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Over recent years, the oil and gas industry has begun to embrace new technologies to help revolutionize the workforce. The number of oil and gas technology jobs in the industry is increasing on a regular basis and digital oilfields are becoming increasingly popular as a result of implementing new and exciting technologies. There are many types of technology that can be implemented by companies in the industries, each with their own benefits and ways in which they can transform a business’s operations. This short guide looks at five technologies that are set to have a dramatic impact on the oil and gas industry and how exactly they can be implemented.IntroductionDIGITAL TRANSFORMATION FRAMEWORK FOR OIL AND GAS OPERATIONS2
There are seemingly endless uses for artificial intelligence and other forms of automation that can be implemented in the oil and gas industry. From the initial surveying process to continuous monitoring of machinery, artificial intelligence can improve planning and boost workplace safety.Articial Intelligence in the Oil and Gas IndustryIndustry experts have cited artificial intelligence as being one of the most likely technological advancements to have a huge impact on energy firms. An increase in safety throughout high-risk environments can be made possible due to autonomous machine and system monitoring. Without the need for human presence in such high-risk areas, the occurrence of occupational injuries.At first, it's likely that the widespread presence of artificial intelligence in the oil and gas industry will just be in roles that helps to augment human workers. Industry experts expect it to be some time before there's a total replacement of human workers. However, the initial phases of augmentation will still provide the industry with a much-needed boost to employee safety and productivity.DIGITAL TRANSFORMATION FRAMEWORK FOR OIL AND GAS OPERATIONS3
Data recording has recently increased in prevalence in the oil and gas industry, with data recording playing a larger role than ever before in the exploration, drilling, and even production operations. At present, data analytics is mainly being used to analyze and explore seismic data, reducing drilling time while simultaneously increasing safety, asset management, and optimization of the performance of many areas of the wider business.The Use of Big Data in the Oil and Gas IndustryFor the oil and gas industry, the application of data analytics is genuinely game-changing. Huge sets of data can be analyzed to help engineers forecast potential issues before they arise and cause considerable problems. Avoiding such issues can provide a massive boost to revenue and operational efficiency. Having an idea of the performance of different pieces of equipment and machinery throughout their lifetimes can help reduce the likelihood of operational failures occurring and directly add value to the company.DIGITAL TRANSFORMATION FRAMEWORK FOR OIL AND GAS OPERATIONS4
The use of data analytics is a promising change. As it can help identify other areas where oilfield technology can be introduced. By embracing data analytics in the oil and gas industry, businesses can in turn access a range of other benefits that come from implementing emerging technologies. New technologies directly equate to increased operational efficiencies and an increase in turnover.DIGITAL TRANSFORMATION FRAMEWORK FOR OIL AND GAS OPERATIONS5
Machine learning can enhance the capabilities of businesses in the oil and gas industry. It can streamline the workforce while also delivering a range of benefits that help to optimize the discovery and extraction processes.Machine Learning in the Oil and Gas IndustryOne of the most exciting applications of machine learning is the effect that it could have on the processing of seismic data. The ability to precisely construct geological models with almost total accuracy will prevent operative with the opportunity to predict what is beneath the surface in ways that until now have been almost impossible. Implementing this could help reduce the number of dry wellheads and in turn increase the operational efficiency of oil and gas companies. Machine learning excels at problem solving. It can resolve the most complex of problems in a quick and efficient manner.Machine learning algorithms can be used for case-based reasoning - establishing the solution to new problems by thoroughly examining old, similar problems. Machine learning software sorts through huge databases of problems in a way that simply wouldn’t be possible for a human user. The algorithm then identifies similar issues that have emerged previously before going on to identify how those issues were solved. This presents the opportunity to save a substantial amount of time and money.DIGITAL TRANSFORMATION FRAMEWORK FOR OIL AND GAS OPERATIONS6
The internet of things can include wearable devices, equipment, and even buildings. Anything that can be embedded with electronics and network connectivity that can transfer data without interaction is part of the IoT. The ability to transfer data in this manner allows for previously unprecedented amounts of data to be collected and dispersed through several different sources.The Internet of Things and how it Relates to the Oil and Gas IndustryPrompt and accurate production data is the cornerstone of profit in the oil and gas industry. This can be significantly boosted via introduction of IoT. Production can be monitored in real-time and informed decisions can be made as a result of this. Companies can use the information gathered to influence their next steps with greater business acumen.For meaningful data to be transmitted effectively, a well-built IoT infrastructure must exist. Without one, companies may struggle to convert huge amounts of data into meaningful, actionable information. Processing this information in a timely manner can help the oil and gas industry to massively reduce its environmental impact and use less energy in its general operations.DIGITAL TRANSFORMATION FRAMEWORK FOR OIL AND GAS OPERATIONS7
Analytics can be leveraged via augmented reality devices that help boost employee safely on a hitherto unprecedented level. Wearable devices, such as goggles, can measure employee activity and relay evidence of fatigue or disorientation. Two-way communication can provide invaluable support for employees that are in danger and important contextual information relating to location to the relevant personnel.Augmented Reality in the Oil and Gas IndustryFor workers in the field, augmented reality can massively impact their productivity and accuracy. A good example of this would be wearable devices that provide visual clues or indicators as well as process steps or repair instructions. For example, a device that initiates communication between an on-site employee and an expert who can work on a remote basis. By allowing the expert to see what the on-site worker sees, complicated tasks can be simplified thanks to in-depth and accurate real-time advice.DIGITAL TRANSFORMATION FRAMEWORK FOR OIL AND GAS OPERATIONS8
Augmented reality looks set to reduce downtimes and streamline repair and maintenance work. When businesses implement such technology, a noticeable increase in operational efficiency will be felt in many departments. Augmented reality can massively increase productivity and employee safety. As such, it should be a priority for oil and gas businesses to implement this emerging technology as soon as possible.DIGITAL TRANSFORMATION FRAMEWORK FOR OIL AND GAS OPERATIONS9
It seems only logical that as more companies adopt these emerging technologies more oil and gas technology jobs will appear. With digital oilfields set to change the way oil and gas companies operate, these ventures will bring new rewards for the industry.The Future of Oileld Technology800-562-2340editor@oilmanmagazine.comwww.oilmanmagazine.comDIGITAL TRANSFORMATION FRAMEWORK FOR OIL AND GAS OPERATIONS10