The oil and gas industry plays an extremely significant role in the economy, providing energy for manufacturing, business and daily life activities through the exploration and processing of resources such as crude oil and natural gas. In the context of the global economy facing numerous challenges, OPEC forecasts that the demand for crude oil will continue to increase in the next 3-5 years. Regardless, since natural resources are finite, the shift to green transformation is an inevitable and urgent solution for the oil and gas industry to protect the environment and ensure sustainable development.

The transition process needs to be synchronized across the entire oil and gas value chain, including upstream (exploration and production), midstream (transportation and storage) and downstream (refining and retail). Accordingly, digital transformation is the answer to the above problem, working alongside green energy transition, assisting oil and gas businesses to optimize exploration and production operations, as well as converting to other energy sources and renewable energy.

Digital transformation brings optimal efficiency thanks to data-based operating mechanisms. Although the oil and gas industry is a pioneer in the use of high technology and that activities in the industry value chain create billions of data every day, currently only a small proportion of them is exploited in management, production and business operations.

FPT Digital’s report on “Digital transformation in Oil and Gas industry facilitates the industry’s sustainable development”, including:

• Overview and the current landscape of the Oil and Gas industry globally and in Vietnam.
• The Oil and Gas value chain.
• Digital transformation of the Oil and Gas industry globally and in Vietnam.