Digital themes Four themes are central to the digital transformation of Oil and Gas over the next decade:
Digital asset life cycle management. New digital technologies combined with data-driven insights can transform operations, boosting agility and strategic decision-making, and resulting in new business models.
Circular collaborative ecosystem. Applying integrated digital platforms enhances collaboration among ecosystem participants, helping to fast-track innovation, reduce costs and provide operational transparency.
Beyond the barrel. Innovative customer engagement models offer flexibility and a personalized experience, opening up new revenue opportunities for Oil and Gas operators, and new services for customers.
Digitalization is touching every part of JVKUSA E&P and its JV associations Upstream, including the development projects, exploration, downstream, the corporate center and it will change how we plan, we develop, we monitor and we are managing businesses while we are at the same time improving margins and efficiency, lowering costs and delivering long-term value. 01.29.2024
JVK-JV:Energizing new energies. The digitization of energy systems promotes new energy sources and carriers, and supports innovative models for optimizing and marketing energy. To remain relevant to customers, the Oil and Gas industry must understand the full impact of these changes on the broader energy system.
Recommendations for successful digital transformation Digital transformation could transform the way people work and live at a scale comparable to major industrial revolutions of the past. While digital transformation has tremendous potential to benefit industry and society, it is by no means guaranteed that its full value will be unlocked. To do so, all major stakeholders – including coordinated regulatory efforts to maximize the value of digitalization for society and across industries – must engage in focused collaboration and determined action. Successful digitalization will require collaboration between industry leaders.
With our New digitalization technology JVK-JV will reach a reduction in production costs in our new projects thanks to with our advanced algorithms team to ensure reduced asset downtime and higher production rates with predictive analysis systems.