Tesco
Digital Powers Value Creation in Oil and Gas
Article

Digital Powers Value Creation in Oil and Gas

Mauro Castilhos, Marie-Hélène Ben Samoun, Håvard Holmås, Sylvain Santamarta and Sverre Lindseth
Boston Consulting Group, 2020
Read the article

Read or listen offline

  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×

Editorial Rating

8

Qualities

  • Overview
  • Hot Topic

Recommendation

If you’re employed in the upstream oil and gas industry, no one needs to tell you that your industry has got a value-creation problem. Shareholder returns have declined for the past 10 years, so, no one can blame the problem on the COVID-19 crisis, either. So what will save your industry? Boston Consulting Group has a solution, and if you’ve been paying the least bit attention, it probably won’t surprise you: Digitization. In this special report, the BCG go over the Digital Acceleration Index survey results, which suggest that the push for digitization is more urgent than ever before.  

Take-Aways

  • Upstream oil and gas (O&G) companies are falling behind in the push for “digital maturity,” and it’s hindering value creation.
  • Assessment of the O&G industry’s digital maturity suggests digitization is the key to value creation. 
  • Your company needs a “digital champion” to lead the charge, digital talent to keep it going, and broad-spectrum efforts that reach every part of the company.

About the Authors

Mauro Castilhos is a Senior Knowledge Analyst in BCG's Madrid office. Marie-Hélène is a Managing Director & Partner in the Houston office. Håvard Holmås is a Partner and Associate Director and Sverre Lindseth is a Principal in the Oslo office, and Sylvain Santamarta is a Managing Director & Senior Partner in Amsterdam.​

Comment on this summary or 开始讨论