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Digital Transformation in Petroleum Economics: An Essential Reality

Digital Transformation in Petroleum Economics: An Essential Reality

Presented by Raj Sen, SVP Asia Operations, Aucerna

This webinar will review the evolution of petroleum economic tools, highlight the recent advancements in technology, and explore future possibilities. We will discuss how digital transformation impacts not only the work of the petroleum economist; but improves the quality of decision making in their organizations. Lastly, we highlight the practical pathways that leading oil and gas companies are taking to make digital transformation in Petroleum Economics an essential reality.

Petroleum economics is pivotal to an oil and gas company’s analysis and evaluation. It is essential for business-critical processes, such as Year-End Reserves, Stage Gate and FID Decisions, Business Planning, Portfolio Analysis, and Impairment Reviews, to name a few.

With the bygone days of “Easy Oil” and in this new “Digital Age” with an abundance of data and cloud computing, it is critical that petroleum economists and their tools and processes keep up with the times. The need for working in a multi-disciplinary team so as to be responsive to constant change means the days of siloed petroleum economists manually gathering inputs via email and working with their “prized” spreadsheet are (or absolutely should be) long gone. Instead, the economic analysis need to be contextual, rigorous, dynamic, consistent, and perhaps most importantly insightful.

What will you learn?

  • A brief history of petroleum economic systems.
  • The difference between Big Data and Right Data.
  • How to value different data types for your role.
  • How technology can help leverage expertise within your organization.
  • New digitalization concepts like economics as a service.
  • How transforming business processes can improve cycle time and lead to better decisions.
  • The steps taken by leading companies to make digital transformation take hold and stick.
About the presenter
Raj Sen

Raj Sen

Senior VP of Asia Operations at Aucerna

Available recordings

Each recording contains the same content aside from the Q&A session specific to each region.
North American & Europe
Tuesday, November 3, 2020. 8:30 AM MDT | 4:30 PM CET
Asia-Pacific
Tuesday, November 3, 2020. 1:00 PM AEST | 11:00 AM SGT

About this webinar

This is a Recording from
  • November 3rd (North American & Europe)
  • November 3rd (Asia-Pacific)
Presented by
Raj Sen, Senior VP of Asia Operations at Aucerna
duration

45 Minutes

description

Petroleum economics is pivotal to an oil and gas company’s analysis and evaluation. But how do you manage this in the new “digital age” we find ourselves in and with days of “easy oil” in the past? Raj Sen will review the tools and processes you will need to keep up with the times. You can no longer rely on spreadsheets and siloed teams! Instead, economic analysis needs to be contextual, rigorous, dynamic, consistent, and perhaps most importantly insightful.

This webinar will review the evolution of petroleum economic tools, highlight recent advancements in technology, and explore future possibilities that will allow you to improve the quality of decision making in your organization.

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