Caspian Innovation Center Highlights Digitalization As Key Industry Challenge

2026-06-01 10:36:55

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 1. Digitalization of oil and gas production remains the most challenging area of transformation in the oil and gas industry due to outdated infrastructure, remote facilities, and disparate data, Senior Applications Consultant at the Caspian Innovation Center, Teymur Figarov, said at a panel session during Baku Energy Week, Trend reports.

According to him, the oil and gas industry is a single value chain consisting of three interconnected segments: hydrocarbon production, transportation, and processing.

"Production is the heart of the entire industry. Without the upstream segment, there is no transportation or processing. However, to effectively utilize hydrocarbons, all three areas must be developed simultaneously," he noted.

Figarov emphasized that the production sector currently faces the greatest challenges in its digital transformation.

"Geographical factors create additional complications. Many facilities are located on offshore platforms, which require access by helicopter or ship. Any technical intervention requires significant resources and time," the expert said.

According to him, the fragmentation of production data remains a serious obstacle.

"Information comes from multiple sources using different standards and formats. This is why digitalization of production requires more time and effort than other segments of the industry," Figarov pointed out.

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