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.