New report sets baseline to push greater progress in digitalization

9/1/2020

ABERDEEN - Findings from the first survey of digitalization in the oil and gas industry reveal there’s a strong appetite to ensure technology is matured to improve the sector’s connectivity, efficiency and sustainability but highlight the need to promote collaborative working if these transformational changes are to become a reality.

With support from Deloitte, the UKCS Data and Digital Maturity Survey was launched in June 2020 by OGUK, the leading representative body for the UK offshore oil and gas industry, in partnership with the Technology Leadership Board (TLB), the Oil and Gas Technology Centre (OGTC), and Opportunity North East (ONE) to assess the maturity of digitalization across the sector.

Deirdre Michie, OBE, OGUK Chief Executive, said “This timely report provides industry with an invaluable baseline for developing the strategies we need to realize the huge potential for digitalization, enabling our industry to become more connected, efficient and sustainable in the process. Digitalization is as much about culture as technology and the report highlights the importance of businesses working together to share ideas, challenge themselves and combine expertise to deliver the transformational change we need to spur our sector’s recovery and support an accelerated transition to net zero

Sir Ian Wood, KT GBE, Chair ONE, said “The report provides critical insight at a time when businesses of all sizes are having to adapt to major market and customer changes. While the industry is strong in the technical aspects of digital, it lacks the innovation mindset and culture to be decisive in digital transformation in relation to its peers.  It is encouraging to see a strong desire for collaboration but it’s still not strong enough and we need to pick up the pace in this area if we are to fast-track progress. It’s imperative that we use the findings to collectively tailor action and catalyze a more digitally focused industry.”

Colette Cohen OBE, CEO of the Oil & Gas Technology Centre said “Digitalization provides opportunities for increased efficiency, reduced carbon footprint and improved safety, which are crucial in the transition to a net zero future. This report shows that industry collaboration is the enabler, with the true potential of data being unlocked through a shared approach to industry challenges.”

Mikki Corcoran, Co-Chair TLB, Schlumberger, said “Genuine digital transformation is fundamental to remaining a strategic energy supplier to the U.K. in a net zero world.  Today we have the technology we need; leadership and vision are required to make this a reality on the UKCS.”

Graham Hollis, Office Senior Partner for Deloitte in Aberdeen added: “This report provides timely insight into the topics that matter most to businesses of all sizes operating across the UK’s oil and gas sector. It is promising to see the progress industry has made to date in its digital journey, however it is clear there remains many challenges that need to be overcome for industry to truly maximize the opportunity provided by digitalization.”

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