The third annual Energistics Standards Summit at the Intercontinental Hotel was an opportunity for some 200 industry leaders from around the world to better implement and deploy open-data exchange standards industrywide. Jerry Hubbard is with Energistics.
“Data exchange centers allow companies to interact with each other, to hold their data in the same structure and exchange that between products. So if you’re drilling an oil well and you’re turning to the right in the Gulf of Mexico and you have a real-time center on shore, the exchange of information from the rig to the onshore real-time center is in a standard. And that standard is used by all vendors on the rig and therefore it’s easily archivable by the energy company and easily reusable at another time by the energy company.”
Hubbard says having standards allows for quicker access to data by energy companies.
“This firehose of information that comes out of the wells in drilling a well and in producing a well is overwhelming to the energy companies. What do you do with the mass of data? How do you structure it so that it’s easily usable and understandable on the receiving end? That’s been the challenge, and the challenge has been met by using open-data exchange standards between industry groups.”
The standards are freely available because the energy industry pays for development of standards that are used around the globe.
Ed Mayberry, KUHF Houston Public Radio News.