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A day in the life of Digital Chris

Digital Chris is a very valuable person. He’s what’s referred to as a “Barrel Chaser” he’s the trouble shooter, the ideas man, the guy that gets things done.

A friend of mine runs operations for one of the larger players in the North Sea. He has a chap who works for him, and for the purposes of anonymity, I’ll call him Digital Chris.

Digital Chris is a very valuable person. He’s what’s referred to as a “Barrel Chaser” he’s the trouble shooter, the ideas man, the guy that gets things done. Digital Chris adds thousands of barrels of production each year. Production that would otherwise be locked up due to process constraints, lost through shut-in’s and trips or lost through delays getting things back on-line. Digital Chris probably contributes a few million pounds of cash that drops straight to the bottom line.

Digitalisation approaches – An oil & gas industry blueprint

How can operators capture greater value through making better digital decisions?

Much has been written about Digitalisation recently but it’s often less clear that different approaches are needed depending on the nature of the business goal.

There are essentially two main types of digitalisation – those focused on using data to make co-ordination decisions to sanction and control work (referred to as Digital Decisions), and those that embed information processing so the way work is performed changes (referred to as Digital Execution).

Digitalisation in oil & gas – The upstream response to Industry 4.0

The past decade has seen several Oil & Gas operator technologies advancing quickly in performance and declining rapidly in price.

Since the turn of this century, productivity growth has become an increasingly prominent government priority. The past decade has seen several Oil & Gas operator technologies advancing quickly in performance and declining rapidly in price, and they are believed to hold the key to enhancing industrial productivity in the sector. These include IoT, remote sensing, data combination and dissemination, cloud computing, autonomous vehicles, industrial internet, additive manufacture, block-chain, analytics and artificial intelligence. Together they form the foundations of what is commonly referred to as the 4th Industrial Revolution.

In line with this revolution, 2017 has seen huge investments into digitalisation in the industry. Statoil unveiled its 1Bln Kroner digitalisation initiative, BP invested $20m in an AI company called Beyond Limits and GE forecast that their digitalisation platform will be part of a $6Bln revenue stream by 2020.