Digital Transformation in Oil and Gas
Digitalization has become a transformative force within the oil and gas industry , revolutionizing operations and unlocking new opportunities for efficiency, safety, and sustainability. The majority of digital solutions currently in the market are aimed at reducing the industry’s operating costs, which were about $2.3 trillion in 2016. O & G companies must seize the opportunity to become digitally compliant. Through the integration of cybersecurity and digital culture at the core, the O&G industries can proliferate the prospective value for seismic exploration, development drilling & production segments. Latest Trends in Oil & Gas Industry In 2023, the oil and gas industry is witnessing a new wave of transformative trends and innovations reshaping the landscape. Companies can adopt digital technologies and automate the exploration and adoption of digital technologies and automate the value chain. The digital transformation enables real-time data monitoring, predicti