Managing the deluge: how data centres have come to the rescue for the oil & gas sector

GlobalData Energy 26 November 2019 (Last Updated November 27th, 2019 11:55)

The data centre is playing a pivotal role in this aspect by providing solutions to big data management.

Managing the deluge: how data centres have come to the rescue for the oil & gas sector

GlobalData’s latest thematic report, ‘Data Centres in Oil & Gas,’ shows how oil and gas companies are leveraging data centres to manage the large volumes of data generated from day-to-day operations. 

Data management has become an important theme in the oil and gas industry as the volumes of data generated by the industry have increased significantly, thus driving the demand for high-performance data storage and processing solutions. The upstream sector, in particular, is contributing to the bulk of the data generated from oil and gas processes. In order to facilitate superior warehousing and mining of this operational data, companies are leveraging the advantages of data centres and high-performance computing systems.

Availability of data during exploration and production activities is helping companies in evaluating project requirements and accurately determining drilling locations for extracting hydrocarbons cost-effectively. This is being made possible by integrating advanced sensing technologies with a wide range of production equipment deployed on wellheads, including drill bits, injection equipment, pumps, and valves to collect real-time data. 

The data centre is playing a pivotal role in this aspect by providing solutions to big data management. Companies are investing in data centres to gain the ability of processing data in real-time and generating insights for creating revenue opportunities, increasing drilling performance and improving operational efficiencies. 

The oil and gas industry is experiencing rapid growth in the use of sensors and other network-connected devices across the value chain. The network of these devices that form the Industrial Internet ecosystem is triggering a massive data deluge from oil and gas operations. Data centres provide the ideal platform to accumulate this data and apply big data analytics to monitor real-time performance and predict equipment malfunction. It can also serve as a back-up and recovery mechanism in the event of a critical system failure.

A new wave of cloud solution providers, such as Microsoft, IBM and Amazon are giving oil and gas companies access to scalable data storage at affordable rates. The emergence of such alternatives has allowed oil and gas players to focus on their core competencies while leaving the management of IT systems with the technology players. Oil and gas majors, such as Chevron, ExxonMobil and Equinor have led the adoption of cloud-based data storage.

Some of the leading oil and gas players in the data centres theme are: ADNOC, BP, Eni, Equinor, ExxonMobil, Mansfield Oil, NNPC, Saudi Aramco and Total.

Leading oil & gas and IT companies in the data centres theme

Source: GlobalData Thematic Research ©GlobalData