Monday, September 16, 2019

Statoil's Digitalization Drive

May 22, 2017

Eldar Sætre, Statoil’s chief executive officer. (Photo: Ole Jørgen Bratland)

Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. 
 
Towards 2020 Statoil (STO) expects to invest $120 to $240 million in new digital technologies, accelerating the digital roadmap work. Digital technologies will also be part of other Statoil technology and research projects.
“Aiming to be a global digital leader within our core areas, we are now stepping up our efforts to capture opportunities provided by the rapid development within digital technologies,” said Eldar Sætre, Statoil’s CEO.
 
The oil industry is already extensively using IT technology and digitalization, but the rapid technological development creates new opportunities, particularly within the following areas:

Digitalization of Work Processes
 
- Advanced Data Analytics
Improving the understanding of extensive and complex data for better decision-making by means of advanced data analytics and machine learning.
 
- Robotics and Remote Control
Increasing the operational regularity, reducing costs and improving safety and security by reducing human activity in physically intensive activities. Examples of this are robotic drilling and automated installations.
“Digitalization can help improve the safety and security of our operations, both by means of data that provide us with a better decision-making basis, and through reduced exposure in risky operations. A combination of digitalization, standardization and a culture for continuous improvement may drive cost reductions, and form the basis for increased value creation and activity,” Sætre said.
 
- Digital Center of Excellence
Statoil is establishing a digital center of excellence that will coordinate and manage the digitalization efforts across the company. The center of excellence will collaborate with external specialist communities, have dedicated units for data analytics, machine learning and artificial intelligence, as well as leaders for digital programs. Statoil will recruit candidates for the center of excellence both internally and externally, and the leader will report to Statoil’s chief operating officer (COO).
 
Seven Programs for Digitalization
Statoil is establishing a roadmap with seven programmes in the further digitalisation process:
 
1. Digital safety, security and sustainability
Using data to reduce safety risks, improve learning from historical incidents, strengthen security, and reduce the carbon footprint of our operations.
 
2. Process digitalization
Streamlining of work processes and reduction of manual input across the value chain.
 
3. Subsurface analytics
Improving data accessibility and analytical tools for subsurface data, enabling better decision-making.
 
4. Next generation well delivery
Enhancing utilization of well and subsurface data for planning, real-time analytics and increased automation.
 
5. Field of the future
Smart design and concept selection by maximizing the use of available data, and integrating digital technologies in future fields.
 
6. Data-driven operations
Using data to maximize asset value through production optimization and maintenance improvements.
 
7. Commercial insights
Improving analytical tools and data accessibility within our commercial areas to enable better decision-making.

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