AGR Software division - which has been at the forefront of real-time, real-data software development for the last decade - was one of nine companies given bulk access to released data stored in CDA’s UKOilandGasData repository.
This was to enable them to demonstrate and validate their data science capabilities.
The Unstructured Data Challenge was launched earlier this year with the aim of proving that modern data and information analytics tools can offer valuable insights in the search for hydrocarbons.
AGR and the other participating companies – Agile Data Decisions, Cray Inc., Flare Solutions, Hampton Data Services, Independent Data Services, Kadme, New Digital Business, and Schlumberger Software Integrated Solutions – will reveal their full findings in detail at a workshop on Wednesday November 30 at the Village Hotel in Aberdeen.
Delegates at the workshop will learn more about the value of data science in the subsurface and have opportunity to share their thoughts on how this could be maximised going forward.
Petter Mathisen, AGR’s vice president of software solutions (pictured), said: “In the current climate there’s a clear need for companies to improve operational efficiencies across the board. The Unstructured Data Challenge has highlighted that modern data and analytical techniques – such as those created and delivered by AGR – play an essential role in offering valuable insight in the search for hydrocarbons.
“Our findings show we are able to extract sections from the unstructured data which could be used to create context and clarity by combining it with the structured data. Even though it is possible to detect anomalies in the structured data, the unstructured data hold the key to finding ways to mitigate the risk or maximize opportunities, and separate noise from information.
“By challenging us to define uses for unstructured data, CDA has allowed us to think more creatively about what value we can extract and create by combining data in new ways. It is inspiring to see that a noted organisation like CDA is working together with the industry to create opportunities and challenge the way we work.
“We are proud to have been one of only a few companies chosen to take part in the challenge and hope that lessons can be learned from the results which allow us to work in more efficient ways going forward.”
More information about the workshop can be obtained here: http://oilandgasuk.co.uk/modern-data-science-unlocks-over-50-years-of-ukcs-data/