Field development involves many different parties, including the owner-operator, partners, the front-end engineering design (FEED) company, and the engineering procurement and construction (EPC) company, as well as the many contractors supplying materials and executing work. Digitization affects each of these parties in a different way.
Introducing digital transformation is therefore not just about technology. It’s about rethinking how field development is executed from start to finish. Here are the key questions currently under debate in the oil and gas ecosystem:
BCG helped a global oil-services provider develop a vision for its digital field development, enabling it to leverage its broad and deep expertise across the oil and gas value chain in order to reduce the total cost of ownership of developments.
BCG and the company worked together to design the concept for a digital offering made up of three building blocks: a digital collaboration platform, a digital design engine, and an advanced data-sourcing solution.
The concept will offer a number of benefits:
Ultimately, these benefits will reduce field development time and cost while improving quality.