Digital transformation in petroleum exploration and production
Abstract
Digital transformation is providing businesses with a great opportunity for creating and capturing value. The development of technologies such as cloud computing, social media and big data analytics is driving trends that offer enormous potential to the petroleum industry. The article focuses on introducing digital transformation trends in the world, current status and trends of digital transformation in oil and gas companies in general and in petroleum exploration and production in particular. The article also gives some recommendations for digital transformation of the petroleum exploration and production sector in Vietnam.
References
Thủ tướng Chính phủ, Phê duyệt “Chương trình Chuyển đổi số quốc gia đến năm 2025, định hướng đến năm 2030”, Quyết định số 749/QĐ-TTg, 3/6/2020.
Bộ Thông tin và Truyền thông, “Dự thảo Đề án chuyển đổi số quốc gia”, 2019.
Dxc.Technology and The Economist Intelligence Unit, “2019: The year of digital decisions”. [Online]. Available: https://assets1.dxc.technology/digital_transformation/downloads/Digital_Decisions_Survey_Report.pdf.
World Economic Forum, “Digital transformation initiative, oil and gas industry”, 1/2017. [Online]. Available: https://reports.weforum.org/digital-transformation/wp-content/blogs.dir/94/mp/files/pages/files/dti-oil-and-gas-industry-white-paper.pdf.
Andrew Trice, “The future of cognitive computing”, 23/11/2015. [Online]. Available: https://www.ibm.com/blogs/cloud-archive/2015/11/future-of-cognitive-computing/.
Accenture, “The 2016 upstream oil and gas digital trends survey”. [Online]. Available: https://www.accenture.com/ch-en/insight-2016-upstream-oil-gas-digital-trends-survey.
Tech Target, “Definition: Internet of Things (IoT)”. [Online]. Available: http://internetofthingsagenda.techtarget.com/definition/Internet-of-Things-IoT.
Çağlayan Arkan, “From disruption to opportunity: How digital is transforming the future of oil and gas”, 4/9/2018. [Online]. Available: https://cloudblogs.microsoft.com/industry-blog/manufacturing/2018/09/04/from-disruption-to-opportunity-how-digital-is-transforming-the-future-of-oil-and-gas/.
Oliver Wyman, “Upstream digital transformations - Will your digital portfolio of initiatives be enough?”. [Online]. Available: https://www.mmc.com/content/dam/mmc-web/insights/publications/2019/aug/Upstream-Digital-Transformations-FINAL-v2.pdf.
Equinor, “Digitalisation is changing our company”. [Online]. Available: https://www.equinor.com/en/how-and-why/digitalisation-in-our-dna.html.
Equinor, “Digitalisation driving value creation”, 22/5/2017. [Online]. Available: https://www.equinor.com/en/news/digitalisation-driving-value-creation.html.
Equinor, “Is this Norway’s most digital workplace?”. [Online]. Available: https://www.equinor.com/en/magazine/most-digital-workplace.html.
Equinor, “Equinor is hosting Techstars Energy Accelerator”, 31/1/2019. [Online]. Available: https://www.equinor.com/en/magazine/techstars-energy-accelerator.html.
Mark Venables, “Change of culture reaps rewards for BP's digital transformation”. [Online]. Available: https://www.forbes.com/sites/markvenables/2019/01/31/change-of-culture-reaps-rewards-for-bps-digital-transformation/#4f55c7f76199.
BP, “Digital innovation”. [Online]. Available: https://www.bp.com/en/global/corporate/what-we-do/technology-at-bp/digital-innovation.html.
Offshore Technology, “Exploring the impact of artificial intelligence on offshore oil and gas”, 15/5/2019. [Online]. Available: https://www.offshore-technology.com/features/application-of-artificial-intelligence-in-oil-and-gas-industry/.
Trent Jacobs, “Digital transformation at BP is starting to add up to billions”, 16/5/2019. [Online]. Available: https://pubs.spe.org/en/jpt/jpt-article-detail/?art=5495.
ENI, “The digital transformation plan”. [Online]. Available: https://www.eni.com/en-IT/operations/italy-digital-transformation-plan.html.
Total, “Digital factory: Total accelerates its digital transformation”, 12/11/2019. [Online]. Available: https://www.total.com/news/digital-factory-total-accelerates-its-digital-transformation.
Total, “Total’s pangea III supercomputer ranked first in industry worldwide”, 18/6/2019. [Online]. Available: https://www.total.com/media/news/press-releases/totals-pangea-iii-supercomputer-ranked-first-industry-worldwide.
Halliburton, “Halliburton awarded digital transformation contract in Indonesia”, 25/2/2020. [Online]. Available: https://www.halliburton.com/en-US/news/press-releases/2020/halliburton-awarded-digital-transformation-contract-in-indonesia.html.
1. The Author assigns all copyright in and to the article (the Work) to the Petrovietnam Journal, including the right to publish, republish, transmit, sell and distribute the Work in whole or in part in electronic and print editions of the Journal, in all media of expression now known or later developed.
2. By this assignment of copyright to the Petrovietnam Journal, reproduction, posting, transmission, distribution or other use of the Work in whole or in part in any medium by the Author requires a full citation to the Journal, suitable in form and content as follows: title of article, authors’ names, journal title, volume, issue, year, copyright owner as specified in the Journal, DOI number. Links to the final article published on the website of the Journal are encouraged.