The Open Group OSDU(™) Forum has designed a way for oil and gas companies to overcome their legacy data challenges. Comprising a set of services and workflows—and expressly designed for E&P data domains—the OSDU Data Platform enables operators to store all subsurface, wells and surface, and new energy data into a single reference data platform. The open-source, cloud-based and technology-agnostic data platform solves the upstream energy industry's data structure, storage and access challenges in several ways including:
- Contextualizing data in a single system of record. That means data that has been historically siloed is readily available for analytics, advanced computing and digital transformation.
- Lowering data storage costs by eliminating data duplication.
- Increasing the pace of innovation by removing data silos and proprietary data formats. Application developers have easy access to usable data, irrespective of its source, enabling them to provide better solutions to solve operators’ problems.
In these ways, the platform has the potential to dramatically improve application interoperability, accelerate workflows and drive operational efficiencies—all while delivering meaningful insights that inform better, faster decision making.
The OSDU Data Platform has the potential to unlock real value with the following: