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Big Data in Oil & Gas - Thematic Research

Big Data in Oil & Gas - Thematic Research

Summary

Big Data has been described in the past as sharing similarities with unrefined crude oil, as it possesses raw wealth but requires refining to really unlock its immense value.

Given the nature of the industry itself, vast amounts of raw data have been captured throughout the extraction and production processes, so it is just a matter of manipulating these assets in an intelligent way. Without actually using this data while carrying out exploration duties, personnel performance visibility, increased detection of oil reservoirs, accurate 3D models of deep-sea structures, and machine and equipment health are just a few benefits that have already been begun to take shape.

Wells below the surface can be modeled with high accuracy with all the geological data that has been collected, illustrating the behaviors being displayed such as pressure and flow rates, and temperatures. This data needs to be manipulated in quicker and more intelligent ways.

Low oil prices and external forces such as electric vehicles happen to be speeding up the need to implement new advancing technologies for the oil and gas industry. Without generating more revenue from production, this leaves little room to make profitable gains, so companies must look elsewhere, and that is by making the product with less by increasing operational efficiency and making production more cost-effective.Many O&G assets could gain huge benefits from optimization through data use. For example, the performance of drilling techniques and practices can be monitored and automatically enhanced with an AI system being fed captured real-time data from the sensors. The supply-chain manager for an onshore facility will receive instantaneous notifications when their deliveries of much-needed parts arrive. Logistical teams can make better, quicker decisions using high-quality and highly accurate data when informing offshore plants of the estimated time of arrival for the replacement drill components.With increasing volumes of captured data, many industry operators are seizing the opportunity and investing widely in numerous data-driven solutions, primarily with the aim of processing and refining unstructured and structured data, while removing the barriers between different silos that store this information.

Scope

This report is part of our ecosystem of thematic investment research reports, supported by our “thematic engine”. About our Thematic Research Ecosystem -

  • GlobalData has developed a unique thematic methodology for valuing technology, media and telecom companies based on their relative strength in the big investment themes that are impacting their industry. Whilst most investment research is underpinned by backwards looking company valuation models, GlobalData’s thematic methodology identifies which companies are best placed to succeed in a future filled with multiple disruptive threats. To do this, GlobalData tracks the performance of the top 600 technology, media and telecom stocks against the 50 most important themes driving their earnings, generating 30,000 thematic scores. The algorithms in GlobalData’s “thematic engine” help to clearly identify the winners and losers within the TMT sector. Our 600 TMT stocks are categorised into 18 sectors. Each sector scorecard has a thematic screen, a risk screen and a valuation screen. Our thematic research ecosystem has a three-tiered reporting structure: single theme, multi-theme and sector scorecard. This report is a Multi-Theme report, covering all stocks, all sectors and all themes, giving readers a strong sense of how everything fits together and how conflicting themes might interact with one another.
Reasons to buy
  • Our thematic investment research product, supported by our thematic engine, is aimed at senior (C-Suite) executives in the corporate world as well as institutional investors.
  • Corporations: Helps CEOs in all industries understand the disruptive threats to their competitive landscape
  • Investors: Helps fund managers focus their time on the most interesting investment opportunities in global TMT.
  • Our unique differentiator, compared to all our rival thematic research houses, is that our thematic engine has a proven track record of predicting winners and losers.


PLAYERS
TRENDS
Data trends
Industry growth trends
Hardware trends
Software trends
Big Data trends in oil & gas
VALUE CHAIN
Software
INDUSTRY ANALYSIS
Mergers and acquisitions
Timeline
THE IMPACT OF BIG DATA ON OIL & GAS
Oil & gas case studies
Key recommendations for IT vendors
COMPANIES SECTION
Public Companies
Private companies
Oil & gas companies
TECHNOLOGY BRIEFING
GLOSSARY
APPENDIX: OUR “THEMATIC” RESEARCH METHODOLOGY

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