MetaCarta®, Inc., today announced a partnership with IHS Inc., to enhance MetaCarta’s Energy Geographic Data Module (GDM) to provide the most accurate and up-to-date information when searching for energy-related information specific to a location.
Specifically, geologists and other E&P analysts using MetaCarta Geographic Text Search (GTS) and GTS geOdrive solutions will now be able to search for information such as blocks, licenses, oil fields, wells and basins found in IHS databases using the just-released MetaCarta IHS Global Oil & Gas GDM.
IHS is a leading global provider of a broad range of aggregated, structured data used by the energy industry to study potential and existing oil and gas (O&G) reserves, as well as the transportation, contractual, competitive and other above-ground factors involved in bringing reserves to market. With the world’s most complete databases on wells, fields and other O&G entities, as well as geographic coordinates for these data types, IHS is an ideal partner to provide MetaCarta with a reference source to help guide smart-indexing of the vast amounts of unstructured data oil companies maintain and strive to fully leverage.
MetaCarta GDMs are knowledge bases used to identify and disambiguate geographic references, assign latitude and longitude coordinates. GDMs contain natural language processing (NLP) logic, which is used to recognize the jargons and data types that represent geographic entities, disambiguate names, and establish greater geoconfidence and georelevance.
“The partnership with IHS has allowed MetaCarta to develop an energy industry specific GDM utilizing the rich global knowledgebase of IHS,” said Ron Matros, president and CEO of MetaCarta. “Having the most accurate and comprehensive source of E&P information available with our search tools will allow our customers to more accurately pinpoint and collect location-specific information ,. Helping them get the information they need more quickly is critical to their business, particularly when they are making billion dollar decisions.”
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