Unprecedented Transformational Change Comes to the Oil & Gas Industry
Oil & Gas remain the primary sources of fuel influencing the global economy. Projections suggest this market would grow at an annual growth rate around 26%, up to $720 billion by 2025. Oil prices reached their highest level in six years, capping a 2021 rebound of impressive proportions. Market dynamics remain such as political unrest, ESG requirements, changing fuel sources and labor reliability.
Producing and distributing oil and gas is complex as it is capital intensive and boasts innovative, state of the art technology to manage unprecedented change and transformation within the digital world. From upstream exploration and production to midstream storage and transportation to downstream refining and marketing the oil and gas industry is focusing more and more on diversified decarbonized value chains that are profitable, responsive, and competitive.
The challenge of global uncertainty these past years has necessitated innovation to maintain robust operations and ensure safe working conditions amidst the need for growth and resiliency going into the future.Reveal has detailed industry experience with SAP in the Oil and Gas industry to provide integrated, connected, and intelligent solutions that support positioning in a fast-changing environment and create the fundamentals for future growth and innovation through:
- Systemically streamlining and optimizing portfolios
- Supporting delivery against smart approaches to energy transition
- Developing people with the right skills to be successful
- Adjusting business processes to tighter ESG requirements
As an outcome using SAP in a purpose-driven way aligned to a digitalization strategy that enables people, aligns with smart business goals for reliable, compliant, safe operations and addresses demand requirements, environmental issues, and sound organizational communications.
The end game is to enrich performance in terms of operational efficiency, security, asset reliability, product quality and work safety.