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10.04.2019
Opportunity to increase EBITDA with Digital and Advanced Analytics (DnA) in upstream O&G, billion US$/year
~200-250
~40-50
Advanced
analytics
And AI
22 6 2 41 - 71
Process digitization
And Software
Automation
- 4 9 3 1 18
Robotics And
Hardware
Automation
- 1 2 6 2 11
Total 22 11 13 50 3 100
1 The source and location of opportunities varies from company to company 2 Excludes drilling
SOURCE: McKinsey Global O&G Digital / AA Service Line McKinsey & Company 7
CONFIDENTIAL AND PROPRIETARY - Any use of this material without specific permission of McKinsey & Company is strictly prohibited
Several O&G players are already committing significant efforts to capture this opportunity…
OUTSIDE-IN
Aker CEO
Digitalization is enabling new business models,
operational excellence and robot process automation that
13 2022 will translate in €0.3 billion of free cash flow generation
pretax in 2020
Repsol CEO
Digital and technological transformation could generate up
to US$1.0 B EBITDA per year
10 2021
~0% Ecosystem
transformation
Network
Company
~20% transformation
Scale
Isolated
~80% efforts Use-case
implementation pilots
Start
A CEO-led transformation with 650+ m USD target for 2025 around 14 digital
ambitions across the value chain
8 digital tribes with carved-out key senior personnel from business, front-line
and digital functions working in agile
Rotations of senior leaders and rising stars through the DnA structure to
create champions across the company
Use of a single structured data platform with extensive tagging that enabled
access to all the company data (including data freed from other platforms)