Businesses worldwide are looking for solutions for complicated and repetitive business processes to achieve greater satisfaction and business efficiency. Robotic Process Automation RPA is one of the answers to achieve business satisfaction. Robotic Process Automation (RPA) is already changing the way different industry verticals operate. With RPA, it is expected to impact the business process of Oil & gas industry positively.
Robotic Process Automation (RPA), a technology solution, uses computer software robots to perform mundane and repetitive tasks to boost efficiency and save time. Robotic process automation gained the attention of businesses due to its ease of implementation and agile development.
RPA is mainly applicable to 3 significant sectors in the O&G industry - upstream, downstream, and midstream.
RPA Use in Oil, Gas and Energy
|Upstream||Data Analytics, Reporting for Explanation, Production|
|Midstream||Various Logistics, Trading, Safety Check-Lists, Supply Chain Management|
|Downstream||Pricing Reporting, Monitoring|
Few Examples of Automation in Oil & Gas
PennEnergy - Penn uses automation for the upstream process to analyze reports of different production areas, which improved risk recognition, speed, and accuracy of decision-making.
Chevron Corporation - Chevron operates in collaboration with foreign governments and other partner companies. Chevron has to maintain and manage lease records, which is a big task. Using RPA, Chevron automated the lease payment and able to generate reports of different leases across geographies. Automation of upstream and downstream process helping the management in making better decisions.