Not Every Oil, Gas Player is Ready for Digital Collaboration

Not Every Oil, Gas Player is Ready for Digital Collaboration
Not all oil and gas industry players are ready for the level of collaboration that digitalization encourages, according to Jonathan Lewis, Amec Foster Wheeler CEO.

Not all oil and gas industry players are ready for the level of collaboration that digitalization encourages, according to Jonathan Lewis, Amec Foster Wheeler CEO.

“One of the questions we really need to ask ourselves, and be quite honest with regard to our behaviors, is the degree to which we as an industry are ready for the level of collaboration and data sharing that is associated with the embrace of…[new digital technologies],” Lewis said in a panel discussion at the GE Oil & Gas conference held in Florence, Italy.

“I think some [companies] are, I’m not sure all are,” he added.

Independent oil and gas company Tullow’s soon-to-be CEO Paul McDade echoed Lewis’ views.

“I’d agree with Jonathan…as an industry we bring the oilfield services [and] supply chains late to the party, and the way in which we establish our business tends to be…competitive rather than collaborative,” McDade said.

“There’s so much more we could be doing,” McDade told industry delegates at the conference, which was attended by Rigzone.

Major players in the sector called for more industry collaboration, amid a continuing low oil price, at GE’s 17th Oil & Gas conference last year.

"Only together will we manage through the current climate. In an era of complexities we can drive productivity and return investment through innovation and partnership," Lorenzo Simonelli, GE Oil & Gas president and CEO, said in February 2016.

Royal Dutch Shell Project & Technology Director Harry Brekelmans echoed Lorenzo's sentiment at the time, championing the idea of collaboration in the hydrocarbons industry.

"I encourage everyone to keep exchanging ideas to harness the same level of creativity and the desire to challenge and transform the status quo," he said in a keynote speech.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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