Case Study

Proven digital success in oil and gas through cultural transformation

Proven digital success in oil and gas through cultural transformation

Pages 5 Pages

redhat.com Whitepaper Proven digital success in oil and gas through cultural transformation facebook.com/redhatinc @RedHat linkedin.com/company/red-hat The difficulty of extracting digital value Oil and gas companies have continually sought ways to apply digital technologies for better business outcomes. In today’s energy market, digital represents the only practical way to increase earnings before interest, taxes, depreciation, and amortization (EBITDA) and barrel of oil equivalent (BOE) production and efficiency. However, a recent McKinsey & Company report called digital in the energy sector “the great white whale — anxiously hunted, dimly perceived, enormous, and elusive.” 1 Why have so many energy companies failed to achieve substantial business value from digital? It is becaus

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