Oil & Gas is booming: Oil surpassed $70 a barrel for the first time since 2014, and is only expect to continue to skyrocket. Many Oil & Gas companies are outperforming expected quarterly results.
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Thanks to the rapid pace technology is advancing at, operations in the oil & gas industry are primed for revolution. Despite the clear opportunity for an evolved software in the industry, software providers are struggling to provide a viable software that can meet industry needs.
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As 2018 progresses, both budgets and spending are on the rise in upstream, with the clear leader, the Permian Basin, driving much of the surge, according to analysts observing onshore activity.
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Technology is changing everything, and along with it, the way portfolios are managed. Realizing this, Accenture Consulting surveyed more than 300 upstream leaders who fill roles ranging from executive managers to engineers and span 18 countries, to better understand the time and money being funneled into the development of these digital technologies.
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