Digitalization increases business value of E&P data

June 13, 2018

CGG’s digital transformation program brings new services and products to oil and gas industry

There is a lot of buzz around “Digitalization”. It’s trending on social media and in countless business journals around the globe. To different people it means a variety of different things from Big Data to the Cloud and the Internet of Things. So what is it and what does it mean for geosciences in the oil and gas industry?

There are numerous definitions around the idea of “the creation of new business insight and business value using data”. However, this is what the upstream industry has been doing for decades: acquiring, processing, analyzing and interpreting data to deliver business value. Although much of the data in the oil & gas industry is already digital, it is likely that a large proportion of that data is still somewhat isolated and inaccessible and underused for decision-making. So, for our industry, perhaps the real challenge and opportunity will be “the creation of new business insight and business value using most, or all, of the data.”

Digitalization will see companies transform more of their data into accessible digital databases/lakes which will enable the application of data science on large and diverse data sets. Here “data science” covers disciplines such as Big Data analytics and machine learning which are proving so popular in other industries.

CGG is well aware of the challenges of digitalization. As an integrated geoscience company it has a large library of geophysical and geological data, which it recognized could generate greater value if it was fully digital and accessible. In addition, it has a full range of commercial software which could take advantage of the new technologies and trends.

 Digitalization
Machine learning applications for reservoir characterization: From left to right, the low-frequency inversion starting model, predicted density from inversion using HampsonRussell Strata, and the predicted density from HampsonRussell Emerge using Deep Feedforward Neural Network analysis (image courtesy of CGG GeoSoftware).
 Download the full size image

 

As a consequence, it embarked on a digitalization program in 2014. At that time, considering how to progress presented a conceptual, organizational, technical and commercial challenge, and a learning opportunity and experience that was shared by many companies in our industry. Some of the projects addressed the absolute fundamentals of being digitalization-ready, such as having an IT platform which could support Big Data and a common database format which could support a diverse geoscience data lake. Other projects focused on how to deliver the promised business value by developing and implementing new data mining, artificial intelligence and visualization techniques.

At this year’s EAGE conference CGG will be showcasing early results from its digitalization program in the form of new services and products that it can offer the industry today.

Smart Data Solutions are at the heart of CGG’s digital transformation efforts and commercial services, from media conversion to data remediation and integration using machine learning automation to build consistent geoscience databases that are ready for data science.

The Robertson New Ventures Suite is the first commercial result from CGG’s GeoVerse™ digital transformation program for geoscience data. Built from the rich and extensive Robertson geologic multi-client library, this family of geoscience tools and databases share a universal data architecture and taxonomy to provide integrated workflows that enhance new ventures and exploration activity. Daily booth theater presentations featuring exploration case studies will demonstrate how the suite can be used to de-risk exploration.

CGG GeoSoftware is also taking advantage of new digital opportunities presented to our industry, and have enabled their products to run in the cloud and are progressing the benefit of flexibility and compute power scalability that it offers. In addition, the latest release of PowerLog™ enables users to solve complex petrophysical and reservoir engineering challenges by accessing external machine learning and deep learning Python programs, opening up vast possibilities for leveraging open source technology and solutions, and designing bespoke workflows. The first commercial Neural Network-based approach for reservoir characterization was released over 20 years ago in HampsonRussell’s Emerge geostatistical attribute prediction module.  Innovation continues in the HampsonRussell software with planned release of advanced Deep Feed Forward Neural Network technology, and native Python extensions in 2018.

See CGG’s booth theater talks on Machine Learning for Facies Classification and the Appeal of Cloud Computing to learn more.

