• Data as a Strategic Asset: Improving Results Through a Systematic Data Governance Framework

    This paper presents a systematic proven and effective nine-step data governance framework that helps to enable oil and gas organizations to improve results by treating data as a strategic asset. The world is becoming increasingly data-driven and technologically disrupted, and this momentum is expected to continue.

    In this presentation, they detail their tested and effective nine-step data governance framework, developed based on years of experience in the oil and gas industry, ranging from operations, engineering, and production volumes allocations to information technology and continuous improvement. Key to the importance of this work is treating data as a strategic asset and recognizing that, without trustworthy data, planning and performance analysis, whether performed by a human colleague or robotics/advanced analytics, is of limited and misleading value.

    Our archived 2020-21 event content is now available free to SPE members! This presentation in English is from the 2020 SPE Latin American and Caribbean Petroleum Engineering Conference.

    • Paper Number: SPE-198950-MS
    • Published: 20 July 2020
    • Authors: Elena Huff; John Lee

     

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  • Data as a Strategic Asset: Improving Results Through a Systematic Data Governance Framework