More than 15 years of Collaboration
CDA is a wholly-owned subsidiary of Oil & Gas UK. The company was established by industry in 1995 with the aim of sharing the costs and importantly also the benefits associated with managing subsurface Exploration and Production data through collaborative working. CDA is funded independently of Oil & Gas UK from annual subscription income received from more than 55 operating companies. Other participating organisations include the OGA, academia and several service companies.
The Value of E&P Data
Information about the geology underlying the UKCS is absolutely critical to the understanding of the subsurface, in finding potential hydrocarbon accumulations, in modelling reservoirs and maximising recovery of oil and gas. The quality of almost all decisions taken by E&P companies depends directly upon the availability of sufficient and reliable well and seismic data. The volume of this information is in the order of petabytes and the cumulative acquisition cost amounts to billions of pounds.
A recent CDA study which involved more than 20 senior executives from oil companies in the UK found that 70% of the value generated by oil companies’ E&P activities relies on their understanding of the subsurface. The study then estimated that data and its effective management contributed more than one-third of this understanding.
Contributing Towards the Success of the UKCS
The effective management of subsurface data is crucial to the successful and efficient exploitation of the hydrocarbon resources on the UKCS. CDA makes a very significant contribution in this domain by protecting this valuable information and making it available to geoscientists for them to take informed decisions quickly and reliably.