National Data Repositories Meet to Collaborate in Azerbaijan

"Managing growing volumes of data generated by the oil and gas industry is a common challenge for all oil regulators around the world. Typically regulators have resolved the problem by establishing National Data Repositories (NDRs). The twelfth meeting of these oil regulators to discuss common issues and problems was held in early October 2014 in Baku, Azerbaijan. The event was hosted by the State Oil Company of Azerbaijan (SOCAR) and it was appropriate that the conference was held in view of the first commercially drilled oil well in the world.  Regulators from 22 countries plus delegates from major oil industry service companies and software suppliers met to share best practices and update the progress made on collaborative projects since the last meeting. More importantly, they discussed how to improve the quality of data delivered to regulators, how to improve the profile of NDRs and how to enhance the value of the data. Data management best practices increase efficiency, leverage new technology developments and improve industry compliance while promoting economic development and protecting the environment ..."