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McKinsey says AI could unlock $230 billion for oil and gas and oilfield services and equipment (OFSE) companies.

AI Could Unlock $230B for Oil, Gas, OFSE Cos, McKinsey Says

AI could unlock $230 billion for oil and gas and oilfield services and equipment (OFSE) companies.

That’s according to a new insight from McKinsey & Company sent to Rigzone recently, which was penned by Bill Ambrose, a partner in McKinsey’s Houston, Texas, office, Georgio Bresciani, a senior partner based in the company’s London, UK, office, Spandan, another partner in McKinsey’s Houston office, and Priyank Singh, an engagement manager at the business.

“The challenge is where to concentrate, how to scale, and how to share value when efficiency reduces the activity that many contracts reward,” the McKinsey representatives stated in the insight.

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Source: Rigzone

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