Digital technologies are poised to make an impact on the oil and gas industry, but when? What will be the impacts? Which technologies will have the greatest impact? How big will the impact be? How will these technologies be best implemented? How can companies, suppliers, regulators, and employees prepare for these changes? What does this mean for your oil and gas career?
Participants learn the terminology and backstory to digital innovation in the industry, a framework for thinking about digital technologies, the maturity and impact of leading technologies, and the likely opportunities in upstream, midstream, and downstream.
Define digital terminology.
Lead digital technologies impacting oil and gas.
Pace nature of the impacts of digital technologies on oil and gas.
Oil and gas industry professionals.
Technology industry professionals.
Field service companies.
Consultants to oil and gas.
A working definition of digital.
Digital or Not Digital? (7 questions).
Two Laws of Digital.
Metcalfe's Law in action (3 questions).
Capital Markets and Valuation.
Case Assignment -- SWOT Analysis (3 questions).
Critical Insights from Early Adopters.
Identifying New Business Models (4 questions).
Recap of Learning Goals.
Oil and Gas 101 -- Overview of Industry -- Learning Goals
Origins of Hydrocarbons
True or False: Where does oil come from (1 question)
What is Petroleum?
Oil benchmarks (1 question)
What is Natural Gas?
Value of Oil or Gas (1 question)
Extracting Oil and Natural Gas
How Exploration and Production Work
Oil comparison (1 question)
Overview of Oil and Gas Value Chain
Oil and Gas Upstream -- How Does It Work?
Exploration Rights (1 question)
Oil and Gas Midstream -- How Does It Work?
Oil and Gas Downstream -- How Does It Work?
Challenges of the Oil and Gas Value Chain
The History of the Oil and Gas Industry
OPEC (1 question)
Oil industry formation (1 question)
Oil and Gas -- Sample Challenges
Oil and Gas 101 -- Conclusions
The Digital Framework Overview.
How Data, IOT, AI, and Robotics fit in the Framework.
Data, IOT, AI, and Robots (8 questions).
More Framework Components Cloud, Blockchain, and ERP.
Exploring Cloud computing, Blockchain, and ERP (6 questions).
Talent issues in the Digital Framework.
Framework recap and combining technologies.
Elements of the framework (4 questions).
Recap Learning Goals.
Digital Opportunity Mapping.
All about Data.
All about the "IoT".
Data and IoT quiz (5 questions).
Artificial Intelligence (AI).
Robotics (Bots).
AI and Bots quiz (3 questions).
Recapping Data, IoT, AI, and Bots.
Digital Opportunity Analysis "Part 1".
Cloud Computing.
Blockchain in Oil and Gas.
Blockchain and Cloud Computing Quiz (5 questions).
ERP in Oil and Gas.
ERP Quiz (3 questions).
Recapping Cloud Computing, Blockchain, and ERP.
Digital Opportunity Analysis "Part 2".
Gamification.
3D Printing.
Gamification and 3D Quiz (4 questions).
Digital Reality.
Recapping Emerging Technologies.
The Maturity Model and Oil and Gas.
High Impact, High Maturity.
Medium Impact, High Maturity.
Maturity Model True or False (4 questions).
Medium impact, Medium maturity.
High impact, Low maturity.
Low impact, Low maturity.
More True and False about the Maturity Model (4 questions).
Digital Maturity Adjustment.
Timing and Fuse.
Applying the framework to the value chain.
The pace of change (3 questions).
Recapping Fuse and Bang.
What is Upstream?
Key Business Issues.
Digital Impacts.
Business Model Impacts.
Which is better? (5 questions).
What is the midstream?
Key business issues.
Ease of adoption of digital in Midstream oil and gas (4 questions).
Digital Impacts.
Business Model Impacts.
Using Digital Twins (3 questions).
Recapping Midstream Oil and Gas.
What is downstream oil?
What is downstream gas?
Key Business Issues in Downstream Oil and Gas.
Business issues in different markets (5 questions).
Orthodoxies of Downstream Oil and Gas.
Digital Impacts on downstream oil and gas.
Business Model Impacts in Downstream Oil and Gas.
Digital technologies and Fuel Retailing (5 questions).
Recapping Downstream Oil and Gas.
Learning Goals in Digital Management Issues.
Getting Started.
Focus on digital roadmap (3 questions).
Organizing a team.
Building a Digital Team (1 question).
Agility.
Agile methods in oil and gas (1 question).
Cyber concerns in oil and gas.
Cyber Issues in Oil and Gas (4 questions).
Change Management.
Talent issues in the Digital Framework Roadmap Building.
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Large capital-intensive projects in the oil and gas industries require substantial - and mostly risky - investments in the acquisition, exploration, and subsequent operation and maintenance of new organizational assets.
The decision of whether or not to invest in new capital projects in the oil and gas industry starts with critical decisions during the exploration phase of new development or the expansion of an existing field. The decision-making tools used to analyze project risk under conditions of uncertainty will help companies to determine the probability of success or loss and will drive the decision to develop or abandon the well.
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