Digitalization Well-by-Well. Solutions for Oil Industry

11 Apr

Currently, all leading oil and gas companies in the world are predominantly basing their development strategy on digital transformation. The industry is adopting technological processes; as digital transformation is a significant competitive advantage, it contributes to increased return on investment of oil and gas companies and boosts their sustainability in the market.

The International Energy Agency forecasts that global oil demand will rise to a record 103.2 million bpd in 2024, with 104.1 million bpd being the expected growth in global oil consumption by 2026.

The ever-increasing demand for oil requires the development of hard-to-recover reserves, improvement and optimization of existing technologies, which is impossible to reach without digital technologies. In the context of Russia, we should also mention the sanctions imposed on our country, which further emphasize the relevance of implementing digitalization.