CERA: Industry lacks 'coherent vision' in digital E&P space

The oil and natural gas industry probably isn't as far along as it should be regarding advances in using digital and information technology (IT) to assist in the exploration for and production of oil and gas. Nevertheless, industry has made great strides in using IT and digital technology to monitor, control, and optimize its E&P operations.Regarding digital E&P, one of industry's outstanding challenges is "how to craft a coherent vision," noted William Severns, senior director with Cambridge Energy Research Associates. Severns moderated a panel of chief information officers from three oil and gas firms—two majors and one independent—at CERA's annual CERAWeek analy...

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