How technology continues to impact the oil and gas industry

Policy Briefs

04.01.2024

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How technology continues to impact the oil and gas industry

According to the most recent research conducted at the end of last year by the consulting firm Accenture, 70% of industry leaders and 50% of laggards consider enterprise-wide transformation to be a critical component of remaining competitive. At the same time, more than 200 oil and gas industry executives participated in the global survey.

At the same time, according to the consulting firm McKinsey, carrying out a comprehensive digital transformation in chemical companies can improve average earnings before interest, taxes, depreciation and amortization (EBITDA) by 8.5–16.0 percentage points. Earlier Siemens studies (from 2017) show a similar assessment of the effectiveness of digitalization implementation - at least 20%.

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