Vendor-neutral technology consortium The Open Group has released a new open-source data management platform for the energy industry.
The OSDU Data Platform Mercury Release provides access to a range of open and proven vendor-developed applications. Its technology-agnostic and open-source approach means any company can contribute new features to the platform
Instead of companies having to develop and maintain their own architecture, The Open Group said the platform will help stimulate innovation, industrialise data management, and reduce time to market for new solutions.
The platform was developed as part of the Open Group OSDU Forum, which supports the energy industry to develop the technology needed to aid the global energy transition.
All work is validated by the OSDU Program Management Committee (PMC) to ensure it is aligned with the overall direction of the forum.
By offering a single set of industry-specific APIs, organisations can accelerate platform design and develop proprietary applications on top of the OSDU Data Platform.
The Mercury Release of the OSDU Data Platform will help operators and software developers who want move data from traditional silos and make all data discoverable and usable in a single data platform.
In addition, it can help enable new integrated exploration and development workflows that reduce overall cycle time, and take advantage of emerging digital solutions to provide scalability and accelerate decision making.
President and CEO of The Open Group Steve Nunn said: “The OSDU Data Platform Mercury Release represents an important achievement by the OSDU Forum in a very short space of time.
“Established in 2018, the OSDU Forum has accumulated over 185 Member organisations who are collaborating together to accelerate innovation and reduce costs in the energy sector. With a standard data platform, energy companies will be able to drive innovation by integrating digital technologies and utilising open standards for better decision making.
“Looking ahead, this will be imperative to meet the world’s increasing energy demands while reducing greenhouse gas emissions.”
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Shell GM Emerging Digital Technologies/VP IT Innovation Johan Krebbers commented: “At the heart of most energy companies’ strategies is embracing the transformational technologies taking us forward in today’s digital era. This makes the need for a common architectural design clear, one that underpins how our industry works with its data.”
In addition, BP EVP Innovation & Engineering David Eyton commented: “Data is at the heart of BP’s transformation into an integrated energy company. We believe that the future of the energy industry will be data driven and dependent on its ability to manage data in a manner that promotes data sharing with partners, innovation through data science, and rapid decision making throughout the lifecycle of the energy value chains.
“Being a founding member of the OSDU Forum, BP has had an opportunity to be part of an organisation that is fundamentally changing the data landscape for our industry. By integrating energy organisations, cloud services providers, and software vendors, the OSDU Forum is providing an opportunity for collaboration that will be beneficial for all involved.
“We are very excited about the Mercury Release of the OSDU Data Platform and look forward to expanding this approach into engineering, emissions, and new energy.”
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