Risk and privacy issues of digital oil fields in the cloud

Abstract

Considering the complexities of digital oil fields in the cloud, oil and gas industry is still geared to migrate to the cloud because of the various advantages in exploration and production information delivery, collaboration and decision- support. However, for an effective migration to cloud environment, it is paramount that a set of clear metrics based on business analytics objectives are defined. Once a comprehensive and systematic identification, evaluation and assessment of risks to the enterprise cloud operations is conducted, a responsive risk management framework is called for. The research into a responsive risk management framework commensurate with the requirements of the modern internet and Information Technologies and global cyber space is a multidisciplinary and multi-stakeholder task. This paper aims to review risk and privacy issues of digital oil fields in the cloud and introduce advanced responsive risk management architecture for the modern cyber space applications such as digital oil fields.