Transcription:

Welcome to Vidyacast, the smart doses of industries innovation podcast.

On today’s episode we would like to invite you all to check Vidya Technology participation on the Future Oil and Gas event.

The Future Oil & Gas conference examines how the upstream oil and gas business is being shaped by digitalization, disruption, and innovation.

The conference will examine the industry’s core challenges and possibilities, with an emphasis on strategies for putting together a technological collaboration roadmap, data interoperability, and recognizing the true value of leadership in a digital age.

Operators, oil service businesses, EPCs, energy institutes and associations, drilling companies, exploration and production firms, integrated solution providers, researchers, and technology innovators are among the attendees at Future Oil & Gas.

As well as big industry players such as Shell, ExxonMobil, Equinor and Petrofac.

The event will receive more than a thousand oil and gas professionals, with more than 25 sessions on key topics. The event will happen on November 16 and 17 and registrations can be done online.

In the event discussions on ways of working with digital transformation will be made. It will be possible to discuss how the Upstream Sector will be transformed and how management structures will change through greater maturity in digitization

Also, how to embrace and develop compliant data models, and better understanding of the role of data in energy transition

Sustainable Operation models is a main theme in industries nowadays. Future Oil and gas will provide space for industry leaders to discuss the arrangements and evolutions on Greener Practices and improvement in decision making, carbon capture, digitalization and decarbonization, and electrification of Oil and Gas platforms.

Data about industry digital transformation reveal the big importance of the event according to a research conducted by PWC, “Less than half of oil and gas executives say they have a well defined innovation strategy compared to 79% of the top innovators across industries.’’

Another study published by businesswire pointed out that the market will witness recovery in the year 2021, and it is expected to reach an estimated $1.4 billion by 2026 with a CAGR of 6.5% from 2021 to 2026. The major drivers of growth for this market are increasing oil and gas drilling and exploration activities in future.

These data corroborate the importance of innovating and getting ahead of the technology trends on the field to be ready for the next year and promote a more sustainable, safer and efficient operation. The Future Oil and Gas free and online event is the perfect opportunity to identify those innovations and trends, generate insights, besides enhancing networking connections.

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