[Image appears of an orange screen displaying the CSIRO logo and then the image changes to show an animation image of the world globe surrounded by oil and gas logos]
Narrator: The Australian Oil and Gas Sector is at a crossroads.
[Camera zooms in on Australia on the globe and the image shows boats moving around the map]
As a leading energy exporter with abundant resources, Australia is well placed to help supply the world’s growing population with the energy it needs.
[Camera pans to the left and the image shows a boat moving between the continents of America and Africa and then the camera pans to the right to show energy symbols on the map of Australia]
However, Australia faces several challenges, including low cost international competition and the ongoing decarbonisation of the energy sector.
[Animation image changes to show a truck with a moving railroad track and then the image shows the truck moving off the right-hand side of the screen]
This means that the era of “Business as usual” is over.
[Animation image changes to show a drone and then the image changes to show the drone inside a graph and arcs appear on the graph and text appears above the arcs: Horizon 1, Horizon 2]
The sector must adapt to remain successful into the future. Companies must look ahead to understand strategic opportunities, identify the enabling technologies and plan the research and development activities necessary to unlock them.
[Animation image shows a third arc appearing on the graph with a robotic person working beneath the arc and text appears above the arc: Horizon 3]
For example, how can digital solutions like advanced analytics, artificial intelligence and robotics transform the way assets are operated and maintained
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and how can new business models and diversified service offerings support a company’s competitive advantage as the energy mix evolves.
[Image changes to show five outline heads and then the camera zooms out to show outline heads covering the screen and then the image changes to show a Roadmap brochure entitled: Oil and Gas]
Drawing upon our connections with industry and the world class research expertise of our 5,000 science professionals, we’ve developed a road map that outlines opportunities for Australia’s Oil and Gas Sector to achieve long term growth.
[Image changes to show a blue screen and text appears: CSIRO Future, Unlocking Australia’s future growth opportunities]
Download your copy today and lead the change.
[Music plays and CSIRO logo and text appears: Australia’s innovation catalyst]
CSIRO’s Oil and Gas: A Roadmap for unlocking future growth opportunities for Australia is the latest in a series of roadmaps outlining challenges and opportunities faced by a number of sectors, which have been developed as part of CSIRO’s Strategy 2020.
The CSIRO Oil and Gas Roadmap identifies strategic business, science and technology growth areas vital to the long-term success of the sector, taking into account relevant oil and gas megatrends.
Four pathways that are enabled by science and technology can help the sector address key challenges:
- Being more efficient in exploration and production to cost-effectively unlock resources
- Using digital and automated solutions to improve the economics of current assets
- Focusing on advanced environmental technologies to further minimise impacts on air and water, and
- Identifying business models and products that represent new revenue streams, for example diversifying into higher value products like hydrogen.
The Roadmap follows extensive consultation, led by CSIRO Futures and Energy divisions, including 80 representatives from industry, government and technology providers.
It is also aligned with the energy resources growth centre, National Energy Resources Australia (NERA), matching key Roadmap focus areas with NERA’s knowledge priority areas.
CSIRO Chief Executive Dr Larry Marshall said that the Australian oil and gas sector has an opportunity to re-invent its future through innovation and improve its market position.
“CSIRO is uniquely placed to catalyse innovation for the oil and gas industry, given our expertise, track record and deep history of engagement across the sector,” Dr Marshall said.
“This Roadmap is a prime example of Strategy 2020 in action, putting the customer first with targeted science solutions to answer Australian industry's most critical challenges.
“We believe this sector can continue to contribute to Australia’s future economic prosperity, which is why we’re investing not only in solving today’s challenges, but also in the breakthrough science we need for tomorrow's solutions like our new Deep Earth Imaging.”
NERA Chief Executive Miranda Taylor said: “We are currently in a period of unprecedented technological disruption, and as global industries are shaped and formed through these advances, the oil and gas industry must keep pace,” Ms Taylor said.
“To capitalise on these opportunities, we must adopt bold thinking, challenge our beliefs around what makes us competitive and transform our approach to how we innovate.”
The Roadmap is the fifth in CSIRO’s Industry Roadmap series.
Read the report here: www.csiro.au/oil-and-gas
