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/

Latest E&P Jobs

Position Summary: The Operations Geophysicist has advanced level knowledge of the principles of seismic acquisition and quality control including seismic data, source, navigation and positioning, data quality and assurance and seismic data recording systems (OB nodes, navigation and positioning, and seismic sources). Vision, creative problem-solving, leveraging technology, exceptional customer service, ambition, and drive are strongly encouraged in this role and
Analyzer Engineer Location:   Singapore, 01, SG Company:  ExxonMobil Job Role Summary Responsibilities: • Provide engineering expertise support to the Singapore Manufacturing Complex (SCP and Refinery) for safe and reliable operations. The work includes engineering assessment, engineering design, trouble-shooting and root cause failure analysis and long-term equipment improvement initiatives. • Provide engineering expertise support for projects • Provide support for maintenance work • Serve as key
Date: Feb 18, 2019 Location: Centerville, IA, US, 52544 Company: Dover Corporation Hillphoenix is a leading manufacturer of Display Cases, Specialty Products, Refrigeration Systems, Power Systems and Comprehensive Services. The story of Hillphoenix is built on creativity and customer-centric innovation delivered by people invigorated by a strong sense of responsibility to help our customers win in their marketplaces. The relationships we build with
Job Function: Engineering/Technology Experience Level: Experienced Posted Date: 2/18/2019 3:53:57 PM Job #: 1904913 Location(s): United States; Oklahoma; CLAREMORE Role Summary:  About Us:   Baker Hughes, a GE company (NYSE:BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. Drawing on a storied heritage of invention, BHGE harnesses the passion and experience of its people to enhance productivity
Aibel is a leading service company within the upstream oil & gas and offshore wind industries. We provide our clients with optimal and innovative solutions within engineering, construction, modifications and maintenance throughout the entire life cycle. Aibel’s skilled employees are located close to our customers at the company’s eight offices in Norway and South East Asia. In addition, we operate
Aibel is a leading service company within the upstream oil & gas and offshore wind industries. We provide our clients with optimal and innovative solutions within engineering, construction, modifications and maintenance throughout the entire life cycle. Aibel’s skilled employees are located close to our customers at the company’s eight offices in Norway and South East Asia. In addition, we operate
Job Responsibilities The Senior Instrument Engineer shall be responsible for the provision of cost effective Instrument Design solutions and relevant technical expertise in the areas of Instrument and Controls Design and Engineering through project lifecycle phases in compliance with relevant Company and Client requirements in assigned areas to company projects in the Upstream Oil and Gas Sector ranging from greenfield
Software Team Lead Calgary, Alberta, Canada · Development and Engineering DESCRIPTION Lead a team of approximately 8 Software Designers and Engineers to achieve or exceed Company goals and objectives. Perform the following essential functions either by self or through subordinate employees: Manage the delivery of multiple complex simultaneous system development projects from design through to release Contribute to the technical
Quality Engineer Houston, Texas, United States · AFGlobal Corporation DESCRIPTION This position is accountable for developing inspection plans, statistical process controls, procedures/work instructions/visual aid and instructing both inspectors and operators in the use of statistical methods, analyzing data, preparing reports, plotting trends, and conducting process audits. Duties and Responsibilities: Develops inspection and control plans for the various processes used to
Location:Trondheim, Norway Apply by:March 31, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:31910 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the
JOB DESCRIPTION ORGANIZATIONAL STRUCTURE BUSINESS:   Energy LOCATION:   Spartanburg, SC DIRECT REPORTING:  Director, Engineering FUNCTIONAL REPORTING: POSITION DETAILS Position Summary The Mechanical Design Engineer is responsible for participating in the design and evaluation of small-bore valves and fittings for the instrumentation industry.  The Mechanical Design Engineer interacts directly with end users to recommend products and provide technical input on product applications.
Software Team Lead Calgary, Alberta, Canada · Development and Engineering DESCRIPTION Lead a team of approximately 8 Software Designers and Engineers to achieve or exceed Company goals and objectives. Perform the following essential functions either by self or through subordinate employees: Manage the delivery of multiple complex simultaneous system development projects from design through to release Contribute to the technical
Req No.:  2914 Field Engineer II – Wireline Product Service:  Wireline Location:   Midland, TX, US, 79706 CDL Required:  Yes Required Travel:  50% – 75% Number of Openings:  3 FLSA Status:  Exempt Type of Position:   Salaried Position Status:  Full Time Additional Available Locations: Position Summary Leads a crew in performing various oilfield services. Interacts with customer representatives at the well site to determine
DevOps Engineer EDISON, NEW JERSEY DEVELOPMENT TEAM FULL-TIME APPLY FOR THIS JOB Tenna is an exciting IoT startup with strong financial backing, giving our customers the power to control their assets anytime, anywhere.  We provide innovative solutions to customers looking for better ways to track and manage assets like light and heavy equipment, tools, and materials.  We pride ourselves as
108661,Utrecht, Netherlands; equensWorldline is one of the leading and most innovative payment service providers in Europe. As experts in financial processing and software licensing we provide services to fulfill all needs of the dynamic European payments market. Innovation is high on our agenda, as the payments industry is rapidly evolving. That’s why we foster the development of new and innovative
Project engineer – development of well intervention equipment Employer Altus Intervention Technologies job Title project Engineer Place Stavanger Deadline 02/20/2019 Duration Solid Altus Intervention Technologies is a global provider of world-leading well intervention technology and equipment. For our development department in Stavanger, we are soon seeking a project engineer, with a master’s degree in mechanical engineering, and preferably two to
Location: Stavanger, Norway Apply by: March 10, 2019 Position type: Contract (Office) Job category: Technical/Engineering Job ID #: 31822 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop
Quality Engineer Houston, Texas, United States · AFGlobal Corporation DESCRIPTION This position is accountable for developing inspection plans, statistical process controls, procedures/work instructions/visual aid and instructing both inspectors and operators in the use of statistical methods, analyzing data, preparing reports, plotting trends, and conducting process audits. Duties and Responsibilities: Develops inspection and control plans for the various processes used to
Location:Stavanger, Norway Apply by:March 10, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:31764 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the
Location: Curitiba, Brazil Apply by: April 1, 2019 Position type: Employee (Office / Offshore Core) Job category: Functional Job ID #: 31288 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our
Location: Bergen, Norway Apply by: June 1, 2019 Position type: Contract (Office) Job category: Technical/Engineering Job ID #: 31677 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop
Newly graduated – Material Engineer Aibel is a leading service company within the upstream oil & gas and offshore wind industries. We provide our clients with optimal and innovative solutions within engineering, construction, modifications and maintenance throughout the entire life cycle. Aibel’s skilled employees are located close to our customers at the company’s eight offices in Norway and South East Asia.
