Insight
Digitalisation in upstream: show me the money
Report summary
US$75Bn. That’s the cost saving prize on offer from digitalisation in upstream over the next five years. But how close is industry to achieving this? In our first insight on digitalisation, we identified that up to US$150bn in operating cost savings could be achieved across all of the Energy and Natural Resources sectors from digitalisation. For upstream alone, we believe there are huge prizes on offer at every stage of the E&P lifecycle. This insight drills down into digitalisation in the upstream sector, identifying where and how the technologies will impact.
Table of contents
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Introduction
- What's new?
- Digitalisationin practice
- Exploration and appraisal
- Size of the prize:
- Drilling and completion
- Offshore
- Size of the prize:
- Unconventionals
- Size of the prize:
- Development
- Production
- Inspection, repair and maintenance
- Size of the prize:
- Production optimisation
- Size of the prize:
- What's the catch?
- How Wood Mackenzie can help
Tables and charts
This report includes 6 images and tables including:
- Digitalisation in the E&P lifecycle
- Potential gains in the exploration phase
- L48 decline rate management using smart production system
- Potential NPV gains in L48
What's included
This report contains:
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