Online E&P asset management tools accelerate market transactions

The onset of online data management services, application toolsets, and marketplaces is creating an entity that can aptly be called the "accelerated oil company," having capabilities only dreamed about in the past. Their application soon will enable a world in which: Oil company executives can explore, evaluate, develop, bring on stream, and commercialize producing fields in less than half the time it takes today. Personnel can acquire and evaluate exploration acreage, prospects, and seismic data in a matter of days. Secure electronic data rooms and internet-enabled applications will create environments in which a seller in the US and a buyer in the Asia-Pacific region can collaborate and...

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