The Oil and Gas industry accounts for hundreds of billions of dollars every year in global economic activity. In an industry of this magnitude, sophisticated document management and workflows are crucial. WAND has developed and released a taxonomy specifically for the oil and gas industry as a foundation for a strong corporate metadata model.
The WAND Oil and Gas Taxonomy includes 1513 terms with 270 synonyms covering upstream and downstream terminology and documents for the petroleum drilling industry. Processes, concepts, functions, business areas, equipment and supplies are all covered in this taxonomy.
As with all WAND foundation taxonomies, an oil and gas company can start with this taxonomy and quickly customize it with terminology specific to its organization. This dramatically speeds up a metadata and taxonomy initiative.
Source: Wand Inc.