Siemens Hails Digitalization Era During Forum In Brazil

RIO DE JANEIRO— Not long ago, storing large amounts of data was expensive for oil and gas companies, data access speeds were slow, and infrastructure was inadequate among other difficulties.

But times are changing with progress in these areas and more.

“The oil and gas industry is one of the most automated segments,” Claudio Makarovsky, head of oil and gas for Siemens in Brazil, told hundreds gathered recently for Siemens Forum 2018. “Currently, oil platforms are being remotely operated, which means that there is a digital transition that is much more than just using big data and analytics tools.”

The German engineering company, which has been expanding its presence in Brazil, put on the forum as the industry moves deeper into the digital age and uses such technology to operate more efficiently.

Digitalization was among the topics discussed at the forum, which also focused on issues such as collaboration and ways to boost energy transition talks without leaving the oil and gas industry behind.