Problem Statement
Geoscience data is complex to manage, and huge in volume. Industry practice in sharing this data was massively inefficient, expensive, and insecure.
Aims
Enable geoscience information to be shared between UKCS Licence partners quickly, securely, and inexpensively.
Method
CDA established UKOilandGasData, an internet-based platform to which technical well and seismic information could be loaded, securely shared with partners and the regulator, and transferred between companies following M&A activity.
Eliminated cost through secure, centralised storage, preservation, and sharing of critical geoscience information
Eliminated regulatory burden through automatic compliance with data reporting regulations
Eliminated data breach risk by avoiding manual distribution of confidential data to Partners
Enabled secure, discrete access to released geoscience data in support of M&A activity
Simplified and speeded up secure transfer of technical data after asset sales
Facilitated the preservation and curation of industry-critical data for generations to come
Total Savings Anticipated
>£300 MILLION