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to ensure safe, reliable and compliant
operations — all while managing energy
costs and minimising time and installed
costs. Across the downstream, refining
and petrochemical producers strive to
achieve superior performance through
better management of their energy
usage and costs.
Considering these priorities, the
lack of digital maturity across oil and
gas is perhaps surprising. According
to multinational professional services
firm PwC: “One of the clearest and
most viable responses to these
systemic challenges is to accelerate
digitisation strategies to help improve
resilience and remain attractive to
investors.” But, “of more than 200 oil
and gas companies surveyed, only
seven per cent identified themselves
as digital champions while more than
70 per cent of respondents considered
themselves to be in the early stages of
digital maturity”.

OPTIMISATION AND INNOVATION
In today’s economic environment,
capital budgets and overheads are
constantly being cut. Oil and gas
producers are faced with rising
manufacturing costs, global competition
and soaring energy costs. To meet
these challenges, companies must
optimise manufacturing operations and
make performance improvements to
positively impact their bottom lines.

“Of more than 200 oil and gas
companies surveyed, only seven
per cent identified themselves
as digital champions while
more than 70 per cent of
respondents considered
themselves to be in the early
Few industries have been more adversely affected by the stages of digital maturity”
pandemic than oil and gas. The economic distortion and price
instability arising from the crisis only exacerbated existing Digital transformation offers
challenges from stiff competition and tightening capital new toolsets that enable oil and
gas companies to increase their
budgets. In this environment, the energy sector can’t afford competitiveness. These digital toolsets
not to be at the cutting edge of digital transformation. Amish help improve yields of valuable products
Sabharwal, Executive Vice President of Engineering Business while reducing energy consumption and
at information technology consulting company AVEVA increasing throughput.
Using digital technology,
explores the top five priorities for digital transformation manufacturers can create a complete
digital twin of their processes and
il and gas companies faced The economic discomfort is being assets to respond quickly and easily to
formidable challenges to their felt throughout the oil and gas value unexpected events, reduce shutdown
efficiency, sustainability and chain. Upstream companies seek to time, work and train operators remotely
profitability in 2020. As a maximise production from onshore and and evaluate ‘what if’ scenarios in batch
O result of the pandemic, prices offshore wells safely and economically. processing and manufacturing.
collapsed severely and the urgency to In the midstream, the primary concern Through digital transformation,
tackle these issues intensified. of hydrocarbon pipeline operators is operators can combine real-time process

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