How might blockchain technology solve one of the most frustrating and costly problems of the digital oil and gas industry? The sector builds new assets constantly, but engineering documents and systems that are supposed to accurately depict as built asset do not, leading to substantial costs and waste for the oil and gas asset owner. Blockchain could be a solution.
Digital technologies in Oil and Gas Operations play an important role in ensuring compliance to government regulations and laws, industry standards, and internal company policies. But how does compliance contribute to improving the effectiveness of Oil and Gas Operations?