Type of extraction

Peru’s government wants to increase oil production and exploration, boost renewables and make the current electricity grid more efficient, meaning plenty of investment opportunity. To that end, a newly elected congress is working on regulatory changes, but the outcome is still uncertain. Political instability and corruption scandals have held progress back. The hydrocarbons sector in particular must also overcome difficulties around social license and transport in order to realize its potential. More

From artificial intelligence to ensure worker safety to video analytics to monitor operations and digital twin simulations to improve the design and maintenance of facilities, oil and gas firms began investing in technology during previous oil price downturns. With the hydrocarbons sector in a full-blown crisis from falling demand due the coronavirus pandemic and a price war within OPEC, digital transformation promises something all businesses strive for more than ever now: efficiency. More