Emerging Technologies Month Oil & Gas Digi-Conference
The Covid-19 pandemic has caused an unsettling change in the global marketplace with price fluctuations and a sharp drop in demand for several key industries especially oil and gas. To limit the effect of this crisis, many companies have adopted some quick, short-term steps to cut their costs and remain afloat. However, the uncertainty of how this pandemic’s impact will unfold or how long it will last, has created a necessity to reconsider strategies and implement efficient long-term measures to align with the new norm, mitigate the risk, and ensure continuity.
Digitalisation and adoption of emerging technologies have proved, for many industries, to be an efficient strategy in navigating the pandemic and oil and gas sector is no exemption, as disruptive technologies can enable efficient and effective operation for the industry and transform the way it operates during the covid-19 crisis and beyond. Technologies, such as advanced computing and data analytics, drones, IIoT, AI, VR, digital twin, and robotics, enable effective remote working and help with overcoming the challenge of reduced onsite workers, ensure uninterrupted plant operations, and improve productivity. They also play a key role in cost reduction especially for maintenance and engineering.
This DigiConference will look at key disruptive technologies and how the oil and gas industry can capitalise on their benefits to navigate the pandemic and emerge stronger once it is over. It will bring together oil and gas industry CIOs, digital transformation, cyber security executives and technology experts and consultants to discuss latest technology developments and challenges faced and share knowledge and lessons learnt to advance the industry’s digitalisation, resilience and explore means to achieve sustainability in the new norm and beyond.