The Management of Oil Industry Exploration & Production Data

Who are we? Purchase Options - B&W USA/World - B&W UK - B&W Germany - B&W France - Color USA/World - Color UK - Color Germany - Color France
1 Introduction 12 Physical data
2 Value of data 13 Documents
3 Subsurface data 14 Auditing
4 Current practice 15 Quality
5 DMBoK 16 Other elements
6 Governance 17 Assessing
7 Architecture 18 Glossary
8 Development 19 Figures
9 Operations 20 Bibliography
10 Security 21 Index
11 Corporate data 22 Further info
Upcoming events New articles Extra material Links
Sample chapter Figures Bibliography Extra material Historical Papers

2 The value of data to oil companies

Measuring the value that data, and data handling, deliver to oil companies is crucial. Obviously no investment in new projects or services will be made until the senior managers are convinced that it will improve the overall business results, but, delivering iron-clad proof of the business benefit is not a simple matter. This chapter explores three examples of different approaches that have been applied in the past to prove the connection from data handling to business value in different companies.

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Sample Chapter
The first part of chapter 2 is in the sample text download.  
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A color PDF file containing the figures from this chapter can be downloaded from here for private study  

New Material

Since the book was written we have identified a number of new items that help illuminate the material in Chapter 2:

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New Item 2.17
Data management should be considered a core competency for all oil companies
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New Item 2.16
Should oil companies be expanding or cost saving?
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New Item 2.15
Noah Consulting's 'Industry Insight: IM Benchmarking' event April 2013
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New Item 2.14
A paper from the Molten group about the value of good sub-surface data management
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New Item 2.13
A comparison of how different industries manage their data, from Oracle
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New Item 2.12
Detailed models often deliver the most accurate results
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New Item 2.11
Sometimes a strategic model delivers better results than a detailed one
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New Item 2.10
Why using decision trees has limited strategic application
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New Item 2.9
Using a time budget approach to showing value is of limited utility
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New Item 2.8
Five different models that have the potential to demonstrate data's value
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New Item 2.7
Changing scale means doing things differently
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New Item 2.6
Eggert, J., Tidemann, S. & Kozman, J. (2011) "Communicating the Value of Data Management to Non-Technical Stakeholders"
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New Item 2.5
How do you work out the value of a single process?
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New Item 2.4
The benefits of being just a little bit better than the next guy
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New Item 2.3
Short introduction to data, information and knowledge
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New Item 2.2
The lessons that a TV Gameshow teaches about risk
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New Item 2.1
Should you be telling other oil companies about your data handling successes?


In the book Chapter 2 contains references to the following related material:

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Book Ref 1
Common Data Access Limited & Schlumberger (2011) "The business value case for data management" available for download free from the web
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Book Ref 2
Haines, P. & Wiseman, M. (2011) "Quantitative Value of Data & Data Management" presented at PNEC 15
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Book Ref 3
Kozman, J.B. (2005) "Data on Demand: The Emerging Business Case" SPE93625 presented at 14th SPE Middle East Oil & Gas Show and Conference
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Book Ref 4
Kozman, J.B. (2008) "The Value of Data in Multiple Repositories" SPE118451 presented at SPE Gulf Coast Section Digital Energy Conference and Exhibition
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Book Ref 5
Smith, A.H. (2002) "The Economic Advantages of Managing Data, ONCE!" SPE78337 presented at the SPE European Petroleum Conference
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Book Ref 6
Porter, M. (1985) "Competitive Advantage"
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Book Ref 7
Dunn, M.D. (1992) "A Method To Estimate the Value of Well Log Information" SPE24672 presented at the SPE Annual Technical Conference and Exhibition
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Book Ref 8a
Shearer, D. & Garcia, D. (2006) "Burlington: Improving technology investment planning with metering" Presented at PNEC conference Houston
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Book Ref 8b
Shearer, D. & Garcia, D. (2006) "Burlington: Improving technology investment planning with metering" paper explaining the slides

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