A UTOMATION, DIGITALISATION & CONTROL
Transforming data into action
Across a global fleet of 400+ tracked vessels, Opsealog has already helped to deliver 80,000t of CO2 savings.
THE WAKE OF A TUMULTUOUS 2020 HAS LEFT BEHIND A NEW AND FASTCHANGING SET OF CHALLENGES FACING OIL & GAS INDUSTRY LEADERS. IN AN ERA OF ALREADY SLIM OPERATING MARGINS, THE ABILITY TO FIND EFFICIENCIES IN THE OIL & GAS MARKET HAS ONLY BEEN EXACERBATED BY THE COVID-19 PANDEMIC. WORDS BY ARNAUD DIANOUX, CEO AND CO‐FOUNDER OF OPSEALOG. ALL PHOTOS COURTESY OF OPSEALOG
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t the same time, the industry and society at large are demanding a dramatic reduction in carbon emissions. The pandemic, and the change in sentiment it has triggered, has ensured that strategies for the oil & gas market are now under continuous scrutiny. This has shone the spotlight on both upstream and downstream traditional energy markets, and their relative value and asset longevity when compared to low or zero-carbon alternative energy sources, including offshore renewables. An energy transition is inevitable. We have already seen a slump in the value of asset values and share prices of traditional energy companies to a point where far lesser-known renewable energy companies have greater capitalisation values than traditional energy majors.
High potential
The question becomes how best to navigate this energy transition and dampen the impact of market volatility. Not just to survive, but to build a mid-long term operating strategy that can thrive in this new era. This starts and ends with focusing on operational efficiencies that can protect margins and allow finite assets to operate profitably for longer, while complying with emissions regulations, reducing their environmental impact, and creating a pathway to a more sustainable future. As it happens, one of the most powerful tools in our arsenal is ready and waiting. The digital revolution has given us access to data on an unprecedented scale. But although digitalisation offers huge potential, just digitalising your operations is not enough. It’s not just the data, it’s what you do with it that counts. So how can operators turn their
o ffs h o re -i n d u s tr y. e u
08-02-2021 11:26
