Information Technology (IT) Applications in Petroleum Sector

Information Technology (IT) is widely acknowledged to be crucial for efficient operation and management of all industrial systems. It is one of the most promising industrial sectors of the Indian economy and India´s IT capability is well recognized globally. The demand for IT services has increased substantially over the years. Oil and gas companies are under pressure to achieve higher returns on their capital assets in a safe and sustainable manner. They need to drive higher asset reliability, productivity and performance while managing growing demands as well as competition for oil reserve access. This paper explores the Information Technology Applications in Petroleum Sector. In particular, it discusses Information Technology and it applications within Petroleum Industry major sectors such as upstream, midstream and downstream.