Leveraging the book, ‘Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas’, this virtual course is a one-day digital awareness education program specific to the oil and gas industry. It will include key delivery topics like the nature of digital impacts and timing, risks that must be managed, the business case for change, the role of new methods like agile in driving success, organizing a digital team, the impacts on people, and how to set roadmaps.
Why this course is important to you
The biggest challenge oil and gas companies face in addressing digital changes in the industry is equipping their people with a common base of understanding of digital. Without a common base of definitions, terminology, and frameworks, organizations run the risk that their digital agenda will be defined by specific vendors which can have unintended consequences. Suppliers of technology, IT professionals, universities and consultants all use variants of their own proprietary approaches to digital that, well intentioned, can create poor transparency, bias and prejudice. Without a common base, teams drift into silos, management blocks innovation and Boards cannot execute their oversight role.
Digital innovations are expected to impact the oil and gas along four vectors: Growing supplies, lowering costs, raising productivity and altering demand.
Digital innovations applied to resource evaluations and reserves analysis are expected to grow global reserves by 5% or 500b boe, worth $22 trillion.
Digital innovations will reduce costs by 20% across the entire supply chain.
Digital innovations will improve productivity of assets by 20%.
Digital innovations may erode demand for transportation fuels by 50% by 2040.
Who Should Take This Course?
This course is designed for two audiences:
1. Oil and gas industry professionals aiming to raise their digital acumen about the opportunities and the threats posed by digital innovations.
2. Technology industry professionals seeking to understand the oil and gas industry and the potential opportunities for digital innovation.
Companies who will find the course of value include:
Oil and gas companies, particularly integrated companies
Companies in the upstream, midstream, and downstream
Field services companies that provide services to the industry
Managers and supervisors in oil and gas
Teams of workers tasked with addressing digital innovations
Consultants to the industry
Software providers to the industry (cloud, engineering, ERP)
Suppliers to the industry (telecoms, IoT, SCADA, EPC)