Digital transformation is changing the world’s economies but also changing market and workforce conditions. Currently, a period of disruption of great magnitude is observed on several fronts in the oil and gas industry. Also, volatile oil prices increase the complexity of the energy sector, where digital technologies, energy transition, and consumer-centric energy demand create uncertainty. So the question is, how can oil companies reinvent themselves and redefine objectives that will drive the changes needed to remain competitive in the market?
According to a report by the consulting firm Accenture entitled “Reinventing the Oil Industry: Toward a New Era,” there are three fundamental factors to consider to drive the industry’s digital transformation:
- Adopting next-generation digital technologies.
- Build a workforce for the future.
- Satisfying investors and other stakeholders.
For example, the implementation of registry technologies such as blockchain, artificial intelligence, extended reality, and quantum computing presents an opportunity to improve existing processes and make them more profitable and sustainable. Likewise, it is essential to keep in mind a long-term vision that keeps in mind the energy industry’s transformation and thus includes disruptive technologies that develop its digital capabilities and optimize its productivity.
That said, digitalization today is a fundamental feature for oil and gas companies for the following reasons: increase their productivity, increase their competitiveness in global value chains and move towards more sustainable business models.
At Nakasawa Resources, in line with our commitment to developing more profitable and environmentally friendly enhanced recovery processes. We have developed the Super Matroid Heater and Super Matroid Cyclone technology, which already bring built-in elements of digital intelligence as tools for recording the parameters that influence the operation of our technologies and ensure process safety and quality.
It is no secret that the digitization of processes allows companies to improve their resilience, speed up production, improve efficiency and reduce delivery times, downtime, among others. However, the real question is: will companies be able to add these transformations to their operations and processes in time to continue to compete? Those that haven’t started yet maybe a little late.
Owner of several companies in the energy and mining sector, and inventor of the design and engineering of the Super Matroid Heater and Ultra Filtration Systems for the oil and gas industries.
