Big data, the integration of different digitalization technologies and platform, is still a key element for the oil and gas industry; and ultimately will be the main driver for the energy transition; experts agreed on the third day of the Offshore Technology Conference.
Firstly, during the panel “Big Data and Digital Transformation in Oil and Gas”, experts from major oil companies discussed how Big Data is a key driver for sustainability and efficiency for oil and gas industries; as Big Data allows to control and predict almost every aspect of an oil asset.
Secondly, Maria Bulakh, Specialist Subsea Systems & Digitalization for Aker Solutions discussed that, as investors demand ESG agendas from oil companies; increased efficiencies and lower carbon footprints, Big Data is the one factor that oil companies can and will have to leverage from, in order to achieve certain goals.
Thirdly, she remarked that. “Data integration and digitalization enables the betterment of all industrial processes; adjust executions, and enables greater and faster returns. Also, through the use of data, an operator can unlock new focus areas and take decisions; however, only 7% of oil executives have realized the huge potential from Big Data.”
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Big Data a $1,5 trillion opportunity for oil and gas
Moreover, she also remarked. “Big Data connects workers, integrates the value chain; also integrates and enhances design; which in turn delivers faster and greater efficiencies, both in operations and in financials. Big Data must be seen as a new asset; and not a second-hand obligation.”
In addition, John Boot, Vice president of Yutime Petroleum, remarked that it should be integrated through all the phases of development of project; and not just into individual phases. “Digital need to be fully integrated to the project; from design building, operations and maintenance, and so on. Through this we create a virtuous cycle that delivers gains in all aspects of the asset.”
Furthermore, he enlisted some of the solutions that his company has deployed; like a 4D simulation software that creates a digital twin of the asset; enabling predictions on all of its aspects. “20% of all the energy usage in the construction of a project can be saved from the start with these kinds of solutions.” Robotics, Artificial Intelligence and other tech are also part of the Big Data package, he said.
Finally, Arno Van Den Haak, Head of the WorldWide Business Development Energy for Amazon Web Services, shared some cases of success; specially the partnerships of AWS with Lightsource bp. “This technology could double the gains of an oilfield, if implemented from scratch.” He remarked. And concluded by saying that the oil and gas industry is still lagging in regards to Big Data adoption. “In fact, it has a $1,5 trillion opportunity for that matter.”
