The Data explosion in Oil and Gas

Looking at specific forms of collaboration such as joint ventures in the upstream oil and gas business, the following roles can be distinguished:

• Joint venture administrator
• Authorities
• Project management
• Operators
• Technology partners
• ICT support
• Managers

Each of these roles requires different information derived from multiple data sources such as licensing information, health and safety data, environmental content, asset and engineering information, and management reporting.

Extended Business Intelligence
EBI represents a new approach to exploiting expanding enterprise information assets to support better decision-making.

Innovative new technologies enable the creation of search based applications (SBAs). These search based applications can be seen as refineries of data.

Search based technology does not exist on its own. It is embedded in a larger environment enabling the SBAs. In this larger environment there is a need for BI tools, reporting, dashboards, portals and workflow technology. All this, tied together, is called Extended Business Intelligence (EBI).

There are several success factors in creating these role based applications:

• They must be able to handle and validate big data volumes
• They must be able to integrate both existing and new content sources
• They must be able to create new role based dashboards and management reports based on pattern recognition
• They must improve on the cost/relevance ratio of the existing or new decision platform.

Licence2Share enables users to get to all their information through a single access point. Its main features are:

• Fast deployment, private cloud based and easily extendable solution
• Reliable, trustworthy collaboration by using one source of truth
• Better governance and flexibility with regard to compliance and local legislation
• Easy alignment to changes in the dynamics of the JV lifecycle in a controlled manner
• Dynamic content and role-based views (JV administrators)
• Improved management and decision making process
• More than 13 years best practice experience in JV solutions.

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