ACCESS TO AUSTRALIAN EXPLORATION AND PRODUCTION DATA: A CRITICAL FACTOR IN ATTRACTING INVESTMENT

2003 ◽  
Vol 43 (1) ◽  
pp. 693
Author(s):  
P.E. Williamson ◽  
C.B. Foster
Keyword(s):  
Spatial Information ◽  
Data Access ◽  
Global Market ◽  
Data Availability ◽  
Petroleum Exploration ◽  
Data Repository ◽  
Production Data ◽  
Market Place ◽  
Exploration And Production ◽  
The Cost

During the past 10 years, Australia has maintained 65– 85% self-sufficiency in oil and better than 100% sufficiency in gas. This has generated significant societal benefits in terms of employment, balance of payments, and revenue. The decline of the super-giant Gippsland fields, discovery of smaller oil pools on the North West Shelf, and the increasing reliance on condensate to sustain our liquids supply, however, sharpens the focus on Australia’s need to increase exploration and discover more oil. Australia is competing in the global market place for exploration funds, but as it is relatively underexplored there is a need to simulate interest through access to pre-competitive data and information. Public access to exploration and production data is a key plank in Australian promotion of petroleum exploration acreage. Access results from legislation that initially subsidised exploration in return for lodgement and public availability of exploration and production (E&P) data. Today publicly available E&P data ranges from digital seismic tapes, to core and cuttings samples from wells, and access to relational databases, including organic geochemistry, biostratigraphy, and reservoir and shows information. Seismic information is being progressively consolidated to high density media. Under the Commonwealth Government’s Spatial Information and Data Access Policy, announced in 2001, company data are publicly available at the cost of transfer, after a relatively brief confidentiality period. In addition, pre-competitive regional studies relating to petroleum prospectivity, undertaken by Government, and databases and spatial information are free over the Internet, further reducing the cost of exploration. In cooperation with the Australian States and the Northern Territory, we are working towards jointly presenting Australian opportunities through the Geoscience Portal (http:// www.geoscience.gov.au) and a virtual one-stop data repository. The challenge now is to translate data availability to increased exploration uptake, through client information, and through ever-improving on-line access.

The Implementation of the Largest Geological and Production Corporate Database in Ukraine to Accelerate Digital Transformation

2021 ◽  
Author(s):  
Vadym Reshetniak ◽  
Arsene Akono ◽  
Rana Sherif ◽  
Amine Boumehdi ◽  
Sid Ahmed Morsli ◽  
...  
Keyword(s):  
Data Quality ◽  
Data Storage ◽  
Data Access ◽  
Development Planning ◽  
Digital Transformation ◽  
Data Repository ◽  
Production Data ◽  
Business Systems ◽  
Data Types ◽  
Field Development

Abstract Two years ago, geoscientists of the leading East European gas producers were still using paper logs, unknown data quality sources, and many data versions, stored on individual local disks for their interpretation jobs. To overcome this challenge, the deployment of a geological and production database was initiated in the framework of the digital transformation programme. The key objectives were to build a single data repository for all company assets and integrate it with the production and drilling business systems. The development of the corporate data repository started with an extensive data assessment. A report of available data types, business processes, recommended data management, and business rules were produced. Loading and quality control procedures were designed to load over 40 different data types, including geology, geophysics, production, and drilling. Standardisation of data available in non-industry formats was necessary, e.g. for Lithology data. To enable reporting of drilling and production data stored in the business systems, complex integration and synchronisation between different Database Management Systems were developed. Data delivery to petrotechnical applications was a key to productivity. By implementing this centralised and unique Corporate Data Storage, digitalization and loading of the well, log, seismic, drilling, and production data with proper quality were enabled. Petrotechnical experts can now use one data access point to retrieve data into their applications quickly and efficiently using just an integrated web browser. Searching information within SEGY or DLIS files was previously a difficult process that has been facilitated through an application user interface displayed in the local language. Thousands of well logs, documents, and reports have been digitised and made available in the system. The interpretation results and knowledge are now captured and reused in future field development planning. All the company data including drilling and production data synched from business systems are now available in a single place and accurate reporting can be facilitated. The system allowed the reduction of the time spent by the users searching and data quality checks.

