As with many oil and mining organisations, the business is aiming to harness the infrastructure offered by as-a-service cloud providers so its executives can move their attention to harnessing the insights derived from digital technology, rather than providing and supporting it.
The deployment of analytics enabled through cloud-based models is also helping resources companies reach operational excellence by comprehending and responding to real-time information.
What used to take days or weeks now takes hours or minutes.
Companies can analyse critical data such as equipment breakdowns, infrastructure damage, and even operator fatigue in real time.
That translates into huge cost savings, improved workplace safety, and much greater efficiencies.
Earlier this year, Woodside Energy revealed it is using a Google cloud platform to process seismic image data taken to reduce the time to identify potential fields.
As the data images are very large, it would have previously taken 12-18 months to develop for the exploration team.
While also improving the image clarity, the implementation of cloud capacity has allowed Woodside’s team to reduce production time to 4-8 weeks, and has significantly enhanced their ability to identify and act on untapped fields 2 .