Make better drilling decisions through quick access to accurate digital well data
Upstream oil & gas companies spend huge efforts on data management and analysis to make critical drilling decisions. With reducing ROI on drilling and with enormous data volumes (over 200 PB), extracting relevant information takes anywhere from 4 to 7 hours. Inadequate use of available data results in poor decision-making; and consequential equipment damage, drilling delays and lower chances of finding oil.
Wipro HOLMESTM helps automate information search and retrieval process by digitizing well logs, core samples data and geophysical data. Through use of domain ontology and smart OCR, it auto-classifies unstructured data, makes corrections to improve its quality and contextually extracts information in required format. It also helps analysts and geologists in analysis and generating reports that bring accuracy to decision-making process, while improving turn-around time by over 60%.