Elsevier, the information analytics business specialising in science and health, has announced an expansion of Geofacets, its information solution for exploration and development, with the addition of content from the Indonesian Petroleum Association (IPA). Elsevier's collaboration with the IPA will double the amount of information available to users in Indonesia by increasing the current number of maps and data assets by 10,000, helping reduce exploration risk in the region.
Indonesia retains vast oil and gas reserves including seven billion barrels of oil and 150 trillion cubic feet of gas, valued at approximately 120 billion USD. Yet many of the country's existing fields are aging and late in their lifecycle. Geoscientists need access to a wider range of accurate data assets to gain actionable insights to discover and assess the potential of new extraction sites.
Indonesia urgently needs new oil and gas reserves, as demand increases and production from mature fields decreases, according to Gilad Hoshen, Senior Product Manager of Geofacets at Elsevier.
The initial 3,000 plus maps are from the Proceedings of the Indonesian Petroleum Association (2010-present) and were available on April 26. Additional content will be added by July 2018, raising the total number of available maps, figures, and tables in Geofacets to over 1.75 million.
Geofacets helps oil and gas companies prioritise opportunities, optimise resources, and manage risk. It combines a vast, vetted library of maps, figures and tables with powerful location-based search, so companies find information fast.
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