IT Investments Drive Operational Efficiency Across The Middle East's Oil And Gas Sector

The oil and gas sector is the engine of the Middle East's economy and the biggest contributor to the region's GDP. A shortage of talent, increasing volumes of data, remote asset locations, and an expanding petrochemicals segment are shaping IT spending trends across the sector. To address these challenges, oil and gas organizations are going beyond traditional enterprise resource planning (ERP) rollouts by upgrading data centers and investing in information management solutions that target both exploration and production operations and refineries. The decline in new oil field discoveries, coupled with added pressures to increase production capacity, is also forcing executives in the sector to look beyond their current technology investments and consider more advanced IT solutions in four key areas: asset management coupled with strong analytics capabilities, big data, collaboration, and security. This report analyzes these trends, highlights major challenges organizations will face, and outlines the optimal approach for vendor strategists seeking to capitalize on opportunities in this sector.