Back in the day, the introductions of 2D, and later 3D, seismic and completely steerable bottomhole assemblies were heralded as seismic shifts in the oil field’s progression from its roots of dumb iron and luck to more of a scientifically oriented enterprise. The string of innovations that has debuted since would likely short-circuit the mental dashboards of some of those early digital trendsetters. In April alone, we saw an operator engineer digital twins of two offshore platforms so that operations can be conducted in the comfort of an onshore office, and a contractor and cloud-based energy platform join forces to simplify the full automation of AC-powered land drilling rigs. The foundation of all this can be traced to rapid acceleration in the collection of pertinent, accurate and actionable data. "I’ve seen so much value created with data through the years," says Jim Claunch, expert partner–digital transformation for consultancy Bain & Company. "As an industry, we’re learning more and more about the power of data." Claunch made the comments while moderating a Reuters webinar in March that explored the leveraging of data to scale digital transformation and improve bottom lines. Representatives of super-majors ExxonMobil and Shell, along with independent Northeast […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
