Analysis of the current barriers to digital transformation of the oil and gas industry in Russia – provided in the new study by VYGON Consulting

Jun 18, 2018

Digitization has increasingly been penetrating the oil and gas industry. Modern solutions in oil E&P will allow to increase competitiveness of hydrocarbon resources by reducing the production costs and increasing oil supply.

However, there are several barriers hindering the digital transformation of the oil industry in Russia. These encompass not just the need for considerable funding and risks that the impact of technology on the volumes and economics of production may not match the expectations.

In the VYGON Consulting research “Digital Upstream: Industry Upgrade” company experts provide detailed analysis of the current financial and institutional barriers to digital transformation of the oil and gas industry in Russia; forecast of Russia’s oil production under the current technology development environment and in a case the industry’s digital potential is fulfilled; and also assessment of future economic effects of the oil industry digitization both for the state and oil companies.

The executive summary of the study is available at: http://vygon.consulting/en/products/issue-1379/

Employees

Division Head Crude oil upstream & technologies