Technological Advancement Study For Oil & Gas Industry

Oil & Gas

A multinational oil and gas company that wanted to understand the established ongoing technology trends embedded in the oil and gas industry.

BUSINESS OBJECTIVE

  • To maximize the benefits by effectively tapping into the prevailing market opportunities.
    • Overall competitive scenario

OUR APPROACH

  • Domain experts conducted primary research with several stakeholders within the oil and gas industry, C-level executives of leading companies, technology experts in order to capture insights on imminent technology trends based on following attributes:
    • How evolving technologies would affect their potential consumer base: identified newer trends and align them with customers’ preferences
    • Technology Landscape: evaluated the technological advancements occurring in the industry.
    • Robotics and other automated technologies
    • Internet of things (IoT) integration
    • Augmented and virtual reality software for 4D seismic technology
    • Drone Technology: for better monitoring and surveillance
    • Administration process: using better Fleet-management solutions
    • Advanced communication solutions
  • Experts collate and analyzed the data paid and non-paid sources like company websites, news articles, press releases, company annual reports and investor presentations to recognize the following:
    • Digital tools to read and interpret data on pipelines, wellhead conditions, and mechanical systems
    • Major constraints
    • Pricing Trends of adoption of current technologies
    • Future Expectations

Geographic Coverage:

  • EU-5 (France, Germany, Italy, Spain & UK) & India

Value Delivered

  • Comprehensive report was shared in PDF format.
  • In-depth analysis and key insights assisted the client to understand the following:

    • Current technology trends

    Potential problems

    Disclosed several areas for improvements

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