IMPACT OF DIGITAL TRANSFORMATION ON THE OIL AND GAS SECTOR

Abstract

The article reviews the application possibilities of digital technologies in line with the challenges of digital transformation in the oil and gas sector, their main directions and the problems that may arise with the application of digitalization. The role of digital technologies in managing the operations of oil and gas companies, reducing operating costs and making optimization decisions is analyzed. It also substantiates the usefulness that they can bring to the potential growth of hydrocarbon reserves produced by the global industrial method, ensuring stability in energy security and managing the energy sector in new ways. The purpose of the study is to adapt the digital transformation process in the oil and gas sector to the reduction of CO₂ emissions and the “net zero” strategy and to determine the application possibilities of digital technologies by analyzing the digitalization strategies of international oil and gas companies. The article uses the methods of analysis, systematic approach, synthesis and comparative analysis.