Receive your free insiders guide to investing in oil and gas wells now. Oil and gas production handbook an introduction to oil. The annual upstream oil and gas digital trends survey is commissioned by accenture and microsoft. Midstream usually refers to transportation and storage stages. The disruption in oil and gas upstream business by industry 4. Please click on the icon below to access the emagazine country edition of your choice. Big data or big data analytics refers to a new technology which can be employed to handle large datasets which include six main characteristics of volume, variety, velocity, veracity, value, and complexity. One oil and gas company, for instance, took inspiration from the softwaredevelopment world and used a scrum approach to simplify drilling standards from 1,000 pages to fewer than 100. However, advances in directional well drilling and reservoir. Operations are changing at every link in the supply chain, as companies adopt new and emerging technologies, digitize their enterprises, and streamline processes.
For example, rignet is a venturebacked company focused. Technology is helping revive and transform legacy industries by creating efficiencies where needed. Downstream encompasses the various processes involved in refining and selling oil. Healