Why digitalisation matters for oil and gas

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Why digitalisation matters for oil and gas

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by Jörgen Larsson
Leading the charge in this change is digitalisation — from ‘Industry 4.0’ to ‘Oil & Gas 4.0’.
Of course, change is also coming through shifting geographic and technical sources (think unconventional shale).
The demand side of the equation also is evolving, with most demand growth coming from China, India and other emerging economies, while the extent that we’ll be using renewables ten or 20 years from now remains a huge question.
Even oil companies are beginning to look different.
The UAE’s Abu Dhabi National Oil Company (ADNOC) is a perfect example.
As announced last fall by its CEO, Dr. Sultan Ahmed Al Jaber, the company is transforming itself from a traditional national oil company (NOC) into a dynamic, innovative international energy company, capable of creating new revenue streams and maximising profit in the era of Oil and Gas 4.0.
They are also putting numbers to that vision: increasing oil production capacity, from about 3 million barrels per day (mbpd) today to 4 mbpd by 2020 and 5 mbpd by 2030, and perhaps even more dramatically, ultimately making the UAE a net exporter of natural gas.
Luckily, ADNOC not only has a vision, dynamic leadership, skilled employees and enabling national infrastructure, but also the opportunity to leverage digitalisation, as this technology continues to expand its ability to derive significant benefits for the in

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