The growing appetite for Oil and Gas across the globe has clearly impacted the consumption outlook in APAC. The requirement for oil and gas is rising with every passing day in the APAC region as it’s witnessing rapid urbanization and industrialization. Currently, countries in the Asia-Pacific are taking giant leaps toward decreasing import dependency and boosting regional energy security and autonomy. Additionally, the APAC oil and gas sector is constantly picking up the pace to stay cautious about the unsettled prices, the challenges of exploration and production in harsh, remote areas, and other environmental and technological concerns. With this in mind, oil and gas operators are continually in search of ways to augment long-term production, control operational expenditure, and minimize the environmental impact of their operations.
Most ambitious oil and gas companies are now shifting to cloud-based platforms where they host their business applications pertinent to areas like sub-surface, land, and production systems. Any modern workload and innovation projects are majorly being taken up in the cloud, where IT is allowing infrastructure management, data interfacing with on-premise legacy systems, and security management. Internet of Things (IoT) will also draw considerable investment, given the key role of sensors in oil plants, while data analytics is predicted to provide context for operational obstacles. It is evident that the oil and gas industry is moving towards a future of digitization. The benefits of enhanced efficiency, cost savings, improved performance, and safety are becoming apparent, and companies who are investing largely in developing these technologies will surely reap the benefits in years to come.
To help CIOs navigate through the list of oil and gas technology companies, Energy CIO Insights brings the top 10 Oil and Gas Technology Companies in APAC 2020 that exhibit competence in delivering robust solutions.
We present to you Energy CIO Insights’ “Top 10 Oil and Gas Technology Companies in APAC - 2020.”