Digital transformation characteristics and trends in petroleum exploration and production

  • Nguyen Anh Duc Vietnam Oil and Gas Group
Keywords: Digital transformation, trend, petroleum exploration and production

Abstract

Digital transformation is an urgent solution for the oil and gas industry in the energy transition trend, helping oil and gas enterprises optimise oil and gas exploration, development and production costs, and improving the competitiveness of oil and gas in comparison with other energy sources, especially new and renewable energy sources.

The article provides an overview of the digital transformation trends in petroleum exploration and production, the current status of digital technology application, difficulties and barriers, thereby making some recommendations on the objectives and orientations for the implementation of digital transformation in petroleum exploration and production in Vietnam. 

References

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World Economic Forum, “Digital transformation initiative, oil and gas industry”, 1/2017. [Online]. Available: https://reports.weforum.org/digital-transformation/wp-content/blogs.dir/94/mp/files/pages/files/dti-oil-and-gas-industry-white-paper.pdf.

ADNOC, “ADNOC is pumping millions of dollars into artificial intelligence, IIoT, augmented and virtual reality”, 20/11/2019. [Online]. Available: https://globuc.com/news/adnoc-artificial-intelligence-iiot-augmented-and-virtual-reality-advanced-analytics/

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Thủ tướng Chính phủ, Chương trình chuyển đổi số quốc gia đến năm 2025, định hướng đến năm 2030, Quyết định số 749/QĐ-TTg, 3/6/2020.

Published
2022-04-18
How to Cite
Nguyen, A. D. (2022). Digital transformation characteristics and trends in petroleum exploration and production. Petrovietnam Journal, 3, 14 - 19. https://doi.org/10.47800/PVJ.2022.03-02
Section
Articles

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