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Abstract At present, the wave of digitization is sweeping the world while the rapid evolution of the consumer market,cross-border competition between digital enterprises and fierce competition among traditional enterprises are forcing various industries to speed up their digital transformation. The oil and gas industry has been the practitioner and beneficiary of the application of digital technology for decades; however, it seems to have become the "laggard" in the new wave of digitization represented by "CBIMA"(short for cloud computing, big data, the Internet of Things, mobile Internet and artificial intelligence). In the context of low and middling oil prices weakening the profitability of oil and gas companies, increasing competition for alternative energy sources and accelerating energy transformation, there is great potential for promoting the digital transformation of the oil and gas industry. Rebuilding competitiveness through digital transformation is increasingly becoming the consensus in the industry. It would be advisable for Chinese petroleum enterprises to take the initiative to adapt to the trend of digital transformation, formulate clear digital strategies and transformation roadmaps, actively and steadily carry out digital pilot projects, speed up the training of digital professionals and strive to achieve the best transformation results.
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Published: 17 November 2022
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2019, Vol. 26 