To get the full picture, visit CGG booth #1640 on Wednesday at 3.30pm to see a special digitalization session on its theater which covers all of these topics and then stay for a Happy Hour discussion with the presenters.

https://www.cgg.com

https://www.ogdaily.com/

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Date: Nov 6, 2018 Location: Oklahoma City, OK, US, 73118 Our core values — integrity and trust, respect, transparency and open communication, commercial focus and change leadership — are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation
Title: Principal Product Manager Geoscience Product Portfolio Summary: As Product Owner you will responsible for guiding the day to day operations for various products in the Geoscience product portfolio.This position is responsible for driving profitable revenue growth of product(s) through extensive understanding of market needs and requirements to solve customer problems.  In doing so, this position interfaces with software development, existing and potential
GE Oil & Gas Experienced Posted 11/5/2018 4:54:24 AM 3201433 Job Function: Manufacturing Business Segment: Oil & Gas Measurement & Controls Location(s): Singapore; Singapore Role Summary:Support Manufacturing & testing operations of Cabinets for Bently & Controls using appropriate support documentation, schematics, Manufacturing Process Instructions (MPIs), specifications, customer special instructions, Bills of Material (BOMs), DARRT system, in support of the Production
GE Oil & Gas Experienced Posted 11/5/2018 8:53:45 AM 3170726 Job Function: Digital Technology Business Segment: Oil & Gas Turbomachinery Process Solutions Location(s): India; Hyderabad Role Summary:Responsible for designing, developing and testing software to create industrial automation products and services tailored to the needs of the GE businesses and external customers. Requires mastery of a body of theoretical knowledge. Requires
GE Oil & Gas Experienced Posted 11/5/2018 9:56:25 AM 3181355 Job Function: Engineering/Technology Business Segment: Oil & Gas Oilfield Equipment Location(s): Norway; Stord Role Summary:In this role you will utilize your experience or expertise to solve problems, develop and execute objectives for self and others, and have the ability to effect short-term and some long-term business goals. Essential Responsibilities: Execute
GE Oil & Gas Experienced Posted 11/5/2018 10:56:35 AM 3181358 Job Function: Engineering/Technology Business Segment: Oil & Gas Oilfield Equipment Location(s): Norway; Stord Role Summary:Responsible for designing, developing and testing software to create industrial automation products and services tailored to the needs of the BHGE businesses and external customers. Requires mastery of a body of theoretical knowledge. Requires developed and
GE Oil & Gas Experienced Posted 11/5/2018 11:58:37 AM 3172213 Job Function: Digital Technology Business Segment: Oil & Gas Headquarters Location(s): India; Bengaluru Role Summary:The candidate will join the BHGE IT organization as Project Manager and subject matter expert.He/She will lead initiatives, drive solutions in Oracle ERP Projects area and be responsible for:- simplification initiatives for all product companies in
GE Oil & Gas Experienced Posted 11/5/2018 11:58:58 AM 3201296 Job Function: Marketing Business Segment: Oil & Gas Headquarters Location(s): United States; Texas; Houston, other Role Summary:The Senior Marketing Manager heads the marketing & strategy function for the Surface Pressure Control and (SPCO) business globally. This is a key segment in OFE. As a member of the OFE marketing team,
GE Oil & Gas Experienced Posted 11/5/2018 3:56:01 PM 3148726 Job Function: Digital Technology Business Segment: Oil & Gas Digital Location(s): United States; Louisiana; New Orleans Role Summary:As a Director of a software engineering group, you will apply your knowledge of management, software development methodologies, best practices, and proven processes to deliver a quality software product on budget, within planned
GE Oil & Gas Experienced Posted 11/5/2018 3:56:01 PM 3148726 Job Function: Digital Technology Business Segment: Oil & Gas Digital Location(s): United States; Louisiana; New Orleans Role Summary:As a Director of a software engineering group, you will apply your knowledge of management, software development methodologies, best practices, and proven processes to deliver a quality software product on budget, within planned
