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Abstract
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The present paper explains the qualitative reasons for the importance of data management in upstream oil and gas. It also provides small and concrete examples in which data management can effectively increase value creation in this sector. From another perspective, the rapid evolution of supply chain management as a subset of operations management shows that companies no longer compete in the value chain. The role of data management in drilling as an essential member of the supply chain and refining as the most important common member in the supply chain and value chain, along with the application of data-driven economics and management knowledge have been investigated in this study. The results showed that in 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 right field for data collection must be selected, enough volume of data must be collected, data collection must have suitable collection velocity and finally, the data needs to have updates. In this way, the company can provide the necessary grounds to obtain reliable results.
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