Sectors

Big data needed for big oil: experts

07th Dec `13, 04:32 AM in Sectors

BEIRUT: As Lebanon gets ready to host a surge of oil industry giants to bid on drilling contracts…

BDMS
Guest Contributor
 

BEIRUT: As Lebanon gets ready to host a surge of oil industry giants to bid on drilling contracts next month, experts are warning that if it doesn’t focus on big data and educate its workforce on how to use it, the country could miss out on its potential as a serious player in the oil sector.

“There’s a growing importance of technology in oil and gas – in sensors, storage, connectivity, processing, and performing dangerous and high-cost tasks,” said Stefano Martinotti, partner at the management and consulting firm McKinsey & Co. Abu Dhabi, speaking Friday at a conference on the significance of big data.

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