The Oil & Gas sector is a relatively late starter to the industrial digital transformation age, with companies now eager to grasp the opportunity brought by data, analytics and communications. Although there is a wide variety of digital capability and expertise available, few have successfully cracked embedding digital in an industry that is renowned for its risk adverse behaviour.
These issues will be explored at the Future Downstream Conference, where barriers to successful implementation of digital in downstream Oil & Gas will be addressed. Our Oil & Gas Business Manager Northern Europe, Martin Carruth, will participate in this event and will provide leadership during a panel discussion on the challenges and opportunities digital brings to downstream Oil & Gas. RINA has been assisting O&G clients start their digital transformation, in particular establishing and implementing strategic roadmaps to meet their digital vision.
The discussion will focus on three key topics impacting downstream oil & gas. Firstly, rising energy demand. With population growth expected to add +1 billion people over the next five years, an additional 1.2K MBoe will be needed, projected to lead to +15% oil demand growth to 2040. Secondly, cost productivity: decarbonising energy supplies to meet tighter regulatory frameworks will put additional pressure on conventional energy, as they need to compete with other sources. And finally, the aging workforce. How can downstream oil & gas quickly adapt to retain knowledge built over several generations? And perhaps more challenging, how can the industry be perceived as exciting and cutting-edge, ready to develop and embrace technology to attract the brightest, most talented people?
Companies who hope to either initiate or accelerate their digital transformation can benefit from attending the conference by learning more about these challenges and discovering how RINA digital solutions can help wherever you are in your transformation journey.
