Business Processes Related to Data Management and Governance in the Oil and Gas Regulator
Optimizing Efficiency and Compliance: A Deep Dive into the Critical Business Processes Surrounding Data Management and Governance within the Oil and Gas Regulatory Framework
Data collection: Field data collection teams gather information about oil and gas industry operations from various sources, including companies operating in the sector. Data can also be obtained from relevant government agencies, field surveys, and company financial reports.
Initial Data Processing: The collected data is then initially processed to eliminate duplicates, normalize formats, and ensure adequate data quality. This initial process is carried out using appropriate software and database management systems.
Data Validation and Verification: Assigned teams validate and verify the collected data to ensure its accuracy and relevance. This process includes data rechecking, consistency testing, and direct verification with relevant parties.
Data Storage: Validated data is stored in a centralized data management system. The Oil and Gas Regulator employs secure and distributed data storage technology to ensure data security and availability.
Data Analysis: Stored data is then analyzed to generate insights and useful…
