Digital Transformation in the Oil and Gas Sector: Applications and Implications

Abstract

The oil and gas industry, long anchored in traditional practices, finds itself at the crossroads of a revolutionary transformation driven by digital innovation. This review article examines the profound impact of digital transformation within the sector, exploring its applications and far-reaching implications. Defined as the integration of digital technologies into all facets of operations, digital transformation heralds a paradigm shift. The integration of Internet of Things (IoT), Big Data analytics, Artificial Intelligence (AI), blockchain, robotics, and automation reshapes industry norms, enhancing efficiency, safety, and sustainability. Applications of these technologies span asset management, predictive maintenance, operational optimization, and supply chain transparency. IoT and AI enable predictive maintenance, while blockchain ensures transparent supply chains. Robotics and automation redefine safety protocols, while Big Data analytics optimize decision-making and asset utilization. The implications of digital transformation resonate across operational efficiency, safety enhancement, environmental sustainability, workforce dynamics, and market adaptability. Operational efficiency soars as realtime data insights optimize asset performance, while safety protocols evolve through predictive analytics and automation. This transformation transcends industry boundari