GE Oil & Gas Experienced Posted 11/5/2018 6:55:14 PM 3202068 Job Function: Manufacturing Business Segment: Oil & Gas Measurement & Controls Location(s): United States; Ohio; Twinsburg Role Summary:The Electrical Manufacturing Engineer will develop and implement new and improved methods for manufacturing, assembly, and testing of harsh environment sensors used in oil and gas exploration, radiation monitoring, nuclear reactors, and gas
Location(s): United States; Texas; Pasadena, Houston Role Summary:The SSA Manager will own a portfolio of long term service agreements for the Measurement Solutions product line, developing practical and innovative ways to ensure regulatory compliance while meeting overarching business goals. You will be required to utilize your technical expertise to lead and support field operations at various customer sites enabling short-term
GE Oil & Gas Experienced Posted 11/5/2018 11:58:47 AM 3194043 Job Function: Services Business Segment: Oil & Gas Measurement & Controls Location(s): United States; Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico,
GE Oil & Gas Experienced Posted 11/5/2018 1:00:51 PM 3200756 Job Function: Services Business Segment: Oil & Gas Measurement & Controls Location(s): Canada; Alberta; Calgary Role Summary:The Senior Staff Program Manager – Meridium Services role will manage multiple complex customer projects within the scope of the program to ensure delivery within time, budget and contractual requirements. In this role, you’re
GE Oil & Gas Experienced Posted 11/5/2018 6:55:32 PM 3202727 Job Function: Digital Technology Business Segment: Oil & Gas Headquarters Location(s): United States; Texas; Houston Role Summary:We’re seeking a full-time, Sr Software Engineer – Dupral to join our Digital Technology Team at Baker Hughes, a GE Company. This position will be responsible for administering and developing our enterprise level websites
Date: Nov 5, 2018 Location: Houston, Texas, US ABOUT HESS CORPORATION Hess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas. We have an industry leading position in the Bakken in North Dakota – a key U.S. shale play. Hess is also one of the largest producers in the deepwater
Date: 05-Nov-2018 Location: Augsburg, DE Company: Lloyds Register Job ID:16262 Location:Hamburg : Am Sandtorkai 41 (LR_L000062) Position Category:Surveyor Department:DE205250 : HAM-NORTH MARINE (DE205250) Position Type:Employee Regular EducationRequired:See Job Description Experience Required:See Job Description Relocation Provided: (Senior) Surveyor Engines & Machinery Components (Augsburg – Germany) Are you a mechanical engineer with a passion for (ship) engines and marine & offshore engine components?
Date: 04-Nov-2018 Location: Aberdeen, GB Company: Lloyds Register Job ID:21830 Location:Aberdeen : Kingswells Causeway (LR_L000092) Position Category:Design Appraisal Department:GB110021 : Compliance Design Appraisal (GB110021) Position Type:Employee Regular Education Required:See Job Description Experience Required:See Job Description Relocation Provided: Location: Flexible (preferred locations Aberdeen or Southampton) You will: Reporting to the Geotechnical Team Leader, the key responsibilities are as follows: Undertake design
Date: Nov 3, 2018 Location: Oklahoma City, OK, US, 73118 Our core values — integrity and trust, respect, transparency and open communication, commercial focus and change leadership — are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation
Date: Nov 3, 2018 Location: Minot, North Dakota, US ABOUT HESS CORPORATION Hess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas. We have an industry leading position in the Bakken in North Dakota. Hess is also one of the largest producers in the deepwater Gulf of Mexico and a
Full-time Company Description CGG is a recognized leader in subsurface imaging and our international teams are dedicated to solving our clients’ complex challenges. Come and join us to help build the most stunning images of the Earth’s subsurface, using our massive computers capability. Thanks to our talented people and in-house technology, CGG is unique in the geoscience sector. Job Description
Full-time Company Description In all environments, we acquire process and interpret surveys that provide our clients with a comprehensive understanding of their subsurface targets and geological settings. We deliver our unique expertise in geoscience technology and project management through our three complementary business activities: Equipment, Acquisition and GGR (Geology, Geophysics & Reservoir). CGG is a recognized leader in subsurface imaging

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