The oil and gas industry is drowning in data. Oil & gas operators routinely collect various kinds of data: flow rates, temperature, pressure, drill speed, failure rates, subsurface characteristics and more. But how is the industry putting this data to work? New analytical techniques drawn from the fields of statistics and computer science can help oil & gas companies make sense of the data deluge to make more efficient and effective development and production decisions. What’s the Big Deal with “Big Data”?
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