New Directions for Oil & Gas Digitalization: What Opportunities for Subsurface?

Abstract

While it’s apparent from industry announcements that oil and gas is fully embracing a more digitalized approach to many aspects of its business, it’s less clear what this means in practical terms. IHS Markit first offers a perspective on past digitalization efforts before highlighting the shifts that are underway. These new directions include an increasing prominence of technologies such as Advanced Analytics and Robotics/Drones, more predictive and automated workflows, and greater digitalization-enabled integration across functional and organizational boundaries – all resulting in real value for E&P organizations. These emerging capabilities offer substantial opportunities across the E&P value chain, with Subsurface an especially prominent target, if companies can get the technical and organizational components right.

AAPG Datapages/Search and Discovery Article #90327 © 2018 AAPG Middle East Region GTW, Digital Subsurface Transformation, Dubai, UAE, May 7-8, 2018