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The overarching challenge facing the upstream oil & gas industry continues to be the slump in crude oil prices that began in mid-2014, in which prices have fallen from more than $100/bbl to around $40/bbl today.


  • Industry leaders recognize that information and operations technologies (IT and OT) must be central to their plans because they can deliver transformational, as opposed to incremental, change. Three areas of technology investment stand out as being particularly important in 2016: process automation, analytics, and asset management.

Features and Benefits

  • Explains why Internet of Things technologies are particularly powerful tools for coping with the ongoing slump in crude oil prices.
  • Analyzes the challenges and opportunities inherent in asset management technologies.

Key questions answered

  • Why are Internet of Things technologies more powerful than earlier forms of industrial process automation?
  • What are some of the primary areas of benefit for analytics technologies in upstream oil & gas?

Table of contents


  • Catalyst
  • Ovum view
  • Key messages


  • Recommendations for enterprises
  • Recommendations for vendors

Business trends and technology enablers

  • The persistent crude downturn is driving adoption of automation, analytics, and asset management technologies

The Internet of Things (IoT) will extend industrial automation to a wider set of processes

  • Fine-grained process automation has been cost-prohibitive
  • IoT provides cost-effective visibility and control

Leading operators become "analytics-driven"

  • Data is crucial, but too much is overwhelming
  • 2016 will see strong investment in key analytics categories

Few technologies present as many challenges – or hold as much promise – as asset management

  • Managing assets involves myriad interrelated problems
  • Managing asset efficiency, reliability, and longevity are key 2016 investment goals in oil & gas


  • Methodology
  • Further reading
  • Author

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