The advent of new technologies have ushered in new opportunities in the form of greater transparency, security and mobility across the Oil & Gas value chain. Blockchain is one such technology which has immense usages across the O&G industry. It can not only help the clients from this industry to generate exponential value, but also enable them to embrace risks simultaneously. Hence it is very much relevant to the Business 4.0 theme of TCS. In this context, TCS could also help their clients to understand the Blockchain implications, advantages and impacts and thereby help them to make calculated decisions for future growth.
With an ever-increasing focus on increasing operational efficiency within the Oil & Gas sector, there is a growing need to make well informed decisions regarding repair or replacement of ageing assets. Structural integrity management of these assets, which operate under ever-changing, severe ocean and environmental conditions, poses huge engineering challenges.