OIL & GAS
Inevitably, the Oil & Gas industry is prioritizing technologies which drive meaningful efficiencies.
This includes automation in areas such as drilling and inspection, but also in areas like autonomous or remote controlled choking back of high water and gas producing zones using smart completions. Digitalization will clearly impact many areas, and is an integral aspect of automation (e.g. in autonomous drilling monitoring and diagnostics), but one area of potentially substantial impact is monitoring and data analytics to achieve the necessary flow conditions for stable and economic subsea production.
Other areas of technology take-up rely more on new risk-based approaches and cooperation with regulators, for example with rigless plugging and abandonment, or instances where the benefits of new technology are multi-faceted – as in the case of biodegradable polymers for enhanced oil recovery which hold both economics and environmental benefits.
Photo credit: Statoil