Connected Field Service In Oil & Gas And The Workflow Of The Future

By Pierre Hulsebus, Director Global Black Belt, Dynamics 365 Field Service in Energy and Manufacturing

In 2018, the U.S. became a net exporter of oil and refined products, producing 12.5 million barrels per day as of October 2019 due to onshore exploration and production companies. While new finds are still an important part of the business, in recent years the industry has shifted its focus to breaking down silos and maximizing productivity. The companies that are doing this successfully today are not only leveraging the new technologies that have helped them survive industry lows, but they are scaling out their solutions and maximizing the technology across workflows.

The workflow of the future is at our fingertips, but chances are, your oil and gas organization is falling behind the technological curve and leaving trillions of dollars on the table. By designing and implementing new technologies across your company, you could be adding up to $2.5 trillion to the existing return on investment for the industry. This huge cost savings comes in large part from greater operational efficiencies across field workers, supply chain managers, and operations teams.  

Today, data silos are creating challenges for oil and gas enterprises within the realm of integrated planning. With no holistic high-level oversight of operations, inefficiencies are practically expected. About 33.5% of oil and gas companies are currently addressing these silos by training their workforce in digital skills related to upstream. By joining them and adopting technologies like Connected Field Service, you and your teams can get a clearer picture of how each piece of the business affects company outcomes and start contributing to a better strategy.