Digital transformation characteristics and trends in petroleum exploration and production

Abstract

Digital transformation is an urgent solution for the oil and gas industry in the energy transition trend, helping oil and gas enterprises optimise oil and gas exploration, development and production costs, and improving the competitiveness of oil and gas in comparison with other energy sources, especially new and renewable energy sources. The article provides an overview of the digital transformation trends in petroleum exploration and production, the current status of digital technology application, difficulties and barriers, thereby making some recommendations on the objectives and orientations for the implementation of digital transformation in petroleum exploration and production in Vietnam.