150 leading operators, technologists, contractors and experts convened at Aberdeen’s Robert Gordon University on 12-13 June at the second Future Oil & Gas conference and exhibition.
Data, partnership and cultural change were top of the agenda. Delegates heard how existing data is underutilised and how AI can be applied to use, sort and analyse data in the sector. Speakers expressed the problem of the fear of sharing data and the need to control access to data for security reasons, while also determining to overcome the challenges of standardising data.
Future Oil and Gas speakers acknowledged that many of the technologies being adopted are not new and the industry has been slow to adopt digitalisation – but the rate of technological change is rapid and getting faster. Technology should be seen as an investment rather than a cost, which pays for itself and can free people from routine tasks to do more creative work and boost productivity.
The conference also revealed an industry already in a process of cultural change – not just through the adoption of technology but also in building transparency and trust within and between organisations - and indeed learning from other industries. Crucially, partnership between operators and contractors is seen as the key to the future success of the industry.