DATA GOVERNANCE IN OIL AND GAS INDUSTRY: AN EMPIRICAL STUDY OF CPC CORPORATION, TAIWAN

  • Author
  • Huei-Chu Liao
  • Co-authors
  • Sheng-Yuan Lan , Jhe-Ming Yang , Shu-Chuan Lin
  • Abstract
  • In an era dominated by rapid technological advancements, the abstract underscores the importance of data governance and digital transformation in the energy sector, particularly within the oil and gas industry. It highlights CPC Corporation, Taiwan's (CPC) efforts to modernize its data management through advanced data technologies and automated Extract, Transform, Load (ETL) processes. CPC's initiative aims to integrate diverse data sources into a unified data warehouse, enhancing its operational efficiency and decision-making capabilities. This approach involves streamlining data from various origins, including operational, IoT, sales, and market analysis data, into a comprehensive system that supports strategic business decisions and operational optimization.

    The methodological framework detailed in the paper includes the deployment of automated ETL processes, API utilization for seamless data ingestion, and a hybrid model of cloud and on-premises data storage to ensure scalability, security, and regulatory compliance. Additionally, the adoption of a data lake architecture allows for the flexible handling of raw data, providing a significant edge in data processing and analysis.

    The results of this integration have been transformative for CPC, yielding enhanced supply chain management, improved equipment maintenance through real-time data, and a holistic view of the energy market. These improvements have led to more dynamic production strategies, reduced waste, and better resource allocation, ultimately bolstering the company's sustainability and reducing operational costs.

    In conclusion, CPC's journey towards a unified data warehouse exemplifies the critical need for the oil and gas sector to adopt advanced data integration technologies. This strategy not only improves operational efficiency and market responsiveness but also positions companies better in a rapidly evolving energy landscape. CPC's success story serves as a compelling argument for the transformative potential of embracing digital and data-driven approaches in the energy sector.

  • Keywords
  • Data Governance, ETL, Data Processing, Data Pipeline, Oil and Gas, Energy Transition
  • Modality
  • Pôster
  • Subject Area
  • Disruptive innovation and energy transition
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  • Energy and Macroeconomics
  • Energy Subsidies
  • Transportation and (e-) mobility
  • Nuclear Energy in Latam
  • Oil and Gas Markets and Investments
  • Energy Security and Geopolitics
  • Electricity markets
  • Energy and finance
  • Energy demand
  • Country studies
  • Energy and society
  • Energy Policy and Regulation
  • Climate Change: mitigation and adaptation
  • Disruptive innovation and energy transition
  • Energy and macroeconomics
  • Local governments
  • System integration
  • Energy and transport
  • Regional energy integration
  • LNG Markets in Latam
  • Social Dimensions of Energy Transition
  • Variable Renewable Energies
  • Distributed Energy Resources
  • System Integration, Energy Networks and Resilience
  • Energy Investment and Finance
  • Energy Market Design
  • Technology, Innovation and Policies
  • Low Carbon Hydrogen
  • Bioenergy and Biofuels
  • Energy and Development
  • New Supply Chains
  • Future of Utilities
  • Energy Efficiency
  • Energy Modeling
  • Energy and Macroeconomics
  • Energy Subsidies
  • Transportation and (e-) mobility
  • Nuclear Energy in Latam