Evolution of Digital in Energy, Oil & Gas

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    1995
    • Horizontal drilling becomes more affordable
  • 2000
    • 4D seismic data adopted
    • Fast-Drill process implemented by Exxon Mobil
  • 2005
    • Oil field tech now enabled with wireless capabilities
    • Bidirectional microwave radios enable subsea wireless transmissions
  • 2010
    • The Drilling iBox System launched by GE Oil & Gas to effectively manage data overload
    • Data visualization becomes key for decision making
  • 2015
    • Coal demand peaked
    • Oil surplus continues to impact global oil prices
    • Kongsberg announces real-time well-monitoring
  • 2020
    • Increased need for data monitoring and management
    • Advanced Reservoir monitoring
    • COVID forced remote working, while also decreasing demand for oil
  • 2025
    • Oil demand will peak
    • Close to 50% of energy will come from renewable sources
    • Data optimization key to reduce costs & maximize energy production