5 In-Demand Technologies in the Oil and Gas Industry

Artificial Intelligence and Machine Learning are revolutionizing oil and gas operations by enabling smarter decision-making, predictive maintenance, and automation. According to a report by McKinsey & Company, the implementation of AI and ML in the oil and gas sector can reduce operational costs by up to 20% and increase productivity by 5-8%.

Applications and Examples:

• Predictive Maintenance: AI models can predict equipment failures before they happen, significantly reducing downtime.
• Exploration and Drilling: ML algorithms help geologists interpret seismic data faster and more accurately.
• Reservoir Management: AI tools are used to simulate reservoir behavior under various scenarios, improving recovery rates and minimizing environmental impact.

Usetech Case: SIMULATION OF HYDROCARBON ACCUMULATION SEARCH

Seismic exploration is used not only to find structures that may contain hydrocarbons, but also to select the optimal location for exploration wells drilling. The only reliable way to find out whether a trap contains industrial gas quantities is to drill a well. On average, only one out of three drilled wells turns out to be a field.​

The solution is based on a droplet-bubble model of the field. The application of machine learning technologies makes it possible to discriminate spontaneous hydrocarbon oscillations at depths of up to 7 km from the surface microseismic noise.

As a result, the project generates a map of parameter anomalies corresponding to projections of field contours on the surface. The method allows the anomalies to be separated into gas and oil anomalies. 

The project involves the migration of measured data to identify multilayer reservoirs. The migration results in a 3D model of the hydrocarbon reservoir, which allows the estimation of reserves. The developed approach makes it possible to identify hydrocarbon reservoirs, estimate reserves and make recommendations for the positioning of new wells.

Deloitte reports that IoT adoption in oil and gas could lead to savings of over $1 trillion globally by 2025 through improved asset management and operational efficiency.

The Internet of Things enables real-time monitoring and data collection across oil and gas infrastructure, from upstream exploration to downstream distribution.

Applications and Examples:

• Remote Monitoring: IoT sensors are widely deployed to track pipeline integrity, pressure, temperature, and leak detection.
• Asset Tracking: IoT helps manage the logistics of equipment and materials across remote and offshore sites, reducing delays and losses.
• Environmental Monitoring: Sensors detect emissions and spills, helping companies respond quickly and comply with environmental standards.

According to MarketsandMarkets, the oil and gas robotics market is expected to grow from $13.5 billion in 2022 to $23.5 billion by 2027. Robotics and aerial drones are increasingly used to perform hazardous tasks and gather data from difficult-to-access areas, thereby improving safety and operational uptime.

Applications and Examples:

• Inspection and Maintenance: Drones inspect offshore rigs, pipelines, and storage tanks, capturing high-resolution images and thermal data. 
• Underwater Robotics: Remotely Operated Vehicles (ROVs) are used for subsea inspections, welding, and repairs.
• Autonomous Operations: Robotics are employed in drilling operations to automate repetitive and dangerous tasks.
  

The explosion of data in oil and gas operations has led to the adoption of advanced analytics and digital twin technologies to model and optimize asset performance. A 2021 study by Deloitte indicates that digital twin technology can increase asset efficiency by up to 10% and reduce maintenance costs by 20-25%.

Applications and Examples:

• Digital Twins: A digital twin is a virtual replica of a physical asset, allowing engineers to simulate and test scenarios in real-time.
•  Big Data Analytics: Analyzing data from seismic surveys, sensors, and production logs helps companies make informed decisions.

The Middle East is expected to dominate the EOR market, with a projected CAGR of 7.8% through 2028, according to a report by Allied Market Research.

With many oil fields maturing, especially in the Middle East, Enhanced Oil Recovery (EOR) technologies are critical to extending the life of assets and maximizing output.

Applications and Examples:

• Chemical Injection: Injecting polymers and surfactants into reservoirs to increase oil mobility.
• Thermal EOR: Using heat (steam injection) to reduce oil viscosity.
• Gas Injection: CO2 and natural gas injection are used to maintain reservoir pressure.