The Process of Digital Transformation of the Oil and Gas Industry of the Russian Federation: State, Barriers, Prospects

Abstract

The article deals with the introduction and the employment of innovative technologies in the process of exploration, production and primary processing of hydrocarbon raw materials. The relevance of the research topic can be accounted for by the inevitability of the digital transformation of the industry in the context of growing demand, the reduction of light oil reserves and the increase in the share of renewable energy sources in the fuel and energy balance.The purpose of this article is to study the process of implementing the digital transformation of the Russian oil and gas industry, the prospects for its development and the barriers hindering this process.The article discusses the main directions of digital transformation of the oil and gas sector, the tools for its implementation, as well as the effectiveness of implemented digital solutions. The reasons that complicate the process of digital transformation of the oil and gas industry (a large number of complex production assets, huge amounts of data, etc.), as well as factors that contribute to the success of the digital transformation process, are identified. The author identifies the reasons complicating the process of digital transformation of the oil and gas industry (a large number of complex production assets, huge amounts of data, etc.), as well as the factors that contribute to the success of the digital transformation process.