Ziebel AS announced what it believes to be the largest-ever collection and transfer of data in the oil and gas industry. The collection, carried out on behalf of major operator on wells in the North Sea, was completed over an eight-month period. The volume of data gathered was 1,708 terabytes.
Complex Industry Requires Complicated Data Collection and Storage
The worldwide hunger for energy has put enormous pressure on the oil and gas industry to search out new fields and to extract every last resource from existing ones. This pressure is exacerbated by rapid changes in the technology of extraction, changing market forces and an ever-tighter regulatory regime. The shifting sands of the industry mean that firms must collect more data than ever before in order to make informed, responsible production decisions.
Meanwhile, advances in investigation and collection methods mean that the volume of oilfield data is expanding at a phenomenal rate. Industry experts believe that the sheer amount of data collected is growing by a factor of five every year.