Increase the Business Value of Your Oil & Gas Data Management
Few, if any, other industries are looking at the explosive growth possibilities that have aligned for Oil & Gas. These coveted opportunities place demands that stress many parts of every organization – none more than Records Management.
You deal with new and strengthening regulations from the Federal Energy Regulatory Commission (FERC), US DOT Pipeline and Hazardous Materials Safety Administration (PHMSA), Occupational Safety & Health Administration (OSHA) and the Environmental Protection Agency (EPA) that drive increasingly complex pipeline integrity compliance submissions at multiple government levels. And pipeline integrity incidents can subject your brand to increased consumer environmental sensitivity and media scrutiny.
In your Exploration and Production (E&P) business, new drilling technologies enable your geologists and geoscientists to re-explore well and land assets, previously thought to have little value, and produce new revenue or monetize them through sale or lease. These decisions are expensive and complex, and they’re data driven. Misjudgments and mistakes are costly or even calamitous. You must minimize the uncertainty and risk. You can’t re-explore your assets if you don’t know what subsurface data you have, or the ability to access it quickly. Much of this older data is poorly indexed, is located in many different locations and remains in paper or on old, deteriorating tapes. Significant amounts of this valuable data is not yet included in the electronic databases and repositories your geoscientist use to make these important decisions. Much of it can’t be easily accessed and it’s not adequately protected.