Overview
What do you do if the market you operate in is destined to shrink and prices of your produce are set to fall? You must squeeze the most out of every dollar available. Driving efficiency through the ‘digital transformation of operations’ is going to be the focus area of the oil and gas (O&G) industry players.
They need to realize the digital oil field vision, which would require adopting a range of Industry 4.0 technologies to reduce onsite workforce, develop an integrated approach to asset management, adopt predictive maintenance practices, and many more.
Understand the digital imperatives and investment priorities for the O&G industry as it prepares for continued depressed prices—from a panel of industry experts at the Virtual Think Tank event.
Key insights
Demand to peak by 2029; the O&G industry will need to learn to live with lower demand and prices
Suppliers need to switch to a new commercial architecture based on outcomes
It needs to embrace AI-powered autonomous operations to do more with less
Information systems need to be organized around data, rather than equipment to realize circular, integrated, and predictive value chain
The value lies in combining digital tools and the supply chain solutions to minimize interfaces and remove duplication of activity
Panelists
Chirag Rathi
Director of Consulting,
Frost & Sullivan
Nav Chawla
Senior Director,
Digital Transformation,
Baker & Hughes
Jonathan Crane
Vice President,
Well Deployment, Shell
Rashi Gajula
Senior IT Manager,
Pioneer Natural Resources
Suhail Siddiqui
Director, Global Wells Supply
Chain Transformation, BP
Rajesh Sitaraman
Vice President, Head of
Oil & Gas, HCLTech
To know about our O&G services, reach us at MEGA-LT@HCLTech.COM.
Follow us at 
The ‘Virtual Think Tank’ exclusive report on O&G
Download the copy of the report to learn more about how the O&G industry can realize the digital oil field vision as it prepares to survive in the era of weak demand and low prices.
More from Virtual Think Tank
The future of aerospace and defense leveraging model-based Enterprise 2.0
Discover the current state of the aerospace enterprises and the five key shifts triggered by the 4th Industrial Revolution (4IR) that are opening up the market for innovative solutions and service providers—in this exclusive report by highly respected industry analysts and veterans who participated in this 'Virtual Think Tank’ event.
Supply chain transformation imperative
Learn from the manufacturing services industry leaders and the leading technology solution providers as to how the existing supply chain structure had been exposed by the pandemic, and what is the possible future state of global supply chains—in this report from the 'Virtual Think Tank’ event.