Business Strategy: Beyond Web 2.0 - Semantic Technology in the Oil and Gas Industry

This Energy Insights report reviews the potential and use of Semantic Web technologies in the oil and gas industry. With the advent of the digital oilfield, information technology continues to be an important partner in meeting the business challenge of hydrocarbon extraction. The oil and gas industry is knowledge intensive, and Semantic Web technology has the ability to more efficiently operate in the enterprise. Energy Insights examined pilots of semantic technologies at oil and gas companies, as well as interviewed different vendors about the application of technology in the industry.

Catherine Madden, senior research analyst, Energy Upstream Strategies at Energy Insights, believes, "Given the business challenges facing the oil and gas industry, there is a role for Semantic Web as a technology that supports a common framework for data to be shared and reused across applications, enterprise, and community boundaries."