The oil and gas industry has always been seen as a conservative industry and not as an early adopter of innovation. With one month before the leading event for digitalization projects in the oil and gas sector, we asked the keynote speakers what the digital transformation means for the industry.
The digital transformation is not only about disruption or technology. From your experience, how should the oil and gas companies see the digital revolution and how will the business models in the industry be changed?
SERGIO ZAZZERA, VICE PRESIDENT IT, Eni
The digital evolution is a great opportunity for oil and gas companies because it enables a deep transformation of the legacy operations, hardly challenged by the recent crisis. I am thinking not only about the possibility of further automatization of the processes but also about approaching the activities of the sector in entirely new ways (exploration, drilling, operations handling, etc.).
SATYAM PRIYADARSHY, TECHNOLOGY FELLOW, HALLIBURTON
When we talk about digital transformation, one needs to remember it is about the breakdown of silos both cultural and technical so one can transform the way we do business in day to day life. Oil and gas industries need to leverage the digital technologies at a much faster pace, with agile and adaptable mindset. The business strategy around digital transformation should include a component of the innovation, talent and real transformation of the industry.
RICKI KOINIG, GLOBAL HEAD OF IT STRATEGY, OMV
In the coming years we will make the next evolutionary step toward integrated digitalization roles, and no longer feel a difference between resources coming from either an IT or a Business background. This mind-set change will uncover benefits of fully integrated departmental, financial and operative business and thus accelerate efficiency levels across the organizational model.
SHARUL A RASHID, PRINCIPAL ENGINEER, PETRONAS
Digital revolution should benefit the company in terms of improvement in plant operations leading to cost savings and Earnings (EBITDA)
“In the coming years we will make the next evolutionary step toward integrated digitalization roles, and no longer feel a difference between resources coming from either an IT or a Business background” – Ricki Koinig, OMV
What are the key technologies which your company would like to implement in the next 5 years?
A main focus lies in predictive maintenance solutions utilizing sensor streaming data in conjunction with machine learning and artificial intelligence. Predictive analytics will also help forecast demand in the Downstream area
Wireless technology, remote data acquisition yet secured technologies, Big Data predictive analytics and early warning system technologies.
Edge Gateway and Smart Sensors, Machine Learning and Analytics, Image Recognition, Wearable Technology and Augmented Reality, Additive Printing
IoT sensors with a sensor to sensor communications network, Wearable devices, Smart Analytics at the edge based on Big Data and Data Science, Cloud solutions, and Augmented and Virtual Reality solutions.
What are the key benefits and opportunities of using IIoT solutions in the upstream and downstream operations?
Do you think it is important for an oil and gas company to have a digitalisation roadmap?
“Nowadays the presence in each company of a clear and defined roadmap for the digitalization is mandatory for disclosing, unlocking and leveraging the potentialities that are inherent to the new digital wave” – Sergio Zazzera, Eni
I believe more than digitalization roadmap, a roadmap for Digital transformation is critical for oil and gas company. More importantly, the roadmap needs to match the pace of technology revolution, rather than a five to ten years roadmap a current practice.
A clear, simple, aligned and consistently visited roadmap tool is essential for common understanding and direction between all stakeholders- that includes business lines, finance, procurement, IT strategy and operations. At OMV AG, we have redesigned and developed a method to analyse and map market trends and our business needs. Collaborative discussions on these mappings across the organization create a basis for agreed and aligned content in the digitalization roadmaps.
Nowadays the presence in each company of a clear and defined roadmap for the digitalization is mandatory for disclosing, unlocking and leveraging the potentialities that are inherent to the new digital wave.
What are the current challenges affecting the spread of IIoT inside an oil and gas organisation?
We are very happy to welcome you this year at the IIoT and Digital solutions for oil and gas event in Amsterdam. Could you please let us know what are your expectations for the upcoming conference?
“Solutions that derive the economic value for oil and gas industry by using IIoTs and Digital Transformation can be enhanced by knowledge sharing at the conference” – Satyam Priyadarshy, Halliburton