Cross-cutting digital transformation driven by domain expertise and experience is re-shaping the future of the industry, giving birth to high-stake digital opportunities for all stakeholders: the creation of new workflows and collaboration at every stage of E&P operations, impacting operational efficiency, increasing asset reliability, boosting throughput, recovery and raising safety levels across the value chain. The 4th industrial revolution is underway, fed by breakthroughs in automation, robotics, artificial intelligence and the internet of things. Like in many other industries, this 4th industrial revolution creates fundamental shifts in oil & gas. Of all stages of the E&P lifecycle, production operations stand to make the largest gains from this digital disruption, with an estimated 6% to 35% value at stake, where business value refers to savings or gains, such as time and cost savings through efficient processes or replacement of people by machines through creative destruction also known as the act of old jobs being replaced by newer ones. Driven by the promise of ubiquitous digital transformation, Schlumberger envisioned a few years back, and refocused its R&D effort since, on the delivery of such breakthrough capabilities. We strongly believe that this new approach is set to unlock the enormous potential of a digitally enabled, integrated and automated operating environment that benefits from the convergence of digital enablers, high-end E&P science and domain expertise. Cross-cutting digital transformation driven by domain expertise and experience is re-shaping the future of the industry, giving birth to high-stake digital opportunities for all stakeholders: the creation of new workflows and collaboration at every stage of E&P operations, impacting operational efficiency, increasing asset reliability, boosting throughput, recovery and raising safety levels across the value chain.
The 4th industrial revolution is underway, fed by breakthroughs in automation, robotics, artificial intelligence and the internet of things. Like in many other industries, this 4th industrial revolution creates fundamental shifts in oil & gas. Of all stages of the E&P lifecycle, production operations stand to make the largest gains from this digital disruption, with an estimated 6% to 35% value at stake, where business value refers to savings or gains, such as time and cost savings through efficient processes or replacement of people by machines through creative destruction also known as the act of old jobs being replaced by newer ones.
Driven by the promise of ubiquitous digital transformation, Schlumberger envisioned a few years back, and refocused its R&D effort since, on the delivery of such breakthrough capabilities. We strongly believe that this new approach is set to unlock the enormous potential of a digitally enabled, integrated and automated operating environment that benefits from the convergence of digital enablers, high-end E&P science and domain expertise.
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