skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Global Search Configuration

Introduction

The recent crash of crude oil prices is causing exploration and production companies to cut costs wherever possible. They should increase rather than cut IT spending, especially for real-time data and analytics technologies.

Highlights

  • IT investment can help upstream companies manage through the crude crisis and emerge from the slump stronger and more agile than they were before it. Furthermore, IT investments are affordable relative to the industry’s massive capital spending requirements, and they can pay for themselves quickly. Producers should make an exception in their cost-cutting strategies for IT investments that can rapidly pay for themselves and help them to manage through the crisis.
  • Three types of IT investment can be particularly fruitful: technologies that provide new operational visibility, tools that turn visibility into insight, and tools that enable action or provide control.

Features and Benefits

  • Describes the tactical and strategic goals that producers should be aiming to address with IT.
  • Provides examples of the three types of IT investment where producers should focus their attention.

Key questions answered

  • Why has the oil price crash been especially hard on US shale oil operators?
  • What are some examples of the three areas of IT where operators should focus their investment?

Table of contents

Ovum view

  • Summary
  • Shale operators must exploit drilling data and analytics to cut costs and regain profitability
  • The market may worsen before it improves
  • Producers must recognize that IT investment is both a tactical and a strategic weapon

Appendix

  • Further reading
  • Author

Recommended Articles

  • Service Provider Markets, Consumer & Entertainment Services,...

    MWC 2018 Highlights

    By Ronan De Renesse 27 Feb 2018

    Over 20 of our senior Ovum analysts and consultants attended this year’s Mobile World Congress in Barcelona at the end of February. In between meetings, briefings and presentations, our analyst team were blogging and tweeting about key developments, trends and rumors. Have a look through our daily MWC 2018 Highlights to find out what happened.

    Topics 5G AI IoT Cloud Payments SDN/NFV Smart home

  • Enterprise Decision Maker, Enterprise IT Strategy and Select...

    2017 Trends to Watch: Big Data

    By Tony Baer 21 Nov 2016

    The breakout use case for big data will be fast data. The Internet of Things (IoT) is increasing the urgency for enterprises to embrace real-time streaming analytics, as use cases from mobile devices and sensors become compelling to a wide range of industry sectors.

    Topics Big data and analytics IoT

  • Consumer & Entertainment Services

    US pay TV: Is it facing an existential threat?

    By Adam Thomas 28 Mar 2018

    With US pay TV having endured the worst year in its history, thoughts have inevitably turned to the future. The likelihood remains that the immediate future will remain highly uncomfortable for everyone except the scaled multinational digital platforms.

;

Have any questions? Speak to a Specialist

Europe, Middle East & Africa team - +44 (0) 207 017 7700


Asia-Pacific team - +61 (0)3 960 16700

US team - +1 646 957 8878

+44 (0) 207 551 9047 - Operational from 09.00 - 17.00 UK time

You can also contact your named/allocated Client Services Executive using their direct dial.
PR enquiries - Call us at +44 7770704398 or email us at pr@ovum.com

Contact marketing - 
marketingdepartment@ovum.com

Already an Ovum client? Login to the Knowledge Center now