Cloud-based Analytics: Did Someone Say Cost Discipline?

The E&P sector is increasingly looking at digital options to boost its performance. The trend is not a new one as it has been playing out for a number of years, but technology is advancing and the uptake of digital tools such as cloud-based analytics have increased recently as E&P companies have pursued cost discipline.

“There has been an accelerated uptake of innovative cloud-based technologies across many oil and gas companies since early 2021,” Fennex Director of Business Strategy Nassima Brown told Hart Energy. “This has been enabled by the high computing power delivered via cloud platforms.”

Cloud-based analytics offer a more efficient option for dealing with the large volumes of data that E&P companies typically generate—and in some cases, still store physically.