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.Î¾ 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.Î¾ 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.Î¾ 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."Î¾
Hubbard says having standards allows for quicker access to data by energy companies.Î¾
"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.Î¾ What do you do with the mass of data?Î¾ How do you structure it so that it's easily usable and understandable on the receiving end?Î¾ 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.Î¾
Ed Mayberry, KUHF Houston Public Radio News.