Plenary Session 3:
Making The Digital Revolution Work For Intelligent Energy
Thursday 8th September
11:00 - 12:45
Sub-committee: Walt Aldred, Schlumberger; Hege Kverneland, NOV; Justin Rounce, Schlumberger
Panellists: Rustom K. Mody, Vice President Technical Excellence/Enterprise Technology, Baker Hughes Inc; Gianfranco Visentin, Head, Automation and Robotics Section, European Space Agency (ESA)
Moderator: David Reid, CMO, NOV
How can we take advantage of the digital technology revolution to operate effectively in the new paradigm for oil and gas? In the current economic environment the challenge of the industry is to deliver increases in efficiency and capability. This session will explore the capabilities and limitations of this new generation of digital technologies and what opportunities they offer IE for both short term incremental and medium to longer term radical change.
The rapid development and proliferation of digital systems from Big data analytics to autonomous systems is already having a significant impact on industry and our everyday lives. The digitally driven ecosystem of product selection, automated warehousing, and coordinated delivery etc. have enabled internet shopping. In the near future these technologies promise even more radical changes such as self-driving cars. Other major industries, such as mining, have turned to autonomous systems to reduce cost base and increase productivity, today mines in Australia are operated remotely using
- Trends and Drivers:
What internal and external market factors require us to change? These include: technology development, social, economic, regulatory, dealing with uncertainty, environmental and liability.
What significant value could be realised for the industry through efficiency gains and new capability that would provide economically viable access to existing and new reserves? How will our organisation and working lives change?
- Value Chain:
What motivations and factors influencing elements of the value chain that will drive the creation delivery and adoption of applications of digital systems.