The Flare Taxonomies provide the most robust, comprehensive knowledge map of the E&P business available today. The Taxonomies are comprised of thousands of terms (valid values), relationships, synonyms and aliases to help E&P professionals tag, catalogue, publish and ultimately find their E&P information assets.
The Taxonomies can be licensed as a stand-alone product or integrated with other Sirus modules.
What is a taxonomy?
A taxonomy is a hierarchical list used for classifying things. The Flare Taxonomies are designed to classify all kinds of E&P information but additionally they are associated to one another to create rich semantic relationships between the elements. These business relationships make the Flare Taxonomies much more effective than a simple hierarchy with controlled vocabulary and provide a unique and powerful way to represent knowledge.
Asset classification – the asset taxonomy
Flare’s asset relationship taxonomy supports the business assets typically found in the E&P environment, such as wells, fields, licenses, and basins and is fully configurable to meet individual client requirements. For each asset the company standard name is used as well as aliases including industry names, UWIs and short names. The Catalog user interface allow users to browse and select these assets and utilises the inter-relationships between lists to subset the values displayed; e.g. selecting a country from the country list will limit the fields and wells displayed.
E&P classification – the contextual taxonomy
Flare’s E&P classification methodology is based on the concept of ‘Product Types’, the common information items created by people in the industry. To date over 6,000 product type values have been defined, each one being attributed with a unique name and, in many case, a number of aliases to facilitate searching, as well as defined relationships to other attributes in the taxonomies.
Each entry can contain industry aliases, company specific aliases, foreign aliases, acronyms and examples as well as its relationship to other values.
- Provides standard reference terms (values), with synonyms, for keywords, asset names and E&P deliverables to ensure long-term consistency and searchability of information
- Improves user search precision (accuracy of results) and recall (completeness of results)
- Underpins structured, metadata-driven metrics to measure what information items exist, what is missing and what does not exist
- Provides the structure to support auto-classification tools
- Provides an extensive framework for custom extensions and machine learning
- Is the result of more than 10 person years work and has been used by thousands of E&P professionals
- Is significantly more cost-effective than developing a first-draft, in-house taxonomy
- Extensive coverage - of the E&P business
- Comprehensive - with more than 6,000 E&P products, 15,000 keywords and over 400,000 relationships
- Related hierarchical terms - including synonyms, acronyms and examples as well as disambiguation logic
- Client-specific terms - accommodated as aliases or as proprietary extensions to the standard taxonomies