Strategic Intelligence: The Future of Work in Oil & Gas
Summary
Future of work technologies are dramatically changing how work is performed in the oil and gas industry. As these technologies continue to develop, they will likely be used in tandem. The impact of future of work technologies in oil and gas is already significant and will only grow in the coming years.
The future of work is transforming the oil and gas industry > Future of work technologies are dramatically changing how work is performed in the oil and gas industry. As these technologies continue to develop, they will likely be used in tandem. Combinining automation with Internet of Things (IoT) or artificial intelligence (AI) technologies enables the collection and analysis of data, facilitating predictive maintenance and uninterrupted production, and can aid exploration through seismic data analysis. Consequently, the skillset required in the oil and gas sector is changing. Proficiency in digital tools will become essential for workers, while the significance of manual labor skills will diminish as automated systems take on these tasks.
Automation is key for health and safety > Integrating automation technologies can significantly improve health and safety in a notoriously hazardous industry. In remote and offshore locations, robotics and drones can mitigate risks associated with heights, accessing equipment, and exposure to toxic chemicals and gases. Fully automated systems operate continuously, leading to increased productivity and cost savings. Automation enables real-time monitoring and control from a centralized location, supporting remote asset management. This not only improves operational visibility but also facilitates prompt decision-making and intervention in case of emergencies or anomalies.
Digital twins are enhancing operational efficiency > Digital twins allow companies to monitor, analyze, and optimize their operations in real-time. By integrating data from sensors, equipment, and processes, digital twins provide a comprehensive view of assets, enabling predictive maintenance and performance optimization. This technology helps companies identify potential issues before they occur, reducing downtime and maintenance costs. BP has estimated that optimization analysis, which used to take more than a day, can now be performed in 20 minutes because of the use of digital twins.
Key Highlights
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