Digital Oil & Gas Exploration

Information technology is vital to oil and gas exploration, which is one of the most data-centric segments of the oil and gas value chain.

Exploration requires data processing on a vast scale and high computing power for intensive modeling. While data-driven decision making has been at the heart of exploration for many years, digital now presents valuable data and analytics opportunities that can speed up reservoir interpretation as well as the time it takes to reach first oil.

BCG experience has identified two digital strategies that company leaders need to consider in order to maximize these opportunities: