Today, the digital transformation we are witnessing is evolving most strikingly in the oil and gas sector. Industry 4.0 is here, and the stakes are clear – connectivity platforms are key in streamlining operations, while also unlocking revenue through new use cases. A 2020 report from McKinsey states that digitizing operations could create USD $250 billion in value for oil and gas upstream operations by 2030.
Nevertheless, the rush to bring operations into the digital age has had the unintended result of creating a hodgepodge of connectivity solutions-including Wi-Fi, Bluetooth and other closed systems that do not interact and can be difficult for information technology (IT) functions to manage. The result is slowed or stalled transformation efforts and limited impact on the bottom line.
The solution? Private cellular networks – a secure, unified connectivity platform across all operations as well as an end-to-end IT solution that operational technology (OT) teams can use to build those value-driving use cases – and future proof for growth.
Wildcat Petroleum plc (LON:WCAT) was incorporated in early 2020, with plans to work and invest in the upstream sector of the petroleum industry – namely exploration, appraisal, development and production of oil and gas.