Digital transformation in the oil and gas industry

Effective efficiency

Efficient digital transformation in the oil and gas industry is vital. Operators are constantly on the hunt for digital transformation and a competitive edge. In order to produce hydrocarbons as cost-effectively as possible, they need to find a successful solution. This drive for efficiency has seen the industry shift towards automation that reduces human error and cuts costs. This change is particularly evident in mature plays such as the North Sea and the US onshore. These are areas where cost constraints are such that more and more must be done with fewer and fewer staff.

Digital Transformation

In these circumstances, companies must choose solutions for hydrocarbon accounting (HCA). This will help to minimise the risk of error and will also improve efficiency and enhance opportunities for automation. It should also be possible to deliver oversight of a wide range of assets. Furthermore, these assets will be delivered across a diverse set of geographical locations. Use of open data standards is vital in supporting fast and easy integration with applications. For example, ERM, GIS, and reserves and well management. Digital transformation in the oil and gas industry is the way to move beyond what's been slowing the industry down. However, traditional HCA solutions fail to deliver on any of these requirements. They are expensive, difficult to use and slow to implement. They are a drag on the business and create problems rather than providing a solution.

Cloud computing delivers

There are so many man hours that programmers, database administrators and infrastructure teams that are spent on legacy HCA solutions. Do you receive perfect results? Are the solutions flexible? Is our ideal agile business model being met? Odds are that you said ‘no’ to all of these. The growth of cloud-based computing is revolutionising the way oil and gas companies now do business. EnergySys is ensuring that HCA is leading this charge. Flexibility replaces rigidity. Efficiency is maximised and productivity is dramatically increased.

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