INFLUENCE OF BUSINESS DIGITALIZATION ON THE OIL RECOVERY FACTOR AND IMPROVING THE EFFICIENCY OF THE OIL AND GAS COMPANIES ACTIVITY
Against the background of the decline structure of hydrocarbon reserves in Russia, the maintenance of a stable level of production and enhanced oil recovery at mature fields is associated with the introduction of technologies of the fourth industrial revolution (Industry 4.0). The real and possible...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2019-06-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/1462 |
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| author | A. D. Balashova O. I. Bolshakova |
| author_facet | A. D. Balashova O. I. Bolshakova |
| author_sort | A. D. Balashova |
| collection | DOAJ |
| description | Against the background of the decline structure of hydrocarbon reserves in Russia, the maintenance of a stable level of production and enhanced oil recovery at mature fields is associated with the introduction of technologies of the fourth industrial revolution (Industry 4.0). The real and possible impact of digitalization on the oil recovery factor and impact of the technological solutions on the development hard-to-recover reserves have been сonsidered in the article. Special attention has been paid to the transition to intellectual methods of management, within the framework of digitalization, which ensure the effective management for all company’s processes, provide objective and transparent information for making accurate and operational management decisions. To ensure a significant effect from the digital transformation of the industry, it is necessary to create favorable investment conditions, including government regulation and stimulation. |
| format | Article |
| id | doaj-art-c3f6c55493964e5c89fa8dc5268e42b7 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2019-06-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-c3f6c55493964e5c89fa8dc5268e42b72025-02-04T08:27:59ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152019-06-0105737910.26425/1816-4277-2019-5-73-791372INFLUENCE OF BUSINESS DIGITALIZATION ON THE OIL RECOVERY FACTOR AND IMPROVING THE EFFICIENCY OF THE OIL AND GAS COMPANIES ACTIVITYA. D. Balashova0O. I. Bolshakova1State University of ManagementState University of ManagementAgainst the background of the decline structure of hydrocarbon reserves in Russia, the maintenance of a stable level of production and enhanced oil recovery at mature fields is associated with the introduction of technologies of the fourth industrial revolution (Industry 4.0). The real and possible impact of digitalization on the oil recovery factor and impact of the technological solutions on the development hard-to-recover reserves have been сonsidered in the article. Special attention has been paid to the transition to intellectual methods of management, within the framework of digitalization, which ensure the effective management for all company’s processes, provide objective and transparent information for making accurate and operational management decisions. To ensure a significant effect from the digital transformation of the industry, it is necessary to create favorable investment conditions, including government regulation and stimulation.https://vestnik.guu.ru/jour/article/view/1462digital transformationdigital technologiessmart fieldsoil recovery factorhardto-recover reserves |
| spellingShingle | A. D. Balashova O. I. Bolshakova INFLUENCE OF BUSINESS DIGITALIZATION ON THE OIL RECOVERY FACTOR AND IMPROVING THE EFFICIENCY OF THE OIL AND GAS COMPANIES ACTIVITY Вестник университета digital transformation digital technologies smart fields oil recovery factor hardto-recover reserves |
| title | INFLUENCE OF BUSINESS DIGITALIZATION ON THE OIL RECOVERY FACTOR AND IMPROVING THE EFFICIENCY OF THE OIL AND GAS COMPANIES ACTIVITY |
| title_full | INFLUENCE OF BUSINESS DIGITALIZATION ON THE OIL RECOVERY FACTOR AND IMPROVING THE EFFICIENCY OF THE OIL AND GAS COMPANIES ACTIVITY |
| title_fullStr | INFLUENCE OF BUSINESS DIGITALIZATION ON THE OIL RECOVERY FACTOR AND IMPROVING THE EFFICIENCY OF THE OIL AND GAS COMPANIES ACTIVITY |
| title_full_unstemmed | INFLUENCE OF BUSINESS DIGITALIZATION ON THE OIL RECOVERY FACTOR AND IMPROVING THE EFFICIENCY OF THE OIL AND GAS COMPANIES ACTIVITY |
| title_short | INFLUENCE OF BUSINESS DIGITALIZATION ON THE OIL RECOVERY FACTOR AND IMPROVING THE EFFICIENCY OF THE OIL AND GAS COMPANIES ACTIVITY |
| title_sort | influence of business digitalization on the oil recovery factor and improving the efficiency of the oil and gas companies activity |
| topic | digital transformation digital technologies smart fields oil recovery factor hardto-recover reserves |
| url | https://vestnik.guu.ru/jour/article/view/1462 |
| work_keys_str_mv | AT adbalashova influenceofbusinessdigitalizationontheoilrecoveryfactorandimprovingtheefficiencyoftheoilandgascompaniesactivity AT oibolshakova influenceofbusinessdigitalizationontheoilrecoveryfactorandimprovingtheefficiencyoftheoilandgascompaniesactivity |