The results of the first Unstructured Data Challenge 2016 set by Common Data Access (CDA) to identify opportunities for extracting further value from UK North Sea exploration data will be shared at an industry workshop on November 30 at the Village Hotel in Aberdeen.
CDA, a subsidiary of Oil & Gas UK and provider of data management services for seismic and well information to the sector, issued the challenge in March. Its aim is to show how modern data and analytical techniques can yield valuable insights to assist industry efforts to maximise economic recovery from the UK Continental Shelf.
Nine companies: Agile Data Decisions; AGR Software; Cray Inc.; Flare Solutions; Hampton Data Services; Independent Data Services; KADME; New Digital Business; and Schlumberger Software Integrated Solutions took up the challenge. CDA gave the companies bulk access to more than 50 years of released data stored in its UKOilandGasData repository allowing them the opportunity to demonstrate how applying modern data science and data analytics techniques to sub-surface data sets could add value to current understanding of the subsurface.
At the workshop in Aberdeen, the participating companies will show how modern data science could help the industry handle high volumes of vintage and current drilling data. The new techniques have the potential to help deliver offshore well planning at lower cost, reduce geological uncertainty and pinpoint prospective areas for exploration with greater accuracy.
Malcolm Fleming, Chief Executive of CDA said: “The documents and data CDA holds on behalf of its members describe over 50 years of UKCS exploration and development activity. 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. 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.”
For more information, please contact Lucy Gordon at firstname.lastname@example.org or 01224 577331.
Note to Editors:
CDA (Common Data Access Limited) is a not-for-profit subsidiary of Oil & Gas UK, set up in 1995 to provide data management services to its members and to the UK oil industry.
The CDA web portal is at www.UKOilandGasData.com.
Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its members are companies licensed by the Government to explore for, and produce, oil and gas in UK waters and those in the industry’s supply chain.
You are invited to attend the presentation of the results of the Unstructured Data Challenge at the Village Hotel, Aberdeen on November 30. To book your place, contact Sakthi Norton at email@example.com
More information regarding the workshop may be obtained from the following website:
Pre-event interviews with Malcolm Fleming, Chief Executive of CDA, can be arranged through Leila Coleman (firstname.lastname@example.org), with additional interviews with participants available on request