This IDC Perspective discusses collaboration in the oil and gas industry. Conventional thinking in oil and gas is that all innovation in upstream is value-add and proprietary intellectual property. Now exploration and production and oilfield service providers are realizing that collaboration can yield superior results on some projects that many companies would have typically pursued internally. Technology companies are aiding the movement by opening up source code and connectors to build a much more powerful ecosystem.
"The oil and gas industry needs to face more challenges collectively to develop standards and leverage economies of scale." — Andrew Meyers, research director, Worldwide Oil & Gas