The oil & gas industry is continuously grappling with volatile oil prices, coronavirus, and the energy transition. Digital technology is one of the key tools that can help the industry change and improve.
Today, the upstream O&G segment is significantly brownfield, and investments in greenfield are threaded with caution. Therefore, the need of the hour is to make the brownfield more efficient and effective, with digitalization being one of the key avenues for the same.
Digital transformation is emerging as a driver of sweeping change in the world around us. Connectivity has shown the potential to empower millions of people, while providing businesses with unparalleled opportunities for value creation and capture.
Data-based insights can enable Oil and Gas companies to maintain assets, optimize production, reduce unplanned downtime among the various possible areas of impact. Digital transformation is now being adopted by all major oil and gas companies & are actively introducing big data technologies in field development. Oil recovery factor in digital oilfields is 2-10% higher than in conventional fields.
Digitalization can bring various benefits to day-to-day operations and cost reduction. For condition monitoring, specific, industry, historical and real-time data allows operators to improve maintenance and inspection regimes. Data analytics improves understanding of environmental risks, and authorities can create more effective regulations and monitoring. There are also potential benefits for health, safety, security and environment (HSSE) performance.
With an intense 2 days agenda & 1 day workshop, ODES 2022 seeks to expand in-depth discussions, techniques and applied knowledge along with technological challenges of oil & gas digitalization. You will gain insights from the best in the industry and make lifelong friends.