Information analytics company Elsevier has formed a new alliance to include content from the Indonesian Petroleum Association (IPA) to its exploration and development information platform Geofacets.
The agreement will lead to the addition of 10,000 new maps and data assets to the platform thereby almost doubling the information volume available to the Indonesian users.
This is expected to minimise exploration risk associated with upstream oil and gas research in the region.
Elsevier Geofacets senior product manager Gilad Hoshen said: “Adding IPA’s maps and data to Geofacets will enable geoscientists to optimise their upstream decisions and predictions, improving the quality of search results by up to 50%.
“This is particularly valuable with the IPA collaboration, because much of its content is petroleum-focused; thereby mitigating risk as early in the exploration process as possible.”
Access to a wider range of accurate data is considered critical in order to obtain actionable insights into discovery and evaluation of new extraction sites. New reserves are urgently required in Indonesia because oil and gas demand is rising and production from mature fields is decreasing.
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IPA executive director Marjolijn Wajong said: “Our mission is to be the voice of the upstream oil and gas industry in Indonesia, to benefit government, investors, communities, employees, customers and the environment.
“In order to accomplish our mission, the IPA aims to make it easier for geoscientists to find our content, thereby helping them to make better decisions and reduce their risk.”
To be added next month, the new content brings the total number of maps, figures and tables on Geofacets to more than 1.75 million.