The vast amount of data in energy companies slows down their digital transformation. Together with RoQC solutions, Microsoft Energy Data Services will accelerate your journey in democratizing access to data by providing an easy-to-deploy managed service fully supported by Microsoft.
Managing large data sets is complicated, and few industries have larger and more complex data sets than the energy industry. Data complexity and large investments in on-premises storage solutions and multitudes of computer systems prevent the transition to cloud-based sub-surface data management. A single company can have tens of petabytes of structured and unstructured data, which if not quality-assured, can lead to an increase in cost if it goes wrong.
Solutions from RoQC, a Norwegian software company, clean up structured data for energy companies. This makes data management more efficient from a time and cost perspective, and also makes decision-making more reliable.
With Microsoft Energy Data Services, energy companies can leverage new cloud-based data management capabilities provided by RoQC and Microsoft Energy Data Services.
Microsoft Energy Data Services is a data platform fully supported by Microsoft, that enables efficient data management, standardization, liberation, and consumption in energy exploration. The solution is a hyperscale data ecosystem that leverages the capabilities of the OSDU Data Platform™ and Microsoft's secure and trustworthy cloud services with our partners’ extensive domain expertise.
"Through machine learning, our software gives energy companies complete control of their data and assets. When the amounts of data are reduced, we eliminate uncertainty and duplication, and optimize the quality of the data sets. Traditionally a petrophysicist might spend a day or two cleaning up the logs for one well before they can be used for detailed analysis—with RoQC LogQA the same petrophysicist can clean hundreds of thousands of logs in the same timeframe. By cooperating with one of the largest platform providers in the world, we gain access to technology, competency, and markets it would be hard for us to get otherwise."—Bjørn Thorsen, CEO of RoQC.
New possibilities through cooperation
RoQC, a certified independent software vendor with Microsoft, has been able to expand its technology globally through the partnership.
Partner development manager for Microsoft Norway, Ole Christian Smerud, assures that the cooperation is mutually beneficial. "As a platform provider, we depend on strong partners to give our customers the best solutions. While we provide a platform, cloud competency, and access to an ecosystem for RoQC, they bring domain knowledge and relevance to their industry," he says.
Save millions with better data
RoQC believes that the energy industry struggles to take the step into the cloud, simply because of the data complexity and that most companies lack control over their data. By qualifying and quantifying data sets by identifying and deleting duplicates, RoQC Tools can reduce the data set size with commensurate dramatic savings in storage costs.
By reducing the amount of data by 10 to 30 percent, we’re talking millions of dollars in savings. The bigger the organization, the bigger the effect.
RoQC Tools are primarily designed so that data managers can perform tasks that are usually time-consuming as efficiently as possible. Very often they can complete a task that usually takes months, in a minute or two. Sometimes, the tasks would not be possible at all without the tools.
There is an obvious and well-documented correlation between increasing the quality of your data and reducing the risk of decisions based on that data. Geoscientists and project leaders in this field make decisions worth millions, maybe billions. You don’t want to make a decision of that magnitude based on insufficient or weak data.
RoQC believes the energy companies’ data is the key to shifting away from fossil resources. In the data sets, subsea energy companies have knowledge of "everything" about the ocean floor and sub-sea.
"Minerals from the ocean floor and sub-surface might be the next big thing for subsea oil-dependent nations like Norway. It is an already overused statement, but data is literally the new oil for this industry," says Bjørn Thorsen.
Preparing efficient data migration
RoQC provides both tools and consultants to enable a client to prepare their data prior to migrating the data to Azure. This preparation can include everything from simply identifying and removing duplicates to developing and implementing standards and then cleaning the data to comply with the standards. These preparations can be done directly in the clients’ normal (e.g., Halliburton/Schlumberger) interpretation platforms.
Furthermore, RoQC’s LogQA provides extremely powerful native, machine learning–based QA and cleanup tools for log data once the data has been migrated to Microsoft Energy Data Services, an enterprise-grade OSDU Data Platform on the Microsoft Cloud.
LogQA monitors the quality of the well log data that a client has stored on OSDU Data Platform. LogQA was partially developed in collaboration with Microsoft as part of Microsoft Energy Data Services, and LogQA is maintained on the latest OSDU Data Platform APIs and version/schema.
As LogQA is native to the Microsoft Cloud infrastructure there is no customer deployment required before a customer can utilize LogQA to monitor, identify, and rapidly rectify the data quality issues. LogQA is designed to work with typically energy industry client datasets, which is potentially millions of well logs.
How to work with RoQC Solutions on Microsoft Energy Data Services
For access to RoQC solutions, reach out to Bjørn Thorsen, CEO, RoQC Data Management AS, Norway at Bjorn@roqc.no.
Source: microsoft.com
Posts
0 comments:
Post a Comment