Oseberg, a leading SaaS and data intelligence company in the oil and gas industry, announced the creation of a new consulting practice dedicated to delivering actionable data intelligence from physical and scanned documents.
Dean Williams, a former IHS Markit executive with over 25 years’ experience in upstream Oil & Gas, has been hired to lead this business unit. “We are thrilled to launch this new practice and welcome Dean Williams to our team,” said Evan Anderson, CEO at Oseberg. “We can now apply Oseberg’s expertise in extracting text from document images using machine learning to unlock opportunities trapped in proprietary documents just as we have with public data.”
Oseberg combines deep upstream land, legal, and regulatory expertise with the same machine learning they have matured that extracts valuable information from millions of public documents. The approach and technology is being used e.g. by one of the largest management consulting firms in the world to better understand well economics and macro cost trends in the service sector. Customers are also determining shallow/deep rights, potential breaches of covenants found within oil and gas leases and solving complex questions like open acreage in Texas and current spacing in Oklahoma.
“I am excited to join the Oseberg crew and to be on the cutting edge of data capture technology using AI and machine learning. This is an entirely new way to think about the role of data and information currently trapped in documents. We’re providing the power to discover and unlock business opportunities by applying data science workflows that go well above and beyond basic data analytics. Oseberg has created an innovative process that allows the industry to rapidly create unique datasets in a very short time,” explained Mr. Williams. “Consulting is our bridge to bring this expertise and process to our customers’ proprietary documents and workflows.”