Digital Office – Next Gen in Productivity Delivery for Capital Projects

At the Oil & Gas Digital Transformation Conference 2023, Ian Duncan, Senior Managing Director & Digital Transformation Lead at FTI Consulting, and Dr. Stephen P. Mulva, Research Professor at Texas A&M University, unveiled their groundbreaking insights. Ian Duncan, an expert in leveraging digital technologies for business transformations, leads a diverse team across industries in the UK and Ireland. Dr. Mulva, with over 25 years of experience in capital project innovation, focuses on improving business outcomes in various sectors. In this blog, we’ll delve into their strategies on “Digital Office – Next Gen in Productivity Delivery for Capital Projects,” offering a glimpse into the future of Oil & Gas industry advancements.

Ian Duncan and Dr. Stephen P. Mulva, experts in the field of digital transformation and capital projects, recently shared their insights about the changing Oil & Gas industry. They highlighted how the industry is striving to become more environmentally friendly and efficient. The traditional methods of handling large projects weren’t effective, but they introduced the concept of a Digital Office to improve things. This Digital Office uses computer technology and data to help people track project progress, make better decisions, and even predict and prevent problems. One exciting feature is that it can create new solutions quickly and cost-effectively using Low Code No Code platforms. However, they emphasized that for this new approach to work, everyone involved in a project must think differently, collaborate better, and always seek ways to get better. Ultimately, this innovative approach is a game-changer, helping the Oil & Gas industry become smarter and more sustainable in a rapidly changing world.

Oil & Gas industry is transitioning resulting in strategic investment into ESG projects and move to net zero
Traditional approach and capital project lifecycle has not worked
Until recently technology adoption in capital project was costly and presented more risk Digital office presents a catalyst for significant change in the industry
Digital office uses data and digital technology to provide insights, transparency, better coordination and predictive risk modelling
Leverage Low code No code platform radically reduce time needed to develop solutions
New ways of thinking are necessary, along with better ways of working across the entire capital project lifecycle

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