2019 Volume 84 Issue 1 Pages 80-84
Abstract：Digitalization is recent hot topic in many of industries and regarded as the 4th industrial revolution.
Although such a big trend is ongoing, progress of digitalization in the petroleum E&P industry is far behind other industries such as financial services and E-commerce merchants.
However, the digitalization in E&P industry has attracted greater interests over the recent years under low oil price environment. It is aimed to reduce operation cost significantly by improving ef?ciency of entire E&P value chain.
According to IEA （2017）, it is expected to increase 510 billion boe of recoverable hydrocarbon resource globally. In our research with Schlumberger, application of digital technology has significant potential to improve knowledge management and field operation efficiency in the industry.
In exploration sector, digitalization will be applied to routine workflow such as data loading and database setup, microfossil analysis, seismic interpretation and petrophysical analysis. Whereas it will not give us improvement of success rate of exploration, but it will contribute to reduce risk of opportunity losses by improving efficiency of study workflow as well as reduction of cognitive biases.
