Recommendations

摘要

Based on the survey responses, implementation of Digital Oilfield technologies hinges on solving the top two perceived hurdles of budget constraints and the existence of organizational barriers. Increasingly, the status quo is not enough. To move forward, the existing business model and corporate culture of the industry needs to change and adapt to the new reality of potentially longstanding low commodity prices that make the business model of three years ago obsolete. Companies need to become more nimble, less risk-averse and open to new motivational and decision-making processes. The following recommendations could speed the implementation of digital technology and make the Digital Oilfield a reality.