Third EAGE Workshop on HPC in Americas
Over the past five years we have seen the industry hiring a Chief Digital Officer, designing digital strategies, establishing business units to promote them, partnering with technology companies, and making an effort to adopt a culture that nurtures new ways of working.
We are witnessing a proliferation of technologies being implemented in the field, from the use of digital twins to optimize production to drones conducting inspections offshore. The industry is building a digital strategy from scratch, developing an analytics solution for parents, innovating with a technology partner, allowing the “connected worker” in the field to transform their culture into a data-driven culture.
Oil and gas companies face formidable challenges to their efficiency, sustainability, and profitability after COVID-19. As result of the pandemic, prices have collapsed so severely that the urgency to address these issues has accelerated dramatically.
During these last five years, the impact of the digital data revolution in geosciences is very significant. Computing power has accelerated according to Moore's Law, while data science accelerates the rate at which routine tasks are performed. In general, key digital applications integrate real-time data and advanced analytics for better decision-making, improved efficiency and sustainability, acceleration of the business cycle.