Digital Upstream: Industry Upgrade

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.

Employees

Director, Oil & Gas Industry Regulatory Consulting
Consultant