E&P Standards

10-April-2015  

E&P Standards

Working around poor or moderate data quality can be devastating to productivity and operational expenses in oil & gas exploration and production which is a knowledge-intensive, high-risk and high-reward business where the resource owner or operators have to depend on several others for their success. Stating this in his opening remarks Dr. Avinash Chandra, former Director General, Directorate General of Hydrocarbons brought out the importance of data and information standards in E&P while chairing a guest lecture by Mr. Jay Hollingsworth, Chief Technology Officer at Energistics, Houston, USA organised by PetroFed at New Delhi on April 10, 2015.



Mr. Hollingsworth spoke on ‘Leveraging Upsteam Business Efficiencies Through Energistics E&P Standards Collaborative Development & Implementation Process’ in PetroFed’s series of Guest Lectures and Thought Leadership Programmes during his short visit to India. He has over twenty years of upstream O&G industry experience and is a recognized global authority on the design and deployment of upstream master data management solutions for petrotechnical and upstream GIS data.



Standards, Mr. Hollingsworth said, provide requirements, specifications, and guidelines that are used to ensure that processes, products and services are fit for purpose. Energistics, he elaborated, is a global, not-for-profit, membership consortium that serves as the facilitator, custodian and advocate for the development and adoption of technical open data exchange standards in the upstream oil and gas industry. Its membership consists of integrated, independent and national oil companies, oilfield service companies, software vendors, system integrators, regulatory agencies and the global standards user community.



The lecture ended with an intense Q&A session.



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