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Digital to the core: Harnessing the power of technology to increase efficiencies, reduce operational costs and risks

OpenGov is delighted to invite you to attend an exclusive OpenGovLive! Virtual Breakfast Insight to discuss how the aforementioned technologies can make a drastic impact on Pertamina’s business and help drive the operational efficiency and profitability whilst reducing the cost and implementing much digital oilfield 2.0 innovation.

Digital to the core: Harnessing the power of technology to increase efficiencies, reduce operational costs and risks

Driving the operational efficiencies and profitability, whilst lowering costs and implementing much needed digital oilfield 2.0 innovation

Oil and gas industry is having a bit of an identity crisis which is fundamentally related to the transition of the energy industry and is also facing new hurdles to efficiency and profitability throughout this new normal. Entities across the entire oil and gas value chain such as exploration, production, midstream operators, wholesale, downstream distribution, trading and even retail operations are continuously forced to deal with the new and fluctuating realities of global hydrocarbon market prices, increased pressure from authorities on the environment and a fluctuating investment climate due to global uncertainty driven by dynamic and uncontrollable external forces.

Both oil and gas companies and government bodies are seeking a much higher drive-in operational efficiency rather than increased output, in order to deliver the level of profitability that is required to underpin hydrocarbon-based economies, particularly in Indonesia.

Digital Oilfield 2.0: Accelerating Digital transformation and Innovation

Investing in digital technology for transforming operations across the entire oil and gas value chain is now a key imperative that can no longer be delayed since operational efficiency and profitability is clearly a continuing reality.

There is an incredibly positive outlook for companies that are prepared to engage in leveraging fast advancing technologies such as cloud computing infrastructure, sensor networks, IOT, edge computing, streaming messaging, open architectures, open standards & API’s – open source along with massive advances in artificial intelligence and machine learning to optimise the quality of digital oil field processes, information and making better informed critical decisions with tighter process and information integration across the entire oil and gas value chain. The opportunity for fully integrated groups like Pertamina addressing the whole value chain in this scenario is outstanding.


AI, on the other hand, used by so many industries to predict trends, manage stock levels, handle large levels of data and so much more, is now being harnessed by the energy industry to automate processes, predict trends, improve performance and generally make their operations more efficient and cost-effective. It can even help in resources exploration by mapping and identifying petroleum deposits beneath the earth or detecting equipment failure or gas leaks.

The large volumes of data that AI can require means that many gas and oil companies will now be relying on cloud computing to improve how that data is being processed.

Leveraging fast advancing technologies for better outcomes

The backdrop for all entities in the oil and gas value chain is a case of dealing with continuous change, whilst increasing profitability, increasing operational efficiency, reducing costs and embracing the realities of energy market transition, decarbonization and lower hydrocarbon prices with both lower upstream output and leaner trading margins.

This problem matrix is forcing oil and gas companies across the entire value chain to explore every single opportunity for lowering costs, increasing operational efficiency and also delivering new and innovative ways to automate exploration, production and innovations in the distribution chain through new digital oil field transformation initiatives leveraging on emerging technologies.

Who Should Attend

Meet Our Distinguished Speakers

David Forden
Director, Application Development Solutions
Red Hat

Widita Sardjono
Managing Partner
PWC Indonesia

Mohit Sagar
Group Managing Director and Editor-in-Chief
OpenGov Asia

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The session was very useful with good discussion points

Accountant-General’s Department

A great platform to learn how people are tackling similar IT issues

Ministry of Home Affairs

A good platform to understand more about the challenges encountered by organisations in introducing new technologies in daily work

Singapore Police Force

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PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.