energytechreview

| | NOVEMBER 20186E ERGYTech ReviewThe legacy of the oil industry has always revolved around mastering a set of traditional engineering skills. Digital oil fields are the primary step towards said mastery. With developments made as early as the 70s, the turn of the millennium brought forth the realization of IT and with it a plethora of technology, leading to a more streamlined and automated approach toward execution of tasks by cross functional teams. Crew change, global workforce distribution, real-time data availability and rising expense of recovery options are all long pending demands to be addressed, but it isn't all doom and gloom. Evolution is unmarred as digital oil fields will expand horizontally, encompassing every aspect of engineering and operation. Vertically, it will connect with every other functional component of the company from finance to human resource management for optimum utilization of available resources. The paradigm shifts as digital oil fields become automated oil fields with the bare minimum human involvement. Information sourced from each core department is administered centrally, to churn out BPM process optimization, planned workflows, and custom notifications. Of course, keeping up with the pace of these transformations is easier said than done. With overhead investment weighing heavily upon both investors and the senior management, inducing these changes require adoption of tailored solutions that cater to unique needs while keeping an eye on minimizing costs and overhauls. The results then would speak for themselves as corporations grow more confident in their use of digital oil fields, driving a desire for greater standardization of their systems across assets and regions. To this end, Energy Tech Review is bringing to the foray the collective intelligence of industry experts with a list of promising leaders, delivering pioneering digital oil field solutions for the 21st century.Unleashing the Digital Potential in the OilField RealmCopyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. E ERGYTech Review NOVEMBER - 16 - 2018, Vol 02 - Issue 04 Published by ValleyMedia, Inc. To subscribe to Energy Tech ReviewVisit www.energytechreview.com SalesRich Gonsalvesrich@energytechreview.comVisualizersRonald DonovanManaging EditorCharlotte SmithE ERGYTech ReviewEDITOR'S DESKCharlotte SmithManaging Editoreditor@energytechreview.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorial StaffAaron Pierce Ava GarciaVian IsaacJoshua Parker Kenny Peruzzi
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