big value for Big Data Big data is emerging technology in oil and gas industry. In oil and gas industry, drilling, exploration, maintenance, production all these activities produces very vast amount of data. Until recently it has been too vast to process efficiently. Also these industries are facing major challenges, the costs of extraction are&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/www.esds.co.in\/blog\/big-value-big-data-oil-gas-industry\/\" class=\"gdlr-button small excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":81,"featured_media":7578,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[744],"tags":[1345],"class_list":["post-7576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-big-data","tag-cloud-computing"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/7576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/users\/81"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/comments?post=7576"}],"version-history":[{"count":5,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/7576\/revisions"}],"predecessor-version":[{"id":8785,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/7576\/revisions\/8785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media\/7578"}],"wp:attachment":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media?parent=7576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/categories?post=7576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/tags?post=7576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}