As geoscientists, according to Elsevier, spend up to 80% of their time searching for and formatting geoscience information and data, Geofacets will provide daily data updates from over 40 countries.
This could give geoscientists a clearer understanding of the subsurface to facilitate confident decision-making and mitigate risk.
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MapStand’s news ticker is also integrated into Geofacets to give user updates about upcoming lease rounds, bids, and commercial updates that are spatially tagged and linked to the scientific content for respective locations.
Through MapStand’s interactive system, Geofacet users can access important energy infrastructure data. This includes information on basins, licensing blocks, 2D and 3D seismic surveys, boreholes, and windfarms.
Users can also stay up to date with live geotagged daily news and press releases, allowing them to track developments in the industry and discover relevant Geofacets content in the same interface.
Elsevier vice president of engineering solutions Bryan Davies said: “Oil and gas and energy companies exist in a progressively data-rich environment. Being able to view energy infrastructure data and industry news in one platform, alongside essential scientific data, allows companies to maintain a competitive edge.
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By GlobalData“Due to Covid-19, workforces have become increasingly dispersed and remote, so making relevant information and data accessible greatly benefits geoscientists and organisations. There is also a greater need for the kind of information that MapStand provides, given the focus from industry, governments, and consumers for innovation in renewable and sustainable energy.”
Elsevier and MapStand also intend to investigate ways to contribute to the development of relevant solutions for companies tackling the rapidly changing energy environment.
MapStand CEO Francis Cram said: “It was a natural choice for us to integrate our content with Geofacets, as MapStand content is now available to even more people. Our aim is to remove the barriers and frustrations standing in the way of better-informed decisions and rapid innovation. We want to make essential energy industry information easily accessible. So, we’re pleased to be able to offer Geofacets users the benefit of MapStand and be a part of making their workflow frictionless.”
Combined with the existing Geofacets library of more than two million searchable maps, figures, and tables, the MapStand integration adds to a user-friendly experience for oil, gas, and energy professionals.