Digital Interactive Channel Systems and Portals

2011 ◽  
pp. 249-255
Author(s):  
Christoph Schlueter Langdon ◽  
Alexander Bau
Keyword(s):  
Data Access ◽  
Relevant Information ◽  
Data Repository ◽  
The Internet ◽  
Content Creation ◽  
Product Pricing ◽  
The Cost ◽  
Word Processors ◽  
Channel Systems ◽  
The Web

Web portals continue to grow as a force that could shift the balance of power between buyers and sellers and, therefore, could alter the structure of channel systems in many industries. In late 2005, the increase in the importance of portals appears to be reflected in their market capitalization, exceeding that of more traditional media and communications companies (see Figure 1). Today, the Internet provides access to a vast data repository. Information on product pricing and quality that used to take hours to unearth can now be accessed in seconds with a click of a mouse. However, despite the ease of data access, one issue remains: how to find that piece of relevant information within all the data. Digital technology has reduced the cost of content creation, which has increased the amount of content or data available (e.g., replacing the typewriter with word processors and desktop publishing). Together with cheap digital distribution via the Internet and Web, much of this data is now available online. What remains is the challenge of finding relevant and reliable information. This issue is being addressed by one of the dominant forces in the online arena, the Web portal.

scholarly journals How Are We Doing? Data Access and Replication in Political Science

2016 ◽  
Vol 49 (02) ◽  
pp. 268-272 ◽  
Author(s):  
Ellen M. Key
Keyword(s):  
Political Science ◽  
Data Access ◽  
Data Availability ◽  
Data Repositories ◽  
Institutional Data ◽  
Technological Advances ◽  
Research Transparency ◽  
The Cost ◽  
The Impact ◽  
Mandatory Provision

ABSTRACTData access and research transparency (DA-RT) is a growing concern for the discipline. Technological advances have greatly reduced the cost of sharing data, enabling full replication archives consisting of data and code to be shared on individual websites, as well as journal archives and institutional data repositories. But how do we ensure that scholars take advantage of these resources to share their replication archives? Moreover, are the costs of research transparency borne by individuals or by journals? This article assesses the impact of journal replication policies on data availability and finds that articles published in journals with mandatory provision policies are 24 times more likely to have replication materials available than articles those with no requirements.

Trends and Prospects of Development of the Oil and Gas Sector in the Context of Digitalization

2020 ◽  
Vol 26 (1) ◽  
pp. 35-45 ◽  
Author(s):  
A. G. Kazanin
Keyword(s):  
Oil And Gas ◽  
Digital Technologies ◽  
Oil And Gas Industry ◽  
Global Market ◽  
The Arctic ◽  
Business And Society ◽  
Gas Industry ◽  
Exploration And Production ◽  
Oil And Gas Sector

The modern oil and gas industry is heavily dependent on the processes and trends driven by the accelerating digitalization of the economy. Thus, the digitalization of the oil and gas sector has become Russia’s top priority, which involves a technological and structural transformation of all production processes and stages.Aim. The presented study aims to identify the major trends and prospects of development of the Russian oil and gas sector in the context of its digitalization and formation of the digital economy.Tasks. The authors analyze the major trends in the development of the oil and gas industry at a global scale and in Russia with allowance for the prospects of accelerated exploration of the Arctic; determine the best practices of implementation of digital technologies by oil and gas companies as well as the prospects and obstacles for the subsequent transfer of digital technologies to the Russian oil and gas industry.Methods. This study uses general scientific methods, such as analysis, synthesis, and scientific generalization.Results. Arctic hydrocarbons will become increasingly important to Russia in the long term, and their exploration and production will require the implementation of innovative technologies. Priority directions for the development of many oil and gas producers will include active application of digital technologies as a whole (different types of robots that could replace people in performing complex procedures), processing and analysis of big data using artificial intelligence to optimize processes, particularly in the field of exploration and production, processing and transportation. Digitalization of the oil and gas sector is a powerful factor in the improvement of the efficiency of the Russian economy. However, Russian companies are notably lagging behind in this field of innovative development and there are problems and high risks that need to be overcome to realize its potential for business and society.Conclusions. Given the strategic importance of the oil and gas industry for Russia, its sustainable development and national security, it is recommendable to focus on the development and implementation of digital technologies. This is crucial for the digitalization of long-term projection and strategic planning, assessment of the role and place of Russia and its largest energy companies in the global market with allowance for a maximum number of different internal and external factors.

