So, as said in a previous post, we went to the AAPG workshop “Deepwater and shelf reservoirs: big data, new knowledge and analytics for enhanced results” held in Houston January 24 and 25.
Once on stage, Philip Neri, our marketing adviser, started the pitch with a quite provocative slide! Instead of speaking about the future success of those adopting the AgileDD solutions (something quite certain and probably not necessary to be discussed anymore!), Phil started with a slide pointing out one of the reasons our industry is still drilling too many expensive dry wells, shooting seismic which doesn’t illuminate correctly the reservoir, or still drilling too many poor hole sections. In his presentation, he explained that these issues come from the fact that we spend a fortune to acquire data but we lose thatch of them when they become legacy.
Coming back to legacy data, you expect to be able to find them thanks to a correct indexing and cataloging of your documents, but this is often not the case. It currently costs a fortune in time and skilled man-days to have a proper index and the right metadata to access fully the legacy documents. As a result, it is only done partially, hence only 5% of the available data are considered when making a decision. As an example, a well drilling program is defined using the 5 adjacent wells and not the experience of the hundreds of wells drilled in the same basin and fully documented.
Now, imagine you have trained a machine to extract from your legacy document the information you need. This changes everything. It makes it possible to base your analytics and your modelling on the full past geoscience experience archived in your company, in open data or in data provided by release agent.
Thanks to the examples of the CDA unstructured data challenge we did last summer, and that Phil used to illustrate the AgileDD proposal, the attendees started to imagine the advantages of an automatic indexing and cataloging to de-risk their project. And that in turn triggered several interesting questions from the audience during Q and A and offline after the talk: This innovative solution is now available to make a better use of the knowledged stored in billions of unstructured documents our industry has archived over the time. It is now time for implementation.
Many thanks to AAPG’s Susan Nash and Paradigm’s Kamal Hami-Eddine for organizing the event with the sponsorship of Paradigm.