Cloud Computing for the Energy Industry

Cloud Computing – is it just another buzzword, or can it actually add value? And, more importantly, can it drive immediate cost savings and competitive advantage for E&P, midstream and energy services companies in particular?

The term “Cloud Computing” refers to individual companies utilizing pooled, Internet-based servers, software and other information technology resources “on demand” in order to capture economies of scale. Data security is maintained through an architecture known as Multi-Tenancy – just like condominium owners can share the same building, with each owner maintaining security and privacy by having an individually keyed and locked door.

The alternative to Cloud Computing is for each company to buy and manage its own its own servers, routers, network equipment, software, etc. needed to run the business. This approach, of course, requires significant up-front capital and may entail higher upkeep and maintenance costs over the long term.

Cloud Computing, on the other hand, provides a very effective and affordable way for small, medium and even large energy industry companies to leverage the very best technology at a fraction of the up-front cost required to build, install and manage it on premises. At the same time, “Private Clouds” can serve as an effective strategy for organizations to leverage their existing / previous investments in data centers, networks and web-based software applications.

Since its founding in 2001, Enbase has exclusively developed Internet / Cloud-based technology for E&P, midstream and energy services companies. Each and every Enbase application and Digital Oilfield technology is ready for public or private cloud deployment. So whether you have a specific solution in mind, or would simply like to discuss your Cloud Computing strategy in general, Enbase is the company with the technology experience and energy focus to deliver.