Description The Cost Accountants primary responsibility will be maintaining the cost set for all sites under their jurisdiction. To carry out this function, the Cost Accountant will serve as the accounting/finance liaison to operations, supply chain and sales in all matters related to cost including cost roll-ups, inventory valuation, variance analysis etc. The Cost Accountant will be responsible for oversight
Job Posting: Jan 15, 2019, 5:10:23 PM Unposting Date: Mar 18, 2019, 5:59:00 AM Summer Student, Geological Services – Technologists–16026 Description Position: Summer Student,Geological Services – Technologist Location: Calgary, AB Start Date: May 7, 2019 Length of Term: 4 months Business Unit: GeologicalServices Application Deadline: March 17,2019 Position Responsibilities: Importing/Exporting/Digitizing subsurface data into various applications and databases QA/QC of geological
Apply by:February 19, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:31172 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker
Overview Job ID: 13451 Country: USA Location: Austin, Texas, Houston, Texas Company: Equinor US Operations LLC Contact Name: Julia Ramos Workplace: Onshore Discipline: Supply Chain Management Education Preferred: Bachelor’s Degree Experience Preferred: Less than 1 year Closing Date: Feb 22 2019 Job Description Equinor is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues
Overview Job ID: 13449 Country: USA Location: Houston, Texas Company: Equinor US Operations LLC Contact Name: Julia Ramos Workplace: Onshore Discipline: Exploration Education Preferred: Master’s Degree Experience Preferred: Less than 1 year Closing Date: Feb 22 2019 Job Description Equinor is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind
Job ID: 13412 Country: USA Location: Austin, Texas, Three Rivers, Texas, Triadelphia, West Virginia, Williston, North Dakota Company: Equinor US Operations LLC Contact Name: Julia Ramos Workplace: Onshore Discipline: Operation & Maintenance Education Preferred: Bachelor’s Degree Experience Preferred: Less than 1 year Closing Date: Feb 22 2019 Job Description Equinor is an international energy company with a proud history. Formerly
Job Description The successful applicant will join ESG’s Global Energy Services Group and will be responsible for overseeing all data acquisition and processing services for all petroleum group projects. The Manager of Acquisition and Processing will work with employees, project coordinators, and analytics teams to ensure that all tasks are performed on time and to the highest quality.  They will
date: Dec 29, 2018 location: Richmond, CA California, US Chevron is one of the world’s leading energy companies, with approximately 60,000 employees working in countries around the world. We explore, produce and transport crude oil and natural gas; refine, market and distribute fuels and other energy products; manufacture and sell petrochemical products; generate power; and develop future energy resources, including
Req ID 95797BR Job category Commercial Countries (State/Region) Hubei Location China – Hubei – Wuhan Role synopsis  The successful candidate will lead a team of technologists and engineers working within the DFJV.  A key role and a key connection to Castrol and Castrol Technology community via dotted reporting line to the Castrol’s Technology Director in China.  Drive
Apply by:May 1, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:30803 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker
date: Nov 30, 2018 location: Richmond, CA California, US Chevron is one of the world’s leading energy companies, with approximately 60,000 employees working in countries around the world. We explore, produce and transport crude oil and natural gas; refine, market and distribute fuels and other energy products; manufacture and sell petrochemical products; generate power; and develop future energy resources, including
Job Function: Engineering/Technology Experience Level: Experienced Posted Date: 10/26/2018 1:55:43 PM Job #: 3196758 Location(s): Poland; Warsaw Role Summary: The Design Engineer will be an integral part of the Manifold team that is technical responsible for defining, developing and delivering subsea manifold systems to the clients. The Design group have the responsibility for engineering design activities for structures, piping, jumpers
CSE ICON Our Passion For What We Do Transfers Into Our Services Job Description: Hadoop Architect/Developer with hands on experience in designing and developing big data solutions. The candidate will be a part of  advanced analytics group of CSE ICON. Advanced analytics team is building innovative analytical solutions for Oil & Gas Upstream, Electric Utility and Oil & Gas Midstream
GE Oil & Gas Experienced Posted 10/2/2018 6:54:31 AM 3184614 Job Function: Engineering/Technology Business Segment: Oil & Gas Measurement & Controls Location(s): Ireland; Shannon Role Summary:This Lead Project Engineering role is a new permanent opportunity based in GE Sensing EMEA, Shannon which is part of the Baker Hughes a GE company (BHGE) business. Essential Responsibilities:• Working as part of the
June 2018
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930