Oil and Gas Connectivity

Oil and Gas Connectivity

By Joe Nyangon, PhD

How Connectivity Resets the Oil and Gas Digital Transformation Agenda

The oil and gas industry has a rich history of technological innovation. Today, the industry is undergoing information technology (IT) and operational technology (OT) convergence at a rapid speed.

For oil and gas companies looking to transform their operations—from exploration right through to the customer—the focus is shifting to connectivity. It’s leveraging the Internet of Things (IoT), advanced process automation, automated surveillance, Big Data, and artificial intelligence (AI) technologies. This shift ensures that essential operations and processes are as agile and efficient as possible to respond to changing market dynamics.

The Benefits of Transformation for Oil and Gas

Fundamentally transforming oil and gas operations and exploration via digitally-interconnected processes could significantly increase flexibility and enable integration with well data and other technical domains across entire systems. A November 2020 study by McKinsey & Company revealed that implementing advanced connectivity to enhance drilling and production throughput as well as improve field operations and maintenance could add up to $250 billion of value to the industry’s upstream operations by 2030. Given the enormous potential of connectivity in uniting an enterprise around a shared digital transformation vision and workforce collaboration, it’s crucial for oil and gas companies to understand the different types of connectivity applications available today, their current use and how they may evolve. Read more>>

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