Digitalization introduces substantial changes to how oil and gas companies design, construct, and operate major capital facilities. These digitalization concepts—remote support and control, model-based optimization, robotization—should be accompanied by facility design modifications; enhancements to the project management process; and new, technology-enabled service offerings. How can project managers ensure that digital concepts and capabilities are considered during the earliest stages of a major project? How does digitalization influence the capital project management process (e.g., the commissioning stage)? What steps should companies take to ensure alignment between project stakeholders?
The Digital Twin (a virtual, dynamic, and integrated representation of a physical asset or process over its life cycle) is one the latest digital technologies attracting significant industry attention. Yet, most Digital Twins in operation in E&P today focus on one or more discrete asset functions (e.g., drilling, maintenance, production)—IHS Markit records very few attempts to capture the entire asset in a Digital Twin. What is hampering industry-wide adoption? How is the Digital Twin driving integration across functional groups and across the E&P lifecycle? What are emerging technical and organizational challenges that may impede value realization and sustainment?
Future energy supply will increasingly depend on ocean assets—deep water, far offshore oil & gas fields, and wind farms. With increasing water depth and distance to shore, what innovations—such as new materials, robotization, subsea power, and communication—can help address the emerging challenges that include electrification and facility maintenance? How will different operator types (oil companies, utility companies) change the traditional owner-operator-supplier roles? How will the industry limit environmental impact?
Oil and gas companies are responding to the pressures to reduce the carbon intensity of their upstream operations by reducing energy consumption through optimization of processes and assets, incorporating less carbon-intense power sources, and detecting and remedying unintended emissions. What are the emerging emission-reducing, technology-enabled organizational and operating models? How do these models fit within the broader context of upstream and energy regulations and stakeholder concerns? As new technologies become available to help reduce a company’s upstream carbon footprint, what technologies (will) have the greatest impact and how do companies effectively prioritize among them? To what extent do policy regulations versus internal targets influence the carbon reduction activities of companies, and how do the effects of these mechanisms differ? What are the organizational aspects when incorporating low-carbon technologies and operations into existing workflows?