Handing control of industry intelligence back to E&P professionals
It’s long been an open secret in the oil and gas industry that getting hold of business intelligence would typically involve a costly subscription commitment from one of a handful of big research firms. Even then, the task of locating exactly the information needed often required the skills of a specialist researcher. Compounding the problem were also potential issues around the veracity and timeliness of data, as well as expensive subscriptions often providing superfluous and unwanted services and data.
Francis Cram and Simon Lunn, frustrated with trying to access industry data to support their work at a small UK independent, decided there must be a better way. By 2015 MapStand was conceived as a more democratic upstream industry intelligence source enabling much greater access to vital E&P data.
After 4 years of intense development work, MapStand launched its E&P business intelligence platform in October, unlocking previously hard to access but essential upstream information for oil and gas professionals. As with other business disruptors, MapStand is changing the rules. In a world-first, the MapStand platform provides access to free, real-time and trusted upstream industry intelligence. Easy to navigate, users have comprehensive data on global E&P activities at their fingertips, opening a world of project opportunities.
Enabled by powerful and geo-related search capabilities, users can locate precisely the information they need on E&P projects, licenses, assets, infrastructure, events and planned activities as well as new exploration opportunities.
And in a departure from traditional E&P industry databases, users can also upload their profiles and can link them to relevant projects and assets to further highlight skillsets. Geo-tagged daily news feeds also keep users up to date with global E&P events, putting industry news into context on the map. The platform will soon enable users to connect with their peers and industry experts to directly share knowledge and experience.
“The MapStand platform is designed specifically from the user’s viewpoint”, said Francis Cram, Founder & CTO, MapStand. “We aim to lift the barriers and frustrations involved in gaining genuinely useful insight into E&P activities, helping professionals engaging with the sector to make informed decisions and contribute to rapid innovation.”
Individual subscribers have free access to MapStand’s global activity map to search project and company information; receive live upstream oil and gas news feeds; upload their profile; and will be able to connect with other professionals. A paid professional level subscription will provide access to advanced functionality and resources.
A further fee-based subscription will enable enterprise subscribers to directly stream or download digital data layers into their own in-house systems or to their projects, without the need for special tools or software and under flexible data licensing terms.