This datafile tabulates ten examples of deploying Blockchain in the oil and gas industry from 2017 onwards; including the companies involved, the use cases, and our estimates of the cost savings.
Most prior examples have been in oil and gas trading, where cost savings tend to run at c35%. More niche applications are gaining traction in downstream, B2B applications.
For 2020, we are particularly excited by the broadening of Blockchain technologies into the procurement industry by a particular company, Data Gumbo.
c10% cost savings may be achieved for fragmented supply chains, such as US shale, by analogy to other digital procurement platforms we have evaluated in the past.