Is Your Upstream Digital Strategy Up to Par?
We all know that the landscape of digital transformations in the upstream oil and gas sector is evolving rapidly. Companies must ensure their digital portfolio is comprehensive and aligned with organizational goals to stay competitive. Upstream oil and gas companies are at a pivotal moment in the industry’s transformation. To remain competitive, these companies must achieve greater capital efficiency, a goal digitalization can facilitate by enhancing operational effectiveness. Despite widespread adoption of digital initiatives, there is no unified, industry-wide strategy for digitalization. Instead, companies employ various approaches, with some well-established initiatives offering limited value and others untested but potentially beneficial. In this context, it’s crucial for companies to assess their portfolio of initiatives to ensure a comprehensive and balanced approach. While evaluating their digital portfolio, Upstream players must grasp the full array of available digital in...