Name : Atharva Hublikar

SPE membership no : 4588252

Chapter : MIT, Pune Student chapter

Digitalisation in Petroleum Industry

With rapid development of national economic construction , there is a great demand

and dependent on petrolic in various industries. The international price of Petroleum has
kept at a high level in recent years, so production efficiency on domestic oilfield is
urgently needed to be improved, new requirements for oilfields information construction
is raised, construction of information and digitalization become development direction for
Petroleum industry. Industries and companies unable to adopt digital transformation are
likely to have a short life span in the current digitally driven global competitive
environment.

The upstream sector started the digital journey decades ago, leading to incremental
improvements. The first step of this journey is “digitization,” which is the creation of data
in digital form. Traditional utility line monitors, and other equipment provide digital
metrics at different frequencies but there are still many operations that are not fully
digital, such as daily drilling reports and log reports.

The four pillars of the E&P digital transformation are ◗ Automation ◗ Real-time resource
optimization ◗ Integrated technology platform ◗ Big data analytics.

These main pillars can be decoded in following manner. The main areas of focus for
digitalisation in any petroleum Industry are:

 Using data to reduce safety risks, improve learning from historical incidents,
strengthen security, and reduce the carbon footprint of operations.
 Improving data accessibility and analytical tools for subsurface data, enabling
better decision-making.
 Enhancing utilisation of well and subsurface data for planning, real-time
analytics and increased automation.
 Smart design and concept selection by maximising the use of available data,
and integrating digital technologies in future fields.
  Using data to maximise asset value through production optimisation and
maintenance improvements.

Advanced embedded technology and Digitalisation can improve the level of Oilfield
security, enhance its security checking, strengthen the management. It has the important
significance and social, economic benefits for the dependability and the controllability of
remote communication.

Hence by Digitalisation in Petroleum industry we can make use of Digital technologies

to change business models and provide a new revenue and value producing opportunities