Upstream Digitalization Whitepaper
A key step towards unmanned operations
DIGITAL TRANSFORMATION CAN MAKE UPSTREAM PRODUCTION SIGNIFICANTLY MORE EFFICIENT AND PROFITABLE
Upstream digitalization can reduce manpower requirement of oil & gas fields by as much as 80% while also improving revenue by up to 15%. In our experience, investments in digital transformation can be paid back in less than five years, thereby making a very compelling business case.
Download our whitepaper to learn more about tailwinds in upstream digitalization and how to leverage its full potential by enabling:
• Fully automated and remotely controlled production
• Predictive maintenance
• Connected workers
• Drones and robots to replace inspection and surveillance
• Digital twins as single sources of information
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The Oil & Gas industry across the globe is facing a number of macro challenges - slump in oil price and flat forecast being the primary one. Several companies are banking on digital transformation in upstream to reduce the operating cost of fields making it viable to operate existing fields beyond their expected lifetime and explore small fields that were till now considered unviable. Besides increasing efficiency and reducing manpower requirement on fields, digital solutions can also significantly reduce hazard exposure.
The journey starts with the development of an integrated solution concept that enables digital transformation of core functions like operations, maintenance, inspection, surveillance and HSE, supported by a robust business case. Implementation needs to be carried our in phases depending on maturity and return on investment of individual solutions that must be pre tested through proof of concepts and pilots before scaling up. Clear communication, monitoring and governance are cornerstones of success for such large scale transformations and hence change management focusing on people and processes needs to go hand in hand with the adoption of new technologies.