We are delighted to share that i2G Solutions has officially become a member of the Open Subsurface Data Universe (OSDUTM) forum under the membership agreement between the forum and our mother company EastSea Star Ltd. This marks a significant milestone in our journey to reach international standard so we want to take this opportunity to address what it means to us and what benefits it will bring to the Operators who are adopting i2G platform as a part of their digital transformation solution.
We embarked on our journey back in 2015 with Fractured Reservoir Petrophysics (FRP), a module designed for characterizing fractured basement reservoirs. Over time, we have expanded its capabilities and transformed it into Well Insight (WI), a comprehensive tool for full spectrum petrophysical interpretation. In early 2017 we made a strategic decision to develop the i2G cloud-based platform, serving as a home for various subsurface data management and interpretation applications including WI, Corporate database (CoDB), Machine Learning Toolkit, Basemap and Python Editor. By combining these cutting-edge tools within the i2G platform, we have created a unified and streamlined solution for subsurface data management and interpretation. This integrated approach empowers geoscientists and engineers to make informed decisions, optimize exploration and production activities, and maximize the potential of their assets.
What is OSDUTM Data Platform?
OSDUTM (Open Standard Data Universe) Data Platform is a data management platform that is designed to provide a standard data architecture and common data services for the exploration and production (E&P) sector. The platform enables companies to securely store, manage, and analyze vast amounts of data from various sources, such as drilling and production operations, well and seismic data. OSDU provides a single source of truth for the data, which enables organizations to streamline their data management processes, reduce operational costs, and make data-driven decisions. As an open-source platform, companies can contribute to its development and benefit from the innovations of others in the industry.
As of May 2023, the total number of active organizations is 233: https://www.opengroup.org/osdu/current-members
Benefits of OSDUTM technical standard adoption for Service Providers
- Industry Demand: with the growing demand for data standardization in the E&P industry, service companies that can provide solutions based on the OSDUTM data platform may have a competitive advantage over those that do not.
- Improved Data Management: OSDUTM data platform provides a single source of truth for data, enabling service companies to securely store, manage, and analyze vast amounts of data from various sources for their clients. This can lead to improved data quality and efficiency, as well as faster and more accurate decision-making for their clients.
- Improved Collaboration: OSDUTM data platform provides a common data architecture and data model that can be used across the industry. This standardization makes it easier for service companies and their clients to exchange data, collaborate on projects, and ensure data consistency and accuracy.
- Lower Costs: by standardizing data management processes and reducing the need for custom solutions, service companies can lower their data management costs. This can free up resources to focus on other areas of their business.
- Increased Innovation: OSDUTM data platform is an open-source platform, which means that service companies can contribute to its development and benefit from the innovations of others in the industry. This can lead to increased innovation and faster development of new features and capabilities.
Benefits of OSDUTM technical standard adoption for Operators
- Streamlined Data Management: the OSDUTM data platform enables oil and gas operators to break down data silos and centralize their data management processes. It provides a unified platform that integrates diverse data sources, making it easier to access, manage, and analyze critical information.
- Improved Operational Efficiency: by providing fast and easy access to a wide range of data, the OSDUTM data platform enhances operational efficiency. Operators can make more informed decisions, optimize workflows, and streamline processes across exploration, production, and other operational areas.
- Enhanced Collaboration and Integration: the OSDUTM data platform fosters collaboration among operators, service companies, and other stakeholders in the energy industry. It promotes the sharing of data, best practices, and innovative solutions, enabling operators to leverage collective expertise and drive industry-wide advancements.
- Accelerated Innovation: with its open-source and standards-based approach, the OSDUTM data platform encourages innovation and rapid solution development. Operators can leverage a diverse ecosystem of digital solutions and easily integrate new technologies, enabling them to stay at the forefront of industry advancements.
- Cost Optimization: the OSDUTM data platform offers cost advantages by reducing duplication of efforts and improving resource allocation. It eliminates the need for multiple data management systems, enables efficient data integration, and facilitates data-driven insights that can optimize operational costs.
- Scalability and Flexibility: the OSDUTM data platform is designed to scale alongside the evolving needs of oil and gas operators. It can handle large volumes of data, support real-time data capture and streaming, and adapt to various technical settings, including cloud, on-premise, and edge computing.
- Regulatory Compliance: with increasing legislative demands and complex energy mix requirements, the OSDUTM data platform helps operators ensure compliance with regulations. It provides robust data governance capabilities, traceability, and transparency, aiding operators in meeting regulatory requirements effectively.
At i2G, we understand the power of working together for tacking critical challenges in this fast-changing world of energy transition, and the OSDUTM data platform’s commitment to open-source development and collaboration ensures that operators and service providers remain adaptable to future technological advancements. Therefore, we are excited for what comes next to contribute our part for accelerating innovation and transformation in the energy industry.
OSDUTM Forum website:
https://osduforum.org/
