Bill Kuzmich, CSC’s Global Energy Sector Leader at CSC offers his advice for dealing with digital oil field data.
Intelligent oil fields are possible, says IBM’s David Womack, by taking advantage of a unified software framework and integrating operations.
SAIC’s Bart Stafford reveals how oil and gas companies are pursuing the digital oilfield concept, particularly in light of the challenging economic and commodity pricing environment of the past year.
Pressure on the global oil industry to find new sources of crude and imminent fear of “peak oil” is slightly lessened due to lower demand from the current global recession. However, the struggle of managing production declines in aging fields does not go away. In addition, for the first time in decades, pricing for crude oil has decoupled from natural gas making investment in gas fields even more difficult. Many companies are continuing to invest in developing new and old fields and reservoirs.
By IBM. As Oil and Gas companies continue to meet the demand growth in worldwide consumption, they focus on ways to increase supply. They continue to seek more cost-effective exploration and production while maintaining high health, safety and environmental standards.