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The oil and gas industry’s data problem

If the oil and gas industry wants to get a handle on the massive amount of data it produces globally, it is going to need Silicon Valley, according to James Dupree, the chief operating officer of resource development and technology at BP.

Fuelfix reports that Dupree emphasized the connection during his opening talk at the 2015 Offshore Technology Conference (OTC) in Houston. “We’re going to have to be a lot more collaborative,” he noted. Dupree believes that finding a better way to manage the data, especially as technology continues to advance, will be essential to integrating that data into future operations. “There’s a massive amount of high-quality information and technology out there that’s going to be very difficult but worthwhile to pull into our industry,” he said.

BP has made major investments to keep its supercomputing facility on the forefront of technological advancements. Fuelfix reports:

Dupree said BP’s supercomputing facility in Houston can calculate the permeability of a rock-core structure with just chips of rocks, not core samples. That information can tell BP what kinds of materials it needs to buy for subsea equipment in that region. Data like that is increasing dramatically.

As a whole, the flood of data is becoming more than people are equipped to handle. “We’ve seen a new rig design where the driller has 11 screens in front of him,” Dupree said. That many screens with their own sets of information is unmanageable, so it is imperative that the industry find a better way to organize and deliver data.

OTC kicked off today in Houston’s NRG Park and has scheduled events through Friday May 8. The conference “offers key insights by global experts on technological advances, safety and environmentally focused solutions, and economic and regulatory impacts,” according to its website.

In related news, Diamond Offshore scraps rigs as demand weakens.

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