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Blockchain is coming to the Oil and Gas Industry and is already in trials.

June 8, 20183:20 AM BOE Report Staff

The case is becoming stronger for use of Blockchain to reduce costs and increase efficiency for large Capital and Construction projects which typically have time consuming and manual financial and admin work to resolve disputes, reconcile transactions, and deal with billing errors, either with partners, and regulatory or internally with subsidiaries.

Blockchain is evolving, being tested to address inefficiencies, and is quietly expanding in the financial services and tech industries and already in O&G trial applications. A significant aspect of Blockchain is automated Smart Contracts that promote touchless interactions across process chains and are of particular interest  to O&G Joint Venture, Land, Legal and Accounting professionals alike.

Join us for a panel of speakers on June 21st 11:15am to 1:00pm at the Calgary Petroleum Club discussing “BLOCKCHAIN for Energy- Learnings from Oil and Gas Industry applications”

Panel Leader-Mr Dason Wells, from IBM’s Natural Resources Solution Centre discussing Energy Contract Settlement using Blockchain (ATB)

Panel Member – Mr. James Graham , Guild 1- Speaking on Royalty Ledger utilization of Blockchain to pay Royalty Partners in the Oil and Gas Industry
Panel Member – Mr. Richard Stobbe, Field Law – Speaking on Smart Contracts as Programmatically Executable Transactions and Blockchain. Tickets $45.00 (+GST)
and $55.00 (+GST)

A presentation of The Petroleum Joint Venture Association

Click here to register and select SKIP Login.

Sponsored by:

 

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