Big data in the oil & gas upstream industry - a case study on the Norwegian continental shelf

This case study is focused on the impact of
big data in exploration and production of oil
& gas in the Norwegian Continental Shelf.
Overall, the industry is currently transitioning
from mere data collection practices
to more proactive uses of data, especially in
the operations area. Positive economical impacts
associated with the use of big data
comprise data generation and data analytics
business models, commercial partnerships
around data, and the embracement of open
data by the Norwegian regulator. On the
negative side there are concerns regarding
the future of existing business models and
the reluctance of oil companies to share
data. Positive social and ethical impacts include
mitigation of safety and environment
concerns with big data, personal privacy not
really a problem, and creation of new jobs
for data scientists; on the other hand cyberthreats
are becoming a serious concern and
there are trust issues with data.