Tarmin And IBM Help Premier Oil Manage Rapidly Growing Unstructured Data, Reduce Storage Cost, Simplify Compliance And Increase Business Agility
CAMBRIDGE, Mass. and ARMONK, N.Y., July 12, 2013 /PRNewswire/ -- Premier Oil plc, a leading FTSE 250 independent upstream oil and gas company, has selected Tarmin, Inc., a leading provider of Data Defined Storage solutions, IBM and Eurotech Computer Services for an ongoing big data project to manage unstructured data in the Information Management Department. Premier aims to store its rapidly growing data, consolidate disparate repositories and archive and retain business critical information in a secure and reliable platform in order to reduce escalating storage costs, address information security and compliance concerns, and streamline management and integration of post-merger digital assets. The combined Data Defined Storage solution represents the first customer win in a multi-year agreement between IBM and Tarmin to bring a joint solution based on Tarmin GridBank and IBM Systems. The solution will enable Premier to gain competitive advantage through better exploitation of its unstructured geological seismic data as a strategic business asset.
With significant operations in the North Sea and Asia, Premier is a fast growing participant in the global upstream oil and gas (O&G) market. Premier's sophisticated geophysical modeling processes, expansive geologic image library and growth through acquisition have resulted in a significant increase of data across its internationally distributed network of facilities. In order to ensure the highest levels of data accessibility, security and long term integrity across the entirety of its intercontinental operations, Premier selected the joint Tarmin and IBM Storage solution after considering a number of different vendor offerings.
"We feel that the new approach to unstructured data management, that GridBank offers, will optimally position us to respond to new opportunities in oil and gas exploration, development and production," said David Edwards, Group Head of Information Services at Premier. "The integrated IBM and Tarmin solution delivers multiple data management objectives in a single, cohesive offering."Premier's volume of data, generated through oil and gas exploration, are growing ceaselessly, driven by new technologies and increasing sensor resolution. These factors are compounded through acquisition of digital assets across heterogeneous arrays of storage hardware through M&A activity. This leads to challenges associated with data discovery, on demand access, exploitation of data and a need for a single point of truth across the organization, key differentiators in ensuring that Premier is able to underpin business growth through identification and exploitation of opportunities. The joint Tarmin and IBM multi-TB, multi-site Data Defined Storage solution takes a data centric approach to providing media independent data storage, distributed Object Dedupe, compression and encryption, archival and tiering, failsafe replication and unified search across 500+ file types, including O&G specific formats, ensuring high availability continuous access to previously siloed data, trapped in remote data centers.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts