Today the OOC Oil & Gas Blockchain Consortium announced it completed a blockchain pilot with Data Gumbo for automating water management at the Bakken shale field in North Dakota. The trial was able to reduce process workflow to less than a week from 90-120 days.
The OOC Consortium consists of ten prominent oil and gas players such as Chevron, ConocoPhillips, Equinor, ExxonMobil, Hess, Marathon Oil, Noble Energy, Pioneer Natural Resources, Shell and Repsol. The Consortium contracted Data Gumbo last year to use its GumboNet blockchain platform for recording data about wastewater disposal.
The pilot was run at five Equinor wells and involved a water logistics and transportation company and a midstream disposal company. The Consortium was able to reduce the processing time drastically due to automation using blockchain. For water volume measurement, the solution was able to automate validation for 85% of the data.
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