Business Strategy: Assessing IT Impact to Unconventional Gas Initiatives

IDC
February 12, 2012
10 Pages - SKU: IDC6823326

This IDC Energy Insights report provides analysis — based on our interviews with oil and gas professionals — on the IT implications for unconventional gas initiatives. Unconventional oil and gas has transformed the natural gas industry in North America and offers great hope for other regions, enabled by hydraulic fracturing or "fracking" and horizontal drilling technologies. However, exploration and production companies in the unconventional gas business are facing very tight profit margins because of low gas spot prices and the higher cost of drilling. There are many process inefficiencies that E&P professionals can address with the help of IT teams, resulting in reduced operational cost. The question is, How will the use of IT solutions transform the unconventional gas business and help create a repeatable and manufacturing approach?

"IT's involvement in the unconventional gas project is limited to date," says Usman Sindhu, senior research analyst, Utilities and Oil and Gas, IDC Energy Insights. "E&P companies will gradually move to improving their processes using IT solutions. The use of information and communication technologies will help companies make unconventional gas exploration a repeatable process, very much like manufacturing."




More Natural Gas reports by IDC

Business Strategy: Operations Optimization, Resilience, New Geographies, and Security and Risk Management Are Top-of-Mind IT Drivers and Initiatives for U.S. Oil and Gas CIOs in 2014 by IDC
Business Strategy: Operations Optimization, Resilience, New Geographies, and Security and Risk Management Are Top-of-Mind IT Drivers and Initiatives for U.S. Oil and Gas CIOs in ...
ICS Security Investments to Gain Momentum Among Oil and Gas Companies in the Middle East by IDC
ICS Security Investments to Gain Momentum Among Oil and Gas Companies in the Middle EastThis IDC Insight reviews the need to secure industrial control systems ...
Perspective - Dassault, PLM, 3D, and Oil and Gas by IDC
Perspective: Dassault, PLM, 3D, and Oil and GasThis IDC Energy Insights Perspective discusses Dassault Systèmes (DS), which is noted for its work in product life-cycle ...
IDC's U.S. Vertical and Company Size Taxonomy, 2014 by IDC
IDC's U.S. Vertical and Company Size Taxonomy, 2014This IDC study provides a detailed description of IDC's U.S. vertical taxonomy. It should be used as a ...
See all reports like this >>

 

SELECT A LICENSE

    Online Download  USD 4,500  
 
US: 800.298.5699
Int'l: +1.240.747.3093
 

Share this report


    Other tasks

     
     
    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!