PetroWeb is to acquire NeuraDB, a PPDM-based upstream database management system from developer Neuralog. The all equity deal means that Neuralog will receive an undisclosed share in PetroWeb. Neuralog will continue to market its Log, Map Section tools and its Scanner and LaserColor hardware. Neuralog president Robert Best, who described the deal as a ‘partnership,’ is to split his time between the companies.
The plan is to port NeuraDB to a web based platform for managing commercial and proprietary E&P data together. A key part of this will be to develop standard web services for data loading, editing and accessing geoscience client applications. End-user web access to NeuraDB via PetroWeb is also planned.
PetroWeb CEO Darcy Vaughan added, ‘Cloud and on-premise web deployments are the future of E&P data management and promise end-user access for users from a spectrum of devices.’ PetroWeb adds an ESRI ArcGIS front end to NeuraDB along with other E&P data stores and vendor data feeds. PNEC speaker Sean Turcott welcomed the move as providing his company, SouthWestern Energy, with a quick route to web portal deployment. More from PetroWeb.
This article originally appeared in Oil IT Journal 2013 Issue # 5.
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