Big Data Analytics in Oil and Gas; Reservoir Characterization and Field Development
The medical, retail, and internet industries are well on their way to seeing the benefits of advanced analytics on the vast amounts of data they are generating. What will the benefits to the Oil and Gas industry be? Faster reservoir characterization? Better stimulation design? Field development improvement and reserve growth? This discussion will try to capture the benefit other industries have seen from big data analytics, explore examples of how it can expand common reservoir characterization and field development efforts, and propose a plan to get started.
AAPG Search and Discovery Article #90178©2013 AAPG Geosciences Technology Workshop, Baltimore, Maryland, July 16-17, 2013