DIGITAL TRANSFORMATION AND CYBER DISRUPTION IN THE OIL AND GAS INDUSTRY

Abstract

Purpose: Digital transformation of Oil and Gas sector includes various types of
technological changes in the industry and with these changes, various type of cyber threats also
comes into the picture which is becoming a more serious concern for this industry. All the
Industries are at the cusp of digital transformation, Oil and Gas sector is a very crucial sector,
any potential damage by cyber threats will result in fall in market prices of oil severely.
Research Gap: This sector is behind many other industries in terms of digital
transformation and cybersecurity. Proper mapping of digitization of Upstream, Midstream and
downstream services with its cyber vulnerabilities is required.
Objective: The study focuses on the digital transformation and the cybersecurity of the
Oil and Gas Industry.
Research methodology: The research methodology for this research is qualitative
research, the study has been done by taking consideration of various peer-reviewed literature in
the area of digital transformation and cybersecurity in the oil and gas sector.
Findings: After analyzing several research papers on cybersecurity, main cybersecurity
threats have been identified and the framework has been proposed to mitigate the cyber risks