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Introduction

The oil industry crisis that has seen crude prices fall by more than half over the past year has prompted layoffs and budget cuts across the board. Now, producers must implement long-term strategies based on information and operations technologies.

Highlights

  • Among the operational challenges that oil & gas companies face are heterogeneous equipment and sensors, and piecemeal technology implementations.
  • Many implementations of mobile technologies do not take full advantage of the technologies’ potential, particularly in the area of user roles and workflows.

Features and Benefits

  • Enumerates the many entrenched performance-affecting issues that can be addressed through better use of technology.
  • Explains how smart producers are using technology-supported strategies to bring Moore’s Law to the oilfield.

Key questions answered

  • What are the most important challenges that the oil & gas industry can address with better use of information and operations technologies?
  • What are the advantages of creating data-centric, closed-loop systems based on information and operations technologies?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for enterprises
  • Recommendations for vendors

Today's challenging conditions will last for years

  • Multiple factors weigh on the oil industry

Producers' short-term approaches ignore a host of entrenched problems

  • Short-term tactics predominate over long-term strategy
  • Meanwhile, endemic problems pose continuing challenges
  • Unaddressed challenges take a cumulative toll

Producers must adopt long-term, technology-centric strategies that rapidly bring solutions and process improvements

  • Why should the industry put a priority on technology enablement?
  • The critical steps to a data-centric operation
  • Successful closed-loop, technology-supported business strategies will generate bottom-line results

Appendix

  • Methodology
  • Further reading
  • Author

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