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March 12, 2021, 11:30 PM

How We Created Value From Oil & Gas Data

A talk by Alastair Muir
President, Data Science and Predictive Analytics, Muir & Associates

In 2017 The Economist published an article titled "The world's most valuable resource is no longer oil, but data." We say, "The most valuable resource in Oil & Gas is data about oil", and to get true business value it must be refined.

Alastair's talk is the story behind how Muir & Associates developed a data science based business solution to address the issues around resource identification and location. He will begin with raw well log data then travel through the process of data governance, data engineering, data science based predictive model development and deployment, presentation and visualization, to end up at knowledge management and business decision support.


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