Integrated data management improves return on investment

Given the enormous expenditures required in offshore exploration and production (E&P) activities, better data management has emerged as a critical for topics ranging from risk reduction to increased revenue.Yet even as offshore exploration becomes increasingly technology-driven, the question still persists at many companies, "Why and how is data management important within the context of the hundreds of millions of dollars spent on deepwater drilling and production facilities?"The answer speaks directly to this investment. Take three value categories: risk reduction, dry-hole avoidance, and accurately sized production facilities. With so much capital riding on a single project, it is impe...

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