scholarly journals Globalization Impact on Multinational Enterprises

World ◽  
2021 ◽  
Vol 2 (2) ◽  
pp. 216-230
Author(s):  
Justine Kyove ◽  
Katerina Streltsova ◽  
Ufuoma Odibo ◽  
Giuseppe T. Cirella
Keyword(s):  
Developing Country ◽  
Multinational Enterprises ◽  
Developed Countries ◽  
Global Market ◽  
Data Availability ◽  
Negative Effects ◽  
Developed Country ◽  
Excellent Starting Point ◽  
Starting Point ◽  
The Impact

The impact of globalization on multinational enterprises was examined from the years 1980 to 2020. A scoping literature review was conducted for a total of 141 articles. Qualitative, quantitative, and mixed typologies were categorized and conclusions were drawn regarding the influence and performance (i.e., positive or negative effects) of globalization. Developed countries show more saturated markets than developing countries that favor developing country multinational enterprises to rely heavily on foreign sales for revenue growth. Developed country multinationals are likely to use more advanced factors of production to create revenue, whereas developing country multinationals are more likely to use less advanced forms. A number of common trends and issues showed corporate social responsibility, emerging markets, political issues, and economic matters as key to global market production. Recommendations signal a strong need for more research that addresses contributive effects in the different economies, starting with the emerging to the developed. Limitations of data availability and inconsistency posed a challenge for this review, yet the use of operationalization, techniques, and analyses from the business literature enabled this study to be an excellent starting point for additional work in the field.

scholarly journals Stiffness and Strength of Stabilized Organic Soils—Part I/II: Experimental Database and Statistical Description for Machine Learning Modelling

Geosciences ◽  
2021 ◽  
Vol 11 (6) ◽  
pp. 243
Author(s):  
Hernandez-Martinez Francisco G. ◽  
Al-Tabbaa Abir ◽  
Medina-Cetina Zenon ◽  
Yousefpour Negin
Keyword(s):  
Machine Learning ◽  
Statistical Analysis ◽  
Portland Cement ◽  
Soil Stabilization ◽  
Data Availability ◽  
Data Repository ◽  
Organic Soils ◽  
Experimental Database ◽  
Soil Mixing ◽  
The Impact

This paper presents the experimental database and corresponding statistical analysis (Part I), which serves as a basis to perform the corresponding parametric analysis and machine learning modelling (Part II) of a comprehensive study on organic soil strength and stiffness, stabilized via the wet soil mixing method. The experimental database includes unconfined compression tests performed under laboratory-controlled conditions to investigate the impact of soil type, the soil’s organic content, the soil’s initial natural water content, binder type, binder quantity, grout to soil ratio, water to binder ratio, curing time, temperature, curing relative humidity and carbon dioxide content on the stabilized organic specimens’ stiffness and strength. A descriptive statistical analysis complements the description of the experimental database, along with a qualitative study on the stabilization hydration process via scanning electron microscopy images. Results confirmed findings on the use of Portland cement alone and a mix of Portland cement with ground granulated blast furnace slag as suitable binders for soil stabilization. Findings on mixes including lime and magnesium oxide cements demonstrated minimal stabilization. Specimen size affected stiffness, but not the strength for mixes of peat and Portland cement. The experimental database, along with all produced data analyses, are available at the Texas Data Repository as indicated in the Data Availability Statement below, to allow for data reproducibility and promote the use of artificial intelligence and machine learning competing modelling techniques as the ones presented in Part II of this paper.

scholarly journals Methods for Estimating Avoidable Costs of Excessive Alcohol Consumption

2021 ◽  
Vol 18 (9) ◽  
pp. 4964
Author(s):  
Beata Gavurova ◽  
Miriama Tarhanicova
Keyword(s):  
Czech Republic ◽  
Alcohol Consumption ◽  
Data Availability ◽  
Excessive Alcohol Consumption ◽  
Public Authorities ◽  
The Czech Republic ◽  
Cost Of Disease ◽  
Lost Productivity ◽  
Excessive Alcohol ◽  
The Cost

