Petroleum Refinery 2020

Oil and Gas Technology

The last decade has seen tremendous advances in technology related to finding, estimating, and producing oil and gas. They range from supercomputers to nanotechnology. Seismic imaging technologies let drillers find oil and gas trapped miles underground and undersea. Oil rigs “walk” from one drill site to the next.

The oil and gas industry get into a significant amount of money and resources in oil and gas technology whether it’s in adopting new technology or in the maintenance and enhance of existing technological resources. Also as more national oil companies get involved new attest systems are required and this also presents a huge challenge for technology officers and heads in the industry. The worldwide energy industry is also facing up to fact that the era of "easy oil" is coming to an end. As a result, global oil and gas companies are proactively pushing forward the boundaries of digital strategies and embracing "digital oilfields" in an effort to increase production levels from progressively challenging fields.