Abstract

AbstractStudy related to the extractive sector still plays a limited role in the mainstream international business (IB) and management literature, with even less focus on ongoing liberalization and digitalization in the industry. This article was motivated by the question of how collaboration between foreign and indigenous oil and gas (O&G) companies can support small‐sized and medium‐sized indigenous technological development. The main contribution of this article is the development of a model that explains how different actors can cocreate value in the ecosystem of the O&G industry through digital technologies. A three‐stage qualitative–interpretive method based on interviews with industry experts was adopted to build three vignette case studies. This article proposes what companies and the government could do to increase the competitiveness of the local economy, diversify from O&G into high technological industries, and support industrial development through information and communication technologies (ICT).

Highlights

  • Resource-rich countries1 place great emphasis on oil and gas (O&G) industrial competitiveness because it is crucial to this sector of the economy in creating jobs and stimulating growth, as well as providing potential for diversification from the O&G industry into the growing service sector, namely the information and communication technologies (ICT)2 industry, among others

  • We argue the deployment of ICT contributes to each layer of value cocreation, and the competitiveness of the O&G industry can be improved by further adoption of ICT and value cocreation in collaborative publicprivate networks

  • As the focus of this study is on collaboration between foreign and indigenous companies in the ecosystem of the O&G industry, we have focused on firm-level cases, such as: international companies or multinational enterprises (MNEs), state-owned national oil companies (NOCs9), and small- and medium-sized enterprise. Source (SME)

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Summary

Introduction

Resource-rich countries place great emphasis on oil and gas (O&G) industrial competitiveness because it is crucial to this sector of the economy in creating jobs and stimulating growth, as well as providing potential for diversification from the O&G industry into the growing service sector, namely the information and communication technologies (ICT) industry, among others. Industrial competitiveness is (c) cloud computing, (d) big data analytics, and (e) artificial intelligence. These technologies and processes are based, in one way or another, on advanced ICT, so that the driver of the New Digital Economy is the continued exponential improvement in the cost-performance of ICT, mainly microelectronics (UNCTAD, 2017).

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