Blockchain Consortia
Oil & Gas Blockchain Consortium
Name of Association/Consortium
Oil & Gas Blockchain Consortium
Website and Maturity
Website Maturity: Somewhat Mature
Focus
- Business
Functional Area
- Development - Industry
Industries
- Energy and Utilities
Legal Entity Type
- Nonprofit Other
Region
- Region - North America
President/Executive Director
Rebecca Hofmann
Exact title
Founder & Director of US Oil & Gas Blockchain Forum, OOC Oil & Gas Blockchain Consortium
Key Contact and Title
Director, Research Director
Key Contact Phone Number and Email
+1 (832) 709-0716, william.wrinkler@energyconferencenetwork.com
Mission Statement of Association
Assist in the use of Blockchain as an emerging technology within the Oil & Gas industry with the potential to transform how we work today. A more seamless way of working with a central source of truth in which business activities can be self-executed and recorded in real time, in a transparent way with no central point of failure thus making it more secure.
Charter/other text describing objectives
The purpose of the Oil & Gas Blockchain Consortium is to bring the industry together to:
1. Learn, lead and leverage emerging blockchain technology as it relates to the energy industry.
2. Explore how blockchain technology can reduce costs and increase safety through maturing and piloting ideas.
3. Agree on digital way of working for prioritized projects.
4. Create value adding industry digital solutions
Member companies
Equinor ASA, Rebecca Hofmann, Director; Chevron Corporation; Repsol; ConocoPhillips Corporation; ExxonMobil Corporation; Pioneer Natural Resources Co
Sponsor companies
Equinor ASA, Rebecca Hofmann, Director; Chevron Corporation; Repsol; ConocoPhillips Corporation; ExxonMobil Corporation; Pioneer Natural Resources Co
Board of Directors
Equinor ASA, Rebecca Hofmann, Director; Chevron Corporation; Repsol; ConocoPhillips Corporation; ExxonMobil Corporation; Pioneer Natural Resources Co; Consortium Board Member Companies
Membership fees if any
Core Members (voting operators) = $100k ; Associate Members (service companies, no voting rights) = $50k (500+ employees), $25k (under 500 employees)
Period for membership
Annual
Services offered
The Oil & Gas Blockchain Consortium has identified several pilots to work on and has agreed to run three pilots in year 1. Year 1 will run from January 1, 2019 to December 2019. Once the management committee is established under the non-profit then a st
Conditions for sharing resources
membership contribution.
Published Use Cases
starting in 2019
Events and Meetings (2019)
January 15th-US Oil & Gas Blockchain Forum (Equinor Auditorium)
March 19th-US Oil & Gas Blockchain Forum
May 20th-US Oil & Gas Blockchain Forum
July 16th-US Oil & Gas Blockchain Forum
September 18th-19th - 3rd Annual Blockchain in Oil and Gas Conference
November 19th-US Oil & Gas Blockchain Forum
January 29th -31st- Terrahub Blockchain Courses
February 12th - Blockchain in Oil and Gas Canada Conference
Notes
The Consortium itself was just formed. Those 6 companies are the founding board members. The Consortium is closed to oil and gas operator companies only. The US Oil and Gas Blockchain Forum is an open forum to everyone in the blockchain space to interact.