Digital transformation with Smart Transform methodology: One NOC's journey

摘要

The current oil and gas (O&G) market has helped national oil companies (NOCs) expand their roles beyond national O&G assets to become international players. As a result, NOCs face the same challenges as international oil companies (IOCs) and other players, as well as additional problems that are specific to NOCs. To remain competitive and address these challenges, NOCs need to embark on a digital transformation journey. This article discusses such a journey undertaken by Petrovietnam Exploration and Production (PVEP), highlighting how digital transformation can fulfill the company's mission to grow as an NOC, and the proven economic value that was extracted from the company's unstructured data.