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Tuesday, April 11, 2017

Big Data and Deep Learning: Industry Downturn Means Uptick in New Analytics

From the Midland Register Times / April 2...
 Permian Basin operators are drilling deep and long — laterals — in order to recover more of the region’s crude and natural gas.

They’re also going deep — as in deep learning — as part of those efforts.

High-tech advances such as big data, deep learning and artificial intelligence are increasingly finding their ways into upstream exploration and production operations. For example, Exxon Mobil Corp. recently set a record for high performance computing for reservoir simulation.

Big data
Technological advances have created a wide spectrum of data for operators that goes far beyond well logs, seismic surveys and pressure readings.

“(It’s) massive amounts of data generated by different methods,” said Susan Nash, director of education and professional development with the American Association of Petroleum Geologists.
 “It’s so massive it’s contained in the cloud and other ways of organizing the data.”

That data can come in structured form, as in databases, or in unstructured forms, as in emails or PDFs, anything that can be digitized, she said.

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