CDA & ECIM Joint Workshop: Improving Industry Efficiency – Real Opportunities from Data and Analytics
Data management leaders gathered in Aberdeen on 10th February 2016 for the second joint ECIM / CDA workshop, investigating the role new data science and analytics techniques can play in increasing the profitability of the North Sea oil industry.
Steve Harrison of Scottish Enterprise got the workshop started with a thought-provoking and challenging overview of the value reaped in other industries from the creative application of data science and analytics, setting the scene for presentations from industry experts from Maersk Oil, EMC, Tessella, CGG, and Teradata on progress that has already been made towards reducing downtime, increasing productivity and improving decision-making in oil and gas.
Malcolm Fleming, Chief Executive of CDA, said: “Data science and analytics techniques have been shown in other industries to dramatically reduce costs and to increase work efficiency. Now, we must take these techniques and apply them in the North Sea, so that lifting costs and overheads may structurally be reduced and marginal fields returned to profitability, leading to a brighter future for oil and gas in the UK.”
CDA Annual Members’ Workshop: Energy Bill 2015/16 – Context and Consequences for Data Managers
CDA held its Annual Members’ Workshop on Monday 16th November 2015, on the subject of the Energy Bill 2015/16, and its consequences for data managers.
Representatives of CDA member companies and the Oil and Gas Authority spent an intense but rewarding day discussing the data management aspects of the bill, and identifying those actions that should be taken in 2016 to ensure its effective implementation.
Proceedings of the workshop are available to CDA members on request by email to firstname.lastname@example.org.
CDA & ECIM Joint Workshop: Data Management in a time of downturn – How to maximise value from Data Management
On 30th June 2015, data management leaders from UKCS operators, service providers, and consultancy organisations met at a workshop hosted jointly by CDA and ECIM to identify the role data management can play in increasing cost efficiency in the North Sea environment.
Mike Tholen, Oil & Gas UK’s economics director, provided delegates with insight into the current challenges the industry is facing and what the sector is doing to tackle its cost base and effectively improve efficiency. Speakers from Shell U.K Limited, Venture Information Management, New Digital Business, and Maersk North Sea each shared examples of how timely access to quality data, when effectively integrated into the oil and gas business value chain, yields step change improvements in cost efficiency.
Malcolm Fleming, Chief Executive of CDA, said: “Industry is doing all it can to ensure the sector is safe, competitive, and sustainable in a world of $60 oil, and collaborative data management plays a key role in increasing cost efficiency. Over the past 20 years, CDA estimates it has already saved its members over £250 million through providing a central resource for sharing, distributing and releasing sub-surface information. We must now look to extending this collaborative model to realise even greater cost savings across the full E&P lifecycle.”
Proceedings of the workshop are available for download.