E&P companies use multiple interpretive applications today to generate answers to their geology, geoscience and engineering questions. However, they face significant challenges maintaining data quality and consistency across these applications and the projects within them, which are used to make important decisions about everything from well locations to production estimates.
As a workaround, many oil and gas companies rely heavily on manual processes to load, cleanse and manage the data. This increases costs and operational risk while delaying delivery times. As a result, many companies are not performing optimally: they lack good quality data for decision -making and cannot respond quickly to opportunities or control their costs.
EDM for Energy addresses these challenges by automatically synchronizing data across applications, including Kingdom, Petra and Harmony, at the project level. The flexible data management platform delivers ETL, workflow automation, data quality, master data management and data warehousing.
Best of breed
EDM for Energy can support any proprietary or third-party application. As a result, it gives oil and gas companies the ability to combine data from interpretive tools from multiple providers with their own proprietary systems, with bi-directional interfaces across the technology ecosystem.
Efficiency and timeliness
By eliminating the need to manually manage and transform data, EDM for Energy maximizes the amount of time available for examining results. It enables geoscientists and geologists to focus on their core competency rather than spending time on manual data management.
EDM for Energy breaks down functional and technical silos and supports cross-team collaboration by synchronizing the distribution of validated, mastered data across multiple applications in a consistent, audited environment. Users can be confident that the data they are using in one project is consistent with the data their colleagues are using in another project.
Time to market
Pre-configured connections to most industry applications enable companies to streamline the integration and management of IHS Markit’s GG&E software solutions, including Kingdom, Petra, Harmony and others.