06 Feb 2018

Quantico Energy Solutions and TARGET Announce Technology Alliance

HOUSTON, TX, and MUSCAT, Oman February 6, 2018

Quantico Energy Solutions (Quantico), a leader in artificial intelligence (AI) solutions for the Upstream segment of the oil and gas industry, and TARGET, an oilfield services company specializing in digital transformation technology and enablement, today announced a strategic alliance to leverage their respective technology offerings in data management, geoscience consulting and artificial intelligence solutions for the global oil and gas industry.

The alliance between Quantico and TARGET will allow Quantico’s customers to streamline the resources involved in large data-driven deployments, and TARGET’s customers will be able to extract more value from their subsurface data via Quantico’s artificial intelligence capabilities.

For Asset Managers who want to reduce LWD costs, improve drilling efficiencies and downscale seismic interpretations, the ability to access Quantico’s suite of subsurface solutions through TARGET’s cloud-based MEERA platform offers a range of benefits: from significant reductions in project set-up times and execution times, simplified workflows with enhanced quality controls for data preparation, to better AI integration with other subsurface projects and faster results.

“Quantico continues to seek best in class solutions and partnerships that fit the needs of our customers worldwide,” said Barry Zhang, CEO of Quantico. “TARGET’s data management and geoscience consulting expertise will help us deliver an integrated artificial intelligence solution and also provide the in-country presence that major oil companies expect from their leading service providers.”

“Realizing the benefits of true digital transformation is a key goal of many of our customers this year,” said Matthias Hartung, President of Digital Transformation at TARGET. “Quantico’s AI tools are an important addition to our technology partnership program, bringing further innovative capabilities to our customers through the range of tools we offer within our platform.”

Quantico offers a suite of artificial intelligence-based solutions for geophysics, reservoir engineering, formation evaluation, drilling and completions. With commercial work on over 150 wells in US Land, the company recently has been growing its international business with projects in the Gulf of Mexico, the North Sea, Australia and the Middle East. The growth opportunities demonstrate the value that artificial intelligence can deliver to the subsurface segment of the oil and gas industry.

TARGET provides scalable cloud technologies to oil and gas customers through its MEERA platform, which allows large scale datasets to be managed, curated and analyzed online.

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11 Sep 2017

Matthias Hartung Joins TARGET as President, Digital Transformation

Leading expert to inspire change in upstream data delivery

MUSCAT, OMAN11, September 2017 – TARGET announces today the appointment of Matthias Hartung as President of Digital Transformation with effect from 11 September. Matthias, who previously worked for Shell as Vice President Technical Data, is a world-leading expert in upstream oil and gas data management. His appointment reflects TARGET’s commitment to addressing the current call for increased capital efficiencies in upstream operations through digital  transformation, and underlines the strategic growth path for the company.

During his time at Shell, Matthias lead efforts to establish working practices to modernize the delivery of technical data to a global team of users, and to improve the quality of data assets in support of business targets such as reductions in non-productive time, process safety and increases in production. He has also worked extensively with industry bodies to agree and develop data exchange standards, and to promote quality in the data management profession.

‘We are enormously proud to have Matthias join our organization,’ said Ali Al Mujaini, TARGET CEO. ‘He brings with him unparalleled experience in his domain, a total commitment to quality and a proven track record in delivering successful results. Inspiring people and organisations to embark on a process of change is a big challenge in our industry right now. They need a trusted advisor to turn to, and I believe that Matthias will serve our customers extremely well in this capacity.’

Matthias is recognised for his passion for bringing technology to business and developing people. ‘Our industry is poised for change. Since the downturn, many companies know they have to transform their operations to realise the benefits that digital technology can deliver, but most are still spectators,’ he said. ‘Once you recognise the impact that digital strategies can have on operating efficiencies and bottom-line results, regardless of your starting point, this process of change can be incredibly rewarding for everyone involved.’

Matthias’ organisation will focus on enabling digital transformation within companies, both by helping them to identify the strategic outcomes they want to achieve through the process, and by defining holistic digital solutions to meet individual customer requirements.

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02 Jun 2017

TARGET Energy Solutions is a Platinum Sponsor at NDR, Stavanger – Norway

National Data Repository 2017
June 6 – 8, 2017
Norwegian Petroleum Directorate (NPD), Stavanger, Norway

The National Data Repository Work Group meetings are held regularly as a platform for member countries and companies from around the world to meet and discuss topics and issues unique to the area of data management for national repositories.

This will be the 13th meeting of government regulators, petroleum industry experts and others to discuss the collection and storage of increasing volumes of data associated with oil and gas exploration and production around the world. Regulators have long realized that collecting and storing data is not a competitive activity. Collaborating on business processes, such as data quality, and the related standards for data exchange can deliver real benefits and costs savings.

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08 May 2017

TARGET Energy Solutions Achieves PPDM Gold Compliance

CALGARY, Alberta, April 12, 2017 – The Professional Petroleum Data Management (PPDM) Association announces that TARGET Energy Solutions has achieved Gold Compliance with their MEERA™ Master Data Repository product, version 3.5. The official Compliance Score is: TARGET, MDR, 3.5: CRC V3.9 – 321:154:145 GOLD 100%.

The MEERA™ Master Data Repository (MDR) is an integrated, extensible, master data management service. MDR is targeted at oil and gas regulators and operating companies who need to manage master seismic and wells datasets at regional, national and international scales. It is designed to provide a complete end-to-end online service for regulators and operators to implement a robust platform for data management and governance.

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09 Sep 2016

TARGET sponsor the ‘Future Working Zone’ – PETEX 2016

 

PETEX is the largest subsurface-focused E&P conference and exhibition in the UK, attracting thousands of delegates from across the region and from a range of industry sectors.

This year, TARGET is sponsoring the ‘Future Working Zone’ – a new area dedicated to providing visitors with a range of talks outlining a vision of how people in our industry will interact with data and information in their daily working lives going forward.

At TARGET, we believe that we are on the cusp of a new era – our world is transforming. Low oil prices have forced our industry to reevaluate CAPEX spend on expensive large-scale IT infrastructure, and increasingly companies and organisations are looking to cloud services to deliver technology and data services to their users.

Recently, you may have been hearing more about ‘Digital Transformation’. This describes a business strategy which involves moving information, processes and operations online in order to maximise data capture and analysis opportunities, which in turn can be fed back into decision-making at key stages to optimise business performance.

Our MEERA Platform has been designed specifically to feed users with a steady stream of online data, accessed from multiple libraries, maps, projects, assets and individual contributors to make finding the information you need to make well informed decisions a whole lot easier.

Find us at the Future Working Zone where you can hear what we think about digital transformation from Jamie Cruise, Tom Dombrovsky and Thibault Uzu – every day at 1.30pm.

For more info, go to: www.petex.info or download the show programme.

 

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