Disruption and digital: Business transformation should drive technology adoption,not the other way around

摘要

It is not news that the energy landscape is in a state of disruption,driven by decarbonization,electrification,decentralization,developing markets,digitaliza-tion and the need to design for efficiency.Companies can and will speculate about the future energy mix and the role of oil and gas.They will adjust their portfolios accordingly.Over time though,in our view,supply and demand will tend to even out and returns will be fairly robust all along the value chain.If you're in an asset for the longer-term,it's probably okay to say that you can do so without regret and as long as you're prepared to do business in what will undoubtedly be a more complex and competitive energy landscape.Complexity can be an opportunity and digitalization is the most important enabler of complexity.Energy businesses will increasingly rely on technology to gather higher volume data,perform more sophisticated analyses and create more precise process control.Digitalization will drive down exploration,drilling,completion,production and refining costs,and the competition between fossil fuels and renewables will be complicated.