Oil and gas companies are actively implementing digital solutions into their logistics networks to optimize processes and increase business efficiency. The study identified current supply chain management issues in the oil and gas industry and their potential solutions through the use of digital technologies. As a result, a blockchain-based oil and gas supply chain management model, (BCSCM O&G), was developed using smart contracts and the Internet of Things (IoT) to ensure transparency, security, and efficiency in managing the supply chain in the oil and gas industry. Experimental simulation of the model, using IoT simulation at various stages of the supply chain, confirms its potential for significantly improving supply chain management by providing transparency, reliability, and real-time data accuracy. Recording IoT data on the blockchain provides supply chain participants with access to precise and up-to-date information in real-time, reducing the risk of errors and manipulation. Smart contracts automate the execution of contract terms, contributing to increased efficiency and cost reduction. The implementation of blockchain technologies combined with the IoT not only enhances monitoring and control of processes but also helps create safer and more optimal supply chains. These innovative approaches encourage the re-evaluation of traditional management methods, creating more sustainable and competitive models that meet the demands of the modern market. Thus, the digital transformation of supply chain management in the oil and gas industry represents a crucial step toward improving overall business efficiency and sustainability.
References
1. Chima C., Supply-chain management issues in the oil and gas industry, J. Bus. Econ. Res., 2007, V. 5, no. 6, pp. 1-6, DOI: http://doi.org/10.19030/jber.v5i6.2552
2. Yurak V., Dushin A., Mochalova L., Vs sustainable development: scenarios for the future (In Russ.), Zapiski Gornogo instituta = Journal of Mining Institute, 2020,
V. 242, pp. 242 – 247, DOI: http://doi.org/10.31897/pmi.2020.2.242
3. Zhukovskiy Y. et al., Fossil energy in the framework of sustainable development: Analysis of prospects and development of forecast scenarios, Energies, 2021, V. 14, no. 17, DOI: http://doi.org/10.3390/en14175268
4. Ahmed H., Al Bashar M., Abu Taher Md., Ashiqur Rahman Md., Innovative approaches to sustainable supply chain management in the manufacturing industry: a systematic literature review, Global Mainstream Journal of Innovation, Engineering & Emerging Technology, 2024, V. 3, no. 2, pp. 1-13, DOI: http://doi.org/10.62304/jieet.v3i02.81
5. Razmanova S., Andrukhova O., Oilfield service companies as part of economy digitalization: assessment of the prospects for innovative development (In Russ.),
Zapiski Gornogo instituta = Journal of Mining Institute, 2020, V. 244, pp. 482-492, DOI: http://doi.org/10.31897/pmi.2020.4.11
6. Sireesha M. et al., A review on additive manufacturing and its way into the oil and gas industry, RSC Advances, 2018, no. 8, pp. 22460-22468,
DOI: http://doi.org/10.1039/c8ra03194k
7. Romagnoli S. et al., The Impact of digital technologies and sustainable practices on circular supply chain management, Logistics, 2023, V. 7, no. 1,
DOI: http://doi.org/10.3390/logistics7010001
8. Ying Li et al., Digitalization for supply chain resilience and robustness: The roles of collaboration and formal contracts, Frontiers of Engineering Management, 2023,
V. 10, no. 1, pp. 5-19, DOI: http://doi.org/10.1007/s42524-022-0229-x
9. Agrawal P., Narain R., Analysis of enablers for the digitalization of supply chain using an interpretive structural modelling approach, International Journal of Productivity and Performance Management, 2021, V. 72, no. 2, pp. 410-439, DOI: http://doi.org/10.1108/IJPPM-09-2020-0481
10. Taj S. et al., IoT-based supply chain management: A systematic literature review, Internet of Things, 2023, V. 24, DOI: https://doi.org/10.1016/j.iot.2023.100982
11. Litvinenko V. et al., Assessment of the role of the state in the management of mineral resources (In Russ.), Zapiski Gornogo instituta = Journal of Mining Institute, 2023, V. 259, pp. 95-111, DOI: http://doi.org/10.31897/PMI.2022.100
12. Ponomarenko T., Gorbatyuk I., Cherepovitsyn A., Industrial clusters as an organizational model for the development of Russia petrochemical industry (In Russ.),
Zapiski Gornogo instituta = Journal of Mining Institute, 2024, pp. 1-13, EDN DESOAU
13. Samylovskaya E. et al., Digital technologies in arctic oil and gas resources extraction: Global trends and Russian experience, Resources, 2022, V. 11, no. 3,
DOI: http://doi.org/10.3390/resources11030029
14. Carayannis E.G., Ilinova A., Cherepovitsyn A., The future of energy and the case of the Arctic offshore: The role of strategic management, Journal of Marine Science and Engineering, 2021, V. 9, no. 2, DOI: http://doi.org/10.3390/jmse9020134