Digital technologies in oil and gas production as a tool to ensure optimal energy efficiency and sustainability

Abstract

Implementation of smart production technologies, digital technologies, and Industry 4.0 technologies in the oil production industry as a type of innovative management are indispensable tools for strengthening strategic, financial, and innovative sustainable development of enterprises operating in highly competitive domestic and foreign markets. Such technologies make it possible to adjust enterprise strategies promptly in real-time. All field digitalization solutions, operation of production units with any voltage and frequency level, heating, etc. are not workable without electric power. Electric motors of drilling rigs, downhole surfaces, and underground equipment use about 70 - 72% of all electricity consumed during oil and gas production. The authors give examples of energy-saving measures and the results of their implementation. Efficiency, energy conservation, and sustainable development are the challenges oil producers face today. The article considers strategic management in reality as a new trend in the sustainable development of oil production enterprises. Varying strategy in real time gives the oil-producing enterprises a general focus, individuality, daily simple actions, readiness to consider new ideas, and not being afraid to decide and take responsibility for them. The authors also analyzed the sustainable development strategies of the leading oil-producing companies in Russia. The article offers performance indicators for the sustainable development of oil and gas-producing companies.