Learn new efficiencies that big data analytics can bring to oil and gas exploration and production.
With Harness Oil and Gas Big Data with Analytics, expert author Keith Holdaway offers the most comprehensive view of big data and analytics techniques as they are applied to the oil and gas industry. This resource serves as a hands-on guide for fully leveraging data, statistical, and quantitative analysis, exploratory and predictive modeling, and fact-based management to drive decision making in oil and gas operations.
Holdaway explores the three major issues that face the oil and gas industry during the exploration and production stages: 1) Data management, including storing massive quantities of data in a manner conducive to analysis and effectively retrieving, backing up, and purging data. 2) Quantification of uncertainty, including a look at the statistical and data analytics methods for making predictions and determining the certainty of those predictions. 3) Risk assessment, including predictive analysis of the likelihood that known risks are realized and how to properly assess and prepare for unknown risks.
Complete with a compendium of specific case studies, this groundbreaking work reveals how to model big data to realize efficiencies and business benefits in the oil and gas exploration and production phases like never before.