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A smarter, digital future for oil and gas
The future of oil and gas technology looks increasingly automated, digital and smarter according to a new Technology Outlook report published by DNV GL. The report peers into the systems and processes that oil and gas and other sectors will deploy by 2025, as business operates in an increasingly interconnected world.
According to the study, industry players should expect particular evolutions in subsea production system technology and more efficient drilling and well operations, while autonomous pipeline inspection is expected to increase both on- and offshore. The report forecasts technology developments that support a world with an increasingly diverse energy mix over the next 10 years, as global consumption increases by up to one fifth.
Cost pressures on the oil and gas industry, the imperative to reduce CO2 emissions, new policy and regulatory measures and expected strong growth in natural gas production are additional factors that drive technology development in the sector between now and 2025.
News Item details
Journal title: Petroleum Review
Subjects: Engineering, Natural gas, Oil and gas, Subsea engineering, Environmental policy
