data management in upstream industries and supply chain and value chain: a collection of theories in the oil and gas industry

The present paper explains the qualitative reasons for the importance of data management inupstream oil and gas. it also provides small and concrete examples in which data management can effectivelyincrease value creation in this sector. from another perspective, the rapid evolution of supply chainmanagement as a subset of operations management shows that companies no longer compete in the valuechain. the role of data management in drilling as an essential member of the supply chain and refining as themost important common member in the supply chain and value chain, along with the application of datadriven economics and management knowledge, have been investigated in this study. the results showed thatin addition to the need of upstream and downstream parts of the oil industry for data collection and analysis,the collected data must meet these conditions: it must be collected at the right time, the appropriate field fordata collection must be selected, enough volume of data must be collected, data collection must have suitablecollection velocity and finally, the data needs to be updated. in this way, the company can provide thenecessary grounds to obtain reliable results.