The oil and gas industry is facing intense pressure to improve operational efficiencies as oil prices continue to fluctuate. Achieving a breakthrough in production performance demands a fresh perspective on field operations with digital innovation.
Unleashing the Power of Digital
The perspective in the Oil and Gas industry has shifted to view digitization as a critical component of core business. As this video from PwC shows, the industry has been very conservative in implementing smart field technology.
Drilling for data: Digitising upstream oil and gas
Although many oil and gas companies are trying out new digital ways of working, no one can claim to have “cracked it” just yet. We believe there are some basic guiding principles that companies should consider when developing their digital business models.