The 2-nd annual edition of “IIoT and Digital Solutions for Oil and Gas” took place in Amsterdam, 7 – 8 th of June in Okura Hotel. Building on the success of last year’s event, this edition gathered industry professionals from over 30 countries for 2 days discussion on IIoT, Big Data, AI, Machine Learning and other relevant digitalization topics for oil & gas industry.
The event established itself as a central platform for collaboration between oil & gas and technology companies, where senior representatives gather together to share best practices, discuss new opportunities and foster industry innovation.
Most of the oil & gas industry leaders agree on digitalization importance and value potential for their companies. However, the pathway to success and benefits is not clear and every company is working on individual digitalization approach, which is usually accompanied by trials and errors. In the industry where large investments are at stake, errors can be critical for the company and cause lack of confidence in leadership. For the industry as a whole, it is crucial to develop a collaborative culture to share best practices and failures along the digitalization pathway.
Largest oil & gas operators admit that new technology players are rapidly entering and reshaping the industry by disrupting value chain and offering more efficient solutions to the industry. In order to foster innovative culture, seize digitalization opportunities and keep up with industry changes oil & gas operators need to be more open to collaboration and data sharing with technology companies; in turn, technology vendors need to work on customizing their solutions to oil & gas operators needs, as well as address data safety and reliability concerns.
In addition, conference attendees highlighted that cross-industry collaboration is contingent on industry-wide data standardization. There are various digitalization solutions from vendors within a supply chain that can be utilized by operators, however, the difference in data formats of this solutions can result in underutilized potential and inefficiencies for operators. Setting the industry-wide data standardization format requires the involvement of as many industry professionals as possible.
Cyber protection of physical assets was the most recurring concern amongst conference attendees. With growing automation of industrial facilities potential damage in case of cyber threat for operators increases. Additionally to that, with the implementation of automated decision making operators start to question data reliability and work on data verification solutions. It is critical for operators to balance cybersecurity measures proportionally to digitization initiatives.
The recent collapse of oil prices gave a strong impulse to the industry to maximize operational efficiency through digitalization initiatives. Despite the fact that oil prices saw a significant increase and market conditions improved, oil and gas companies continue to foster digitalization initiatives to build up a competitive advantage and capitalize on accumulated knowledge.
Interactive voting during the conference allowed to determine which companies in oil & gas industry are perceived as digital transformation leaders. The largest support received such oil & gas operators as Equinor, Aker BP, Shell, Exxonmobil and Total.
We worked hard on analyzing feedback from our attendees. Conference participants helped us to identify leading companies in oil & gas digitalization, and we are already working on including them into next year’s agenda. Based on the delegates feedback, our agenda will be based on the following topics:
IIoT – Assets monitoring and connectivity, 5G Network, AR/VR, connected worker
Big Data – Analytics and data standardization
Cloud – Cloud computing, security
AI / Machine Learning – Predictive/Prescriptive analytics, automation, digital twin
Blockchain – supply chain applications
“Amazing event to network, learn and share real digital topics in the oil & gas industry!”
THE BOSTON CONSULTING GROUP, Senior Knowledge Analyst - Digital Energy, Mauro Rafaelli Castilhos
"I found the IIOT and Digital Solutions for Oil & Gas to be both an informative and interesting conference. It was encouraging to see the industry's activity from end users to suppliers. There are lots of opportunities and challenges ahead and conferences such as this provide the context required to understand what they are."
ROCKWELL AUTOMATION,Oil & Gas Industry Solutions Leader, Tom Shannon
"A must-attend event! Very informative and practical for small E&P companies who want to be proactive and steadily grow in this ever changing digital age."
DANA ENERGY, Subsurface General Manager, Exploration & Production, Hooman Karkooti
"Excellent conference with very professional experts which contributes to networking among industry."
DEA, Senior Vice President, Information Management, Jan Zeysing
"It was great to be part of the conference and gain knowledge in what our customers, service providers and competitors are doing in this complex subject. This conference has become a thermometer of the oil & gas Industry digital transformation efforts."
JACOBS, Instrumentation and Control Systems Manager, Fritz Hagen
"The IIOT and Digital solutions for O&G is a great occasion to connect and get a broad view of where the different player of the industry are."
SHELL, HRAM Project & Technology, Jasper Van Gorcum
"I have to say this was a great conference. The whole team made a massive effort to make us all feel we were part of a cohesive group. The boat trip and brewery trip were genius. You achieved a very different level of interaction from the participants. I feel like I have come away with friends, not just contacts."
EY, Global Advisory Oil & Gas Sector Resident, Kyla Moore
"Interesting speakers addressing current subjects. Open and informative. Industry wide participants which enable fruitful networking."
SAPURA ENERGY, Europe Area Manager, Jan Stinenbosch