Oil and gas company land departments must manage increasing volumes of land data from which they must derive intelligence. Leading companies streamline the integration of land assets, have efficient land services functions, and generate business insight from land data.
Overcoming the onslaught: With the volume of land and lease data increasing, integration becomes a key factor
Oil and gas company land departments are challenged to manage unprecedented volumes of land data and create insight and intelligence with these data. Despite recent growth, land data management practices have been slow to evolve. The management of land data remains dominated by local individualized approaches that are heavily dependent on Excel spreadsheets and individuals' knowledge. This approach is not sustainable given the high level of activity driven by acquisitions and divestitures.
Leading companies are transforming their land departments through three distinct steps: