Oil & Gas Digital Transformation Assessment

Introduction

The oil and gas industry has been experiencing a roller-coaster ride as the world is looking for the new normal. ARC Advisory Group has a developed this brief survey to ascertain the current state of adoption of digital transformation among oil & gas companies and to learn which operational areas and/or applications are benefitting and what challenges (i.e. technical, cultural, etc.) have been hindering firms from realizing maximum business and/or operational value.

Privacy: Your privacy is assured, and your identity will not be released to others. Your responses and the responses of your peers will be included in the instant results receive after taking this survey. If you have questions about the survey, please contact Tim Shea at tshea@arcweb.com

Question Title

* 1. What is your firm’s experience in adoption of digital technologies such as advanced analytics, machine learning, digital twin, remote operations – monitoring and control, etc.?

No adoption, none planned in next 12-24 months

No adoption, but planning to start POCs within next 12-24 months

Currently in Proof of Concept (POC), waiting for results before next action

Currently in POC, results look good and expecting rollout within next 12 months

Completed POC(s), challenges encountered which require resolution prior to further rollout within next 12 months

Completed POC(s), results successful and moving to larger rollout

Deploying/deployed digital technologies and realizing operational benefits in one or more operational areas

Question Title

* 2. What major operational areas/applications does your firm anticipate adopting digital technologies in order to optimize operational performance (check all that apply)?

Drilling optimization

Well monitoring/optimization

Artificial lift/pump optimization

Compressor/turbine optimization

Other equipment/asset optimization (please specify below)

Field service-related tasks

Pipeline operations optimization

Supply chain optimization

Other (please specify)

Question Title

* 3. For those conducting POCs or deploying digital technologies, what challenges has your firm experienced that are hindering your firm from realizing maximum business value (check all that apply)?

Interoperability/Integration challenges

Cybersecurity concern

Lack of standards

Lack of internal resources/expertise to test or deploy successfully

Workforce is not trained to benefit from digital transformation

Work procedures/processes not designed to benefit from digital transformation

Company culture does not foster innovation/embrace new technologies

Upper management does not believe in/see benefits of digital transformation

No challenges experienced

Other (please specify)

Question Title

* 4. What is your firm’s outlook in terms of the business investment for Capex over the next 12-24 months?

Same level of investment as this year

Increase in investment of 0.1% to 5%

Increase in investment of more than 5%

Decrease in investment of -0.1% to -5%

Decrease in investment of more than -5%

Question Title

* 5. What is your firm’s outlook in terms of the business investment for Opex over the next 12-24 months?

Same level of investment as this year

Increase in investment of 0.1% to 5%

Increase in investment of more than 5%

Decrease in investment of -0.1% to -5%

Decrease in investment of more than -5%

Question Title

* 6. For those deploying digital technologies today/near future, what is your firm’s outlook in terms of the investment in digital technologies over the next 12-24 months?

Same level of investment as this year

Increase in investment of 0.1% to 5%

Increase in investment of 5.1% to 10%

Increase in investment of more than 10%

Decrease in investment of -0.1% to -5%

Decrease in investment of more than -5%

Question Title

* 7. How important is it to have other oil and gas firms successfully deploy digital technologies prior to your firm from considering testing or adopting these new technologies?

Very important, it will not happen otherwise

Important, since it can help speed decision-making process

Not at all important, we realize the need to digitally transform

Not a factor, since no plans to consider adopting in next 12-24 months

Question Title

* 8. What segment of the oil and gas market does your firm operate?

Upstream

Midstream

Both

Other (please specify)

Question Title

* 9. Are you an end user, supplier, or involved in the industry in another capacity?

End User or Asset-Owner

Supplier of Technology

Oilfield Service Provider

Engineering Firm/Systems Integrator

Consultant

Question Title

* 10. Please describe your function in the organization

Operations

Production

Maintenance

Engineering

IT Services

Site / business units technical and production management

Other (please specify)

Question Title

* 11. What region are your located in?

North America

Europe/Middle East/Africa

Asia

Latin America

Question Title

* 12. What is your role?

C-Level Executive

Vice President/General Manager

Director/Department Head

Manager/Supervisor

Engineer/Consultant

Researcher/Scientist

Question Title

* 13. If you would like to receive a summary of the report findings please provide your name and contact information

Name

Company

Email Address