ABSTRACT
After diving into different aspects or 6Vs of big data in petroleum industry’s each segment and operation, this chapters focuses on grasping the benefits of big data in the industry as a whole along-with specific operations, namely, Geoscience, Exploration, Drilling, Reservoir Studies, Production, Transportation, Petroleum Refinery, Natural Gas, Health and Safety & Finance and Financial Markets. Moreover, in lieu of the industry’s transition into digitization alongside its widespread implementation, it is vital to shed some light on the benefits gained from the same. This chapter provides a brief explanation on the benefits of big data while providing the reason for each of them in petroleum operations with respect to real-world implementation. The chapter will equip the reader with comprehensive understanding of all spectrums of benefits of both industry-wide and operation-specific big data implementation.
