Blockchain Applied to the E&P Phase in the Oil & Gas Sector

In a global industry where each year billions of operations move through a complex supply chain involving tens of thousands of suppliers, blockchain’s potential cannot be understated. Blockchain is particularly useful in the seismic sector, an area in which Repsol is pioneering the development of one first blockchain pilots.

Seismic rights require complicated processes to ensure the traceability of ownership and their limited use over time, and involve many different suppliers and international teams of workers. As part of the Oil&Gas Blockchain Consortium, Repsol has been responsible for developing this pilot to bring the use of Blockchain technology to the management of seismic rights.