Background: Alcohol is a risk factor with serious consequences for society and individuals. This study aims to present methods and approaches that might be used to estimate the costs related to excessive alcohol consumption. It emphasizes the need for general methods and approaches that are easily applicable, because the level of digitalization and data availability vary across regions. The lack of data makes many methods inapplicable and useless. The ease of applicability will help to make cost-of-illness studies and their results comparable globally. Methods: This study is based on data from the Czech Republic in 2017. Drinking alcohol results in costs of healthcare, social care, law enforcement, and administrative costs of public authorities. To quantify the cost of drinking in the Czech Republic, the top-down approach, bottom-up approach, human capital approach and attributable fractions were used. Results: In 2017, the cost related to alcohol was estimated at 0.66% of the national GDP. Lost productivity represented 54.45% of total cost related to alcohol. All cost related to alcohol is considered to be avoidable. Conclusions: The methods and approaches applied to estimate the cost of disease or any other health issue should be generalized regarding the availability of data and specifics of provided services to people who are addicted or have any kind of disability.

A Hybrid Petroleum Fiscal System for Investment in the Exploration and Production E&P of Hydrocarbon

2021 ◽  
Author(s):  
Oghenerume Ogolo ◽  
Petrus Nzerem ◽  
Ikechukwu Okafor ◽  
Raji Abubakar ◽  
Mohamed Mahmoud ◽  
...  
Keyword(s):  
Oil Field ◽  
Cost Recovery ◽  
Oil Price ◽  
Government Revenue ◽  
Profitability Analysis ◽  
Fiscal System ◽  
Exploration And Production ◽  
Host Government ◽  
The Cost ◽  
Spreadsheet Modelling

Abstract Globally, there are two types of petroleum fiscal system; the concessionary and the contractual petroleum fiscal system. The main differences between the two types of petroleum fiscal system is the ownership of the resources and some distinct fiscal terms. The contractual petroleum fiscal system specifies a cost recovery option and profit oil split unlike the concessionary petroleum fiscal system that allows the contractor to recoup his capital before payment of tax. This tends to increase the risk associated with the host government revenue as investment in the production of hydrocarbon is filled with uncertainties. There is a need to redesign the concessionary petroleum fiscal to enable it reduce the risk associated with the host government revenue by making the host government to earn revenue early from petroleum investment. This research therefore evaluated a hybrid petroleum fiscal system for investment in the exploration and production of hydrocarbon. The concessionary petroleum fiscal system was adjusted to include a cost recovery option. Petroleum economic model for investment in a typical onshore oil field was built using spreadsheet modelling technique with the fiscal terms in the hybrid petroleum fiscal system embedded in it. The cost recovery option and oil price in the model were varied between 0-100% and $20-$100 per barrel. The NCF, IRR and payout period of the investment were determined. It was observed that the lower the cost recovery option, the higher the host government revenue. From the profitability analysis of the investment in the hybrid petroleum fiscal system, it was observed that when the price of oil was $100/bbl, the NCF of the host government was $9146 and $8426.3 for 0% and 80% cost recovery option. The lower the cost recovery option, the higher the payout period and the lower the internal rate of return. Though lower cost recovery increased the host government revenue more but it may make the hybrid petroleum fiscal system unattractive for investment in periods of low oil price. Hence a higher cost recovery option was recommended for the use of this type of petroleum fiscal system.

scholarly journals A Re-Examination of Multistage Economies in Hog Farming

2017 ◽  
Vol 15 (2) ◽  
Author(s):  
Joshua D. Parcel ◽  
John R. Schroeter ◽  
Azzeddine M Azzam
Keyword(s):  
Resource Management ◽  
Cost Function ◽  
Cost Efficiency ◽  
Production Data ◽  
Hog Production ◽  
Current Trends ◽  
Production Practices ◽  
The Cost ◽  
The U.S ◽  
Agricultural Resource Management Survey

AbstractCurrent trends in the structure of hog production in the U.S. are toward facilities that are not only larger, but also more likely to be specialized, carrying out only some of the vertically linked phases of production in the same facility. This paper investigates the cost efficiency incentives for these changes by estimating a multistage cost function for hog production. Data are from the Hog Production Practices and Costs portion of the USDA’s 2004 Agricultural Resource Management Survey.

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