RUSSIAN OIL: Digitalization of Oil and Gas Asset as a Way out of the Perfect Storm

09.06.2020
RUSSIAN OIL: Digitalization of Oil and Gas Asset as a Way out of the Perfect Storm

The perfect storm is a situation that developed due to a combination of unfavorable factors, as a result of which their total negative effect increases significantly. This is how we can now describe the situation in which oil and gas companies have been since spring 2020. In order to stay afloat, companies should manage their resources more effectively and act more accurately and efficiently than before. The surest path to quick wins is digital technology. It is clear that the Intellectual Field cannot be built in two months, but the initial steps such as conducting a survey, identifying areas and objects for optimization, getting rid of bottlenecks and increasing production efficiency using integrated modeling must be done now. The ITPS team of experts spoke about this in more detail on the pages of the leading industry publication Russian Oil.    

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