target audience: TECH BUYER  Publication date: Oct 2024 - Document type: IDC FutureScape - Doc  Document number: # US51560624

IDC FutureScape: Worldwide Oil and Gas 2025 Predictions

By: 

  • Gaurav Verma Loading
  • John Villali Loading
  • Angela Salmeron Loading
  • Nigel Wallis Loading

Content



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Table of Contents


  • IDC FutureScape Figure

    • Figure: IDC FutureScape: Worldwide Oil and Gas 2025 Top 10 Predictions

  • Executive Summary

  • IDC FutureScape Predictions

    • Summary of External Drivers

    • Predictions: Impact on Technology Buyers

    • Prediction 1: To enhance decision-making quality, by 2026, 50% of E&P will invest in GenAI-powered subsurface platforms, enabling G&G stakeholders to access quick and accurate information in natural language.

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 2: To improve field service–related cost, safety, and sustainability, by 2027, 50% of upstream and OFS orgs will implement connected services and worker programs enabled by IoT, AI, and AR-XR tools.

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 3: Driven by net-zero goals, by 2026, 2/3 of O&G firms will form CCS alliances operationalizing end-to-end solutions to decarbonize the hard-to-abate sector, thus monetizing low-carbon opportunities.

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 4: By 2026, half of refiners will bridge the data management gap to leverage AI, driving innovations in product quality, energy efficiency, and process control, yielding an annualized benefit of $50M.

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 5: Aiming for excellence in LNG operations, safety, and sustainability, 60% of operators will launch digital LNG programs by 2027, spurring adoption of digital twins and APM, reducing O&M cost by 20%.

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 6: By 2028, 75% of oil majors will utilize drones combined with AI for offshore asset inspections, decreasing carbon emissions related to asset maintenance by 30% and reducing asset downtime by 50%.

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 7: By 2027, 70% of oil and gas companies will invest in digital supply chain programs streamlining procurement and optimizing inventory and logistics, resulting in reduced associated cost by 40%.

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 8: By 2029, 60% of operators will implement advanced communication technologies, powered by 5G and edge, in oilfields, increasing employee productivity by 30% and operational efficiencies by 40%.

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 9: By 2025, 60% of O&G firms will use AI and automation to upgrade and integrate siloed ESG processes into digital ESG & risk management platforms, enhancing reporting tools and cutting legal risks by 75%.

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 10: By 2028, only 40% of O&G firms will avoid talent shortages by empowering their full workforce with AI tools and learning, leading to enhanced skills, improved safety, and more appealing jobs.

    • Associated Drivers

    • IT Impact

    • Guidance

  • Advice for Technology Buyers

  • External Drivers: Detail

    • AI-Driven Business Models — Moving From AI Experimentation to Monetization

    • The Drive to Automate — Toward a Data-Driven Future

    • Future Proofing Against Environmental Risks — ESG Operationalization and Risk Management

    • AI-Driven Workplace Transformation — Building Tomorrow's Workforce Today

    • Regulatory Flux — Navigating Compliance Challenges in a Shifting Policy Landscape

    • Geoeconomic Reordering — Rethinking Globalization, Supply Chains, and Macroeconomic Challenges

    • Responsible and Human-Centric Technology — Ethics in the Enterprise

  • Learn More

    • Related Research