Agenda

Speakers(s):

In today’s and tomorrow’s world, investors, governments, corporations, and the public at large must choose between competing energy solutions. Their criteria will not be limited to economic attractiveness [like returns-on-investment or affordability]. More transparency and comparability on the social and environmental impact of energy projects and energy consumption are needed.

Digital solutions can enable an informed discussion, engagement, and decision making, that is carried by a wide range of stakeholders. Holistic impact assessments are required to avoid single aspect debates – decisions essentially need to consider how to secure sustainable and affordable energy services to reach the UN Sustainable Development Goals,  safeguarding and promoting decent work conditions, enabling responsible production, more efficient waste handling, and more.  This applies to fossil and renewable energies alike.

Petroleum Engineers, as individuals, leaders, and as a society, are well positioned to be active contributors to this energy transition. We will focus on what we can do in terms of:

• Integrated Dynamic Capabilities
• Standards in triple bottom line (Environmental, Social, Economic) reporting
• Comparing competing energy solutions
• The potential (and urgency) of collaborations in Public-Private-Partnerships:  opportunities & best practices VS. blockers

We will elaborate a Playbook for what we can contribute to sustainable energy solutions with take-home insights on how to play as (a society of) professionals for the energy sector of tomorrow.  

Speaker(s):

The onset of Covid-19 and the subsequent drop in oil prices served as the ultimate stress test for most industrial companies. The crisis served as a reality check for those still in scaling mode of their digital journeys, testing the value of the investments made so far.

It has forced the companies to reflect and further examine what it takes to successfully take hundreds of use cases/proofs of concepts and digital experiments generated past years to production grade implementations. The past year has also amplified the sustainability dimension of industrial operations as companies come under more scrutiny by authorities, own employees and society at large.

This session will discuss how we can harvest the benefits of digital transformation with focus on scalability, profitability, and sustainability. Through practical use case examples, we will examine what are prerequisites for success for uptake and adoption of digital solutions as well as concrete success and failure stories. We will also discuss the technologies that are key to enabling industrial transformation and more sustainable production of oil and gas going forward.

Session Chair(s):

Speaker(s):

A good recipe always starts with simple ingredients, in our case: Vision, Talent, and Business. By participating in the SPE Workshop Session 3 on Digital Transformation to Digital Economy we will, in a very interactive format, work on these three key topics ensuring that you will go home with tangible answers to each. 

In the world café discussions, you will work on:

• The “Vision”, making everyone understand what digitalization means in and to the E&P industry.  We will leverage the experience and models of other verticals, adopting them to our industry painting a picture of our industry in the digital future that includes everyone.
• The “Talent”, to enable your workforce to embrace the digital transformation and draw benefits from it.  You think that is easy?  Then please share your experiences on how to upskill our staff, merge our domain know how with digital competencies, and ensure that our CTOs truly understand the opportunities and limitations of emerging technologies such as Artificial Intelligence.
• The “Business”, forging new ecosystems and business models.  Depending on which side of the table you usually sit, you will look into leveraging the new digital kids in the service market as an alternative or making sure that your offers and business models continue being attractive.  In the end, you all should walk away with an idea of win – win.

Session Chairpersons:

Moderator(s):

Speaker(s):

The world of digital transformation can feel like a melee of buzzwords, shiny objects, lofty promises, and futuristic advanced use cases.  The pillars of such a transformation, also known as Industry 4.0, are the rapidly evolving Industrial Internet of Things (IIoT), secure cloud computing, data analytics, big data solutions and artificial intelligence (AI). We have seen significant successes, but most have happened at business unit level – not at enterprise level. Scaling up has been a struggle, often hampered by culture, process and data issues.

How will industry finally reap the promised rewards from digital transformation?  In the world of Energy, we must first focus on the basics. The foundation for digital transformation comes through harnessing the strategic value of our data ecosystem.    

In this session we will focus on key digital transformation questions:

1. Moving fragmented data sources to a strategic data ecosystem: This topic will explore how to make technology independent data the foundation of digital transformation.
2. People & Culture: Despite our best efforts to remove people from the data equation, most transformational success comes from aligning people and process with need.  This topic will explore how people and culture can drive sustainable solutions.
3. Scalability: This topic will focus on how data maturity will help the digital transformation tsunami encompass the diversity and variation of data at the enterprise level.
4. Quantification: Measuring and quantifying success are critical to understanding how any transformation benefits industry.  Often neglected, this topic will explore mechanisms to understand what “success” looks like, and how we can track our progress.