Technological Advancement Study For Oil & Gas Industry

Oil & Gas

A multinational oil and gas company that wanted to understand the established ongoing technology trends embedded in the oil and gas industry.

Overall competitive scenario

BUSINESS OBJECTIVE

To maximize the benefits by effectively tapping into the prevailing market opportunities.

OUR APPROACH

Research Premise

Domain experts conducted primary research with several stakeholders within the oil and gas industry, C-level executives of leading companies, technology experts in order to capture insights on imminent technology trends based on following attributes:

Experts collate and analyzed the data paid and non-paid sources like company websites, news articles, press releases, company annual reports and investor presentations to recognize the following:

How evolving technologies would affect their potential consumer base: identified newer trends and align them with customers’ preferences
Technology Landscape: evaluated the technological advancements occurring in the industry.
Robotics and other automated technologies
Internet of things (IoT) integration
Augmented and virtual reality software for 4D seismic technology
Drone Technology: for better monitoring and surveillance
Administration process: using better Fleet-management solutions
Advanced communication solutions

Geographic Coverage: EU-5 (France, Germany, Italy, Spain & UK) & India

Digital tools to read and interpret data on pipelines, wellhead conditions, and mechanical systems
Major constraints
Pricing Trends of adoption of current technologies
Future Expectations

Value Delivered

Comprehensive report was shared in PDF format.
In-depth analysis and key insights assisted the client to understand the following:

Current technology trends

Potential problems

Disclosed several areas for improvements