Today more companies are moving toward formal knowledge management (KM) systems. But what does that mean, what does it entail, and what are the benefits for oil and gas companies and their knowledge developers such as geophysicists?

To realize the companywide benefits of KM, it's important to first understand what it is. Knowledge is the special information that a company uses to better meet its goals and objectives. Therefore, KM is the systematic process of managing that special information to maximize project results at any point in the E&P cycle. Knowledge is not data or interpretation; it is what is...

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