Business programme

Oil and Gas: A Digital Window of Opportunity amidst the Storm

16 Jun , 15:00–16:15
Modern Technology for Humanity: Building a Responsible Future

Oil and gas in Russia are not only energy supplies; they are among the key players on the technology market and the locomotive of technological development, including in the digital sector. The Russian oil and gas industry is on a par with the financial, telecom, and consumer sectors in terms of the level of digital maturity of many of its activities. In February 2022, it became clear that the further successful development of the industry is predicated on overcoming dependence on Western vendors, oilfield service companies as well as their IT and digital solutions. The industry, which has been sanctioned since 2014, has accumulated vast experience in working with domestic technology companies and has introduced solutions from Russian suppliers as well as its own developments in digital technologies. The innovative potential of the oil and gas industry can and must be used not only within the fuel and energy sector, but also for the country’s technological development as a whole. What is needed to make this happen? What platforms, standards, support measures, and partnerships, including with players from China, India, the Middle East, and other regions, are needed for the domestic oil and gas industry to become a real locomotive for the technological breakthrough that is currently taking place in the country?