CDA Challenge Sees Companies Mine 50 Years of N. Sea Exploration Data

Over 50 years of North Sea exploration data has been mined as part of a challenge set by Common Data Access, a subsidiary of Oil & Gas UK established to facilitate the sharing of well and seismic data by the oil and gas industry.

The challenge was launched with the aim of demonstrating that modern data and analytical techniques can yield valuable insights in the search for hydrocarbons.

Nine companies - comprising Agile Data Decisions, AGR Software, Cray Inc., Flare Solutions, Hampton Data Services, Independent Data Services, KADME, New Digital Business, and Schlumberger Software Integrated Solutions - were given bulk access to released data stored in CDA’s UKOil&GasData repository, to enable them to demonstrate and validate their data science capabilities.

Using the data, the companies were able to show how offshore wells could be planned at a lower cost and how drilling risk could be reduced, highlight how prospective areas could be identified for exploration more cost-effectively and investigate the challenges of handling high volumes of vintage and current drilling data.

The companies’ approach to extracting greater value from the extensive data resource could significantly advance the industry’s understanding of how data science, when supported by effective data management, can contribute to maximizing recovery of hydrocarbons from the UKCS, said Oil & Gas UK.

“Through the application of current data science and machine learning techniques that the participants in the data challenge put forward, this archive becomes an invaluable resource for exploring in a low cost, resource constrained world,” Malcolm Fleming, chief executive of CDA, said.

“Data science enables better, faster decision making, and initiatives like the data challenge can help our industry to go after the estimated up to 20 billion barrels of oil and gas on the UKCS,” he added.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  OMV Petrom, Hunt Oil Start Experimenta... (Dec 9)
 -  Waitsia JV Approves 2017 Development A... (Dec 9)
 -  SapuraKencana: Short-Term Industry Out... (Dec 8)
 -  Oil Flows From Otakikpo Marginal Field... (Dec 8)
 -  Plexus: More Cuts Expected (Dec 8)


Most Popular Articles

From the Career Center
Jobs that may interest you
Mechanical Engineer- Contingency Repair Facilitator
Expertise: Maintenance Engineer|Mechanical Engineering
Location: Anchorage, AK
 
Contingency Repair Facilitator
Expertise: Inventory Control|Materials Management |Mechanical Engineering
Location: Anchorage, AK
 
Account Manager - Nevada - Specialty Chemicals - Tissue Mills
Expertise: Sales
Location: Nevada, NV
 
search for more jobs

Brent Crude Oil : $53.89/BBL 1.67%
Light Crude Oil : $50.84/BBL 2.14%
Natural Gas : $3.7/MMBtu 2.77%
Updated in last 24 hours