Statoil aims to be global digital leader by 2020

Image: Statoil

Statoil is establishing a digital centre of excellence and launching a roadmap with seven specific programs for digitalization in the company toward 2020.

The Norwegian state controlled company expects to invest NOK 1-2 billion ($161-$323 million) in new digital technologies, accelerating the digital roadmap work. Digital technologies will also be part of other Statoil technology and research projects.

“Aiming to be a global digital leader within our core areas, we are now stepping up our efforts to capture opportunities provided by the rapid development within digital technologies,” Eldar Sætre, Statoil’s chief executive officer, said in a statement.

The oil industry is already extensively utilizing IT technology and digitalization, but the rapid technological development creates new opportunities, the company said, particularly within the following areas:

• Digitalization of work processes - Improving the efficiency of the way it works by reducing the time spent on manual and repetitive tasks, where possible.

• Advanced data analytics - Improving its understanding of extensive and complex data for better decision-making by means of advanced data analytics and machine learning.

Robotics and remote control

The company aims to increase the operational regularity, reduce costs and improve safety and security by reducing human activity in physically intensive activities, such as with advances in robotic drilling and automated installations.

Statoil will establish a digital centre of excellence that will coordinate and manage the digitalization efforts across the company. The centre will collaborate with external specialist communities, have dedicated units for data analytics, machine learning and artificial intelligence, as well as leaders for digital programs.

The company said it will establish a roadmap with seven programs in the further digitalization process:

1. Digital safety, security and sustainability - Using data to reduce safety risks, improve learning from historical incidents, strengthen security and reduce the carbon footprint of its operations.

2. Process digitalization - Streamlining of work processes and reduction of manual input across the value chain.

3. Subsurface analytics - Improving data accessibility and analytical tools for subsurface data, enabling better decision-making.

4. Next generation well delivery - Enhancing utilization of well and subsurface data for planning, real-time analytics and increased automation.

5. Field of the future - Smart design and concept selection by maximizing the use of available data and integrating digital technologies in future fields.

6. Data-driven operations - Using data to maximize asset value through production optimization and maintenance improvements.

7. Commercial insights - Improving analytical tools and data accessibility within its commercial areas to enable better decision-making.

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