The Global Innovation in Oil and Gas Supply Chain Management, 2019 report provides an overview of emerging technology areas, industry shifts, company profiles and ensuing business model transformations surrounding drilling activities, with a specific focus on onshore operations. It will also offer clients a holistic directional analysis of the drilling, completion, production and water management supply chain ecosystem till 2025.
Determining which technologies to develop and communicating innovation's value to include practices beyond research and development is required to sustain a culture of continuous innovation and meet future demand in the upstream supply chain. Though, the industry is still lacking in this area. Upstream oil and gas is increasingly focused on cutting costs and improving recovery rates through radical innovation and digital transformation.
All merging technologies have disrupted man industries, forcing supply chains to adapt and create faster information transfer and seamless parts movement. Predictive ordering, replenishment, transportation and smarter inventory management have been introduced with the help of start-ups.
The study covers six main technologies across each supply chain section. Apart from the regular impact that the technology creates and the outcomes attained by operators, technology providers are also listed. In addition, technology providers of key technologies are discussed while key technologies are separated by individual processes - drilling, completion, production and water management.
Each process is further analyzed based on what technology is used and how it is used. Technologies used in each process are first listed and individual outcomes are analyzed separately. Then, individual operators' use of upcoming technologies and the transformation obtained are profiled. Each operator and OEM's adoption of the above technologies and their benefits attained by them are discussed in detail.
Additionally, future shifts and business models are evaluated and how operators are equipped them for the changing technology development is also studied. The digital transformation happening in the oil and gas industry and the opportunity it provides for the businesses are discussed. It also discusses the maturity model of how much and where the technology is adopted. The study discuss the digital value chain and critical aspects of the digital transformation of the upstream oil and gas supply chain.