The Data Room: New Report Provides a Comprehensive Review of Current Status and Future Potential of Digital Oilfield Technology

SEVRES, France--(BUSINESS WIRE)--A new report from The Data Room provides an up to the minute review of information technology (IT) as applied to the production of oil and gas from the ‘digital oilfield.’ The report includes strong advocacy for the application of digital technology with one super major reporting the addition of a billion barrels to its reserve base thanks to its ‘field of the future’ program. The 22 page, illustrated report from the Society of Petroleum Engineer’s 2007 Digital Energy Conference was produced as a component of The Data Room’s Technology Watch report service.

Oil company presentations include updates on Shell’s ‘Smart Fields,’ Chevron’s ‘i-Field,’ and several BP initiatives. The report reviews the state-of-the-art of high performance computing (HPC) in the oil and gas vertical and also notes the growing interest of the process control community in the cash-rich oil and gas sector. Other topics include Schlumberger’s Operations Support Center, Chevron’s Information Architecture for the digital oilfield, Oracle’s return to upstream IT, OSIsoft’s real time WebParts and Aspen Technology’s WellTrends drilling data historian. The summary and contents of the report are available on www.oilit.com/tw.

About The Data Room

The Data Room has produced regular reports and analysis from major conferences and trade shows in the oil and gas vertical since 2000. Subscribers to The Data Room’s Technology Watch Report service include NOCs, oil and gas majors and the major upstream software vendors. The Data Room also publishes the monthly newsletter Oil Information Technology Journal whose website, www.OilIT.com currently receives over 2,000 visits per day.