I'm Jennifer Pallanich, the senior technology editor for Hart Energy Live, and I'm here at CERAWeek by S&P Global with Scott Sanderson of AWS [Amazon Web Services] to discuss the open subsurface data universe [OSDU].
Jennifer Pallanich, senior technology editor, Hart Energy: So what is the OSDU on AWS?
Scott Sanderson, director of global business development, energy and utilities, AWS: For 35 years, the biggest challenge they had in subsurface data management was [that] petrotechnical professionals spent up to 70% of their time just wrestling with the data and only 30% of their time actually doing petrotechnical modeling. That started as a consortium of operators, and to be honest, consortiums in oil and gas, you don't always give them a high probability of success.
But those structures and the data catalogs and the architecture of it are being deployed and extended in a secure fashion throughout the energy value chain so that we can apply the same learnings and the same techniques to common data sets to finally leverage artificial intelligence and machine learning, again, to accelerate those workflows and make the productive assets even more productive.
The other thing that's happening is software vendors—the traditional big ones, as well as innovative new, born-in-the cloud technologies—are being born strictly to operate on the OSDU platform. And so really breakthrough performance is being realized using these new technologies.
And that's Hart Energy Live’s Tech Trends with me, Jennifer Pallanich. Every Tuesday we'll have an episode drilling into the tech that fuels the oil patch at hartenergy.com/ep.
Recommended Reading
Exclusive: Why Family Offices Favor ‘Lower-Risk’ Oil, Gas Investments
2024-11-22 - Evan Smith, Stephens’ senior vice president for investment banking, describes growth in the company’s network of family offices, specifically those investing in the energy sector, in this Hart Energy Exclusive interview.
Energy Sector Sees Dramatic Increase in Private Equity Funding
2024-11-21 - In a 10-day period, private equity firms announced almost $20 billion in energy funding. Is an end in sight for the fossil fuel capital drought?
Expand Energy Announces $500MM Tender Offer for 2026 Notes
2024-11-20 - Expand also issued a conditional notice of redemption for all of its outstanding 8.375% Senior Notes due 2028.
Vistra to Offer Senior Notes for Equity Interest Repayment
2024-11-19 - Vistra Corp. said the proceeds from the offer will be used toward an early payout for the installment purchase of Avenue Capital Management II’s interest in Vistra Vision.
US Energy Secretary Nominee Chris Wright Champions Energy at DUG GAS
2024-11-19 - President-elect Donald Trump's energy secretary nominee Chris Wright championed energy's role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.