Energy

Energy firms face significant challenges integrating data from the disparate applications, databases and vendors they rely on and the heterogeneous formats they use. 

EDM’s Data Hub solution for the energy industry addresses these challenges by consuming, validating, cleansing, transforming and distributing data irrespective of source, format or destination. Replacing often complex, manual, code-based solutions, EDM provides a single data source and improved source-to-destination workflows, giving users confidence in data accuracy, recency and integrity.

Scale Up Smoothly and Efficiently

With its hub and spoke model, EDM supports business intelligence and data analytics tools, integration with new technologies, multiple data models, and quality assurance. By improving the flow of high-quality, trusted information between sources and consumers, the platform delivers data optimization and a simple pathway to expansion.

EDM can be implemented on premise, in the cloud or leveraged as a fully managed service deployed in the cloud. The latter option enables firms to reduce implementation times, future-proof, optimize expenditure and scale up and down quickly as business needs change.

Well and well-related data is at the core of E&P operations. However, keeping data consistent across multiple systems, users and partners is challenging. While established data models impose standards, they are usually fixed, which limits attribution and can lead to function-specific solutions, technical silos and a lack of data continuity.

The issue compounds as each department uses well data differently and performs transformations without reference to other systems. The result is poor quality assurance and increased risks of decision-making based on bad data.

EDM for Energy: Well Master breaks down silos with a corporate-wide master well definition that integrates with all data models and use cases and automatically synchronizes across systems.

A Single Source of Truth for Well-related Data

With a data-agnostic design, EDM’s Well Master solution allows firms to apply complex matching criteria across multiple sources to define a blended well master for all situations. This includes full and enriched attribution to create a single source of truth. Firms can leverage a range of industry standard data models, including PPDM 3.8 and 3.9.

With EDM’s dynamic data model, all use cases can be accommodated while maintaining the integrity of a master record. This keeps systems aligned and provides clear, cross-application integration. The platform monitors changes to source systems, flags quality issues, executes exception management processes and distributes the well master record to downstream users.

EDM can be implemented on premise, in the cloud or as a managed service leveraging industry-leading cloud technology and application management capabilities. The latter option enables you to reduce implementation time, future-proof your data management systems and outsource human resource-intensive tasks.

Enterprise Data Management’s (EDM) Rec&Sync solution delivers real-time monitoring, reconciliation and synchronization of oil and gas data across multiple applications and projects. It ensures all users have access to the master data set directly within their application of choice.

Petro-technical applications and the projects within them are often impacted by data duplication, caused by numerous users having access to, and edit rights for, the same data. This creates several challenges, such as making the latest data changes available to all users and ensuring decisions are based on the correct data set.

Firms spend a significant amount of time and resources manually managing data flows between interpretation, engineering and production applications. They often make extensive use of spreadsheets and proprietary tools to compare data between different data models, identify changed values and assess conformity to standards.

EDM’s Rec&Sync solution helps firms overcome these challenges by monitoring reference data values across applications and within projects, in real time. It identifies and catalogues variances, and enables automated reconciliation between different versions of the same data on both the application and project level. Master attribute values can be synchronized, ensuring all users have access to the master data set directly within their application of choice. All activities within EDM are fully auditable, providing complete insight into corporate data flows and past activity.

EDM can be implemented on premise, on the cloud or leveraged as a fully managed service deployed with our cloud partner, Amazon Web Services (AWS). The latter option enables firms to reduce implementation times, future-proof, cut costs and scale up and down quickly as business needs change.

The launch of the OSDU Data Platform is an important step in the upstream industry’s efforts to increase interoperability and achieve true digital transformation by eliminating data and technology silos.

EDM for Energy supports this initiative through workflow automation and data management platform.

Upstream organizations of all types and sizes, from majors and NOCs to independents, use EDM to democratize data that comes from disparate sources, translate it into a common form, apply data quality checks and create master records that can be used in all consuming systems and processes.

EDM synchronizes data updates across diverse applications at the project level, ensuring all users are working from the same data. E&P operators realize significant benefits by using EDM to catalogue and deduplicate logs, seismic and other data.

We also provide EDM workflows and APIs to align with the emerging requirements of the OSDU Technical Standards and support upstream companies as the OSDU Data Platform moves into implementation.

EDM’s flexible design and mature approach to data management offer significant benefits for those planning to adopt the OSDU Data Platform.