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Poll results: Engineers say digitalisation is essential for the future of the Oil & Gas industry

20/05/2019
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With many industry experts calling for more digitalisation in the Oil & Gas industry, we asked the EngineeringPro community whether this focus was justified.

Our poll results show that engineers believe digitalisation is essential for Oil & Gas companies

The results are clear. Despite a few sceptics, Engineers in general believe that digitalisation is essential for the future of Oil & Gas.

When we discuss digitalisation we’re talking about a series of tools that can offer benefits at every level of the industry. These can include sensor networks, field automation, artificial intelligence, robotics, blockchain and virtual reality.

Until this point, many Oil & Gas companies have been less reliant on upcoming technologies as other sectors. Embracing digitalisation not only requires investment in the technologies themselves, but in training and new talent. A fully digitalised change will significantly shift the skillsets required in workers. 

The initial shift into these areas can take up a significant portion of total maintenance budgets, which is one of the reasons digitalisation has taken so long to be implemented. But with tools such as predictive modelling already demonstrating huge value to companies that have implemented it, it’s not surprising to see companies, experts and engineers ready to embrace the change. 

Many industry experts are already seeing the impact that these developments are having on the operating models and market supply chains. And that is why 76.19% of our readers said that companies need to invest more in digitalisation or risk being left behind.

That does, however, leave almost a quarter of engineering professionals who do not agree - arguing that the costs of new technologies, training and specialists outweighs the benefits. 

LinkedIn commentor Denis Rashevsky said:

“Digitalization for O&G is just a huge name. There is no solution for any big O&G company to go digital. There is no understanding within O&G companies on how internal departments interact with each other. What are KPIs for each department. Another problem is office - field gap. So digitalization must undergo through clustered approach by department within one main "digital vision" and fine tuned on the way.”

So what do you think? Do you agree with the EngineeringPro readers’ views, or do you think that the idea of digitalisation as the future is too simplified in itself?  Let us know in the comments below.

This week’s EngineeringPro poll will be published later today.

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Poll results: Engineers say digitalisation is essential for the future of the Oil & Gas industry - Time to read 2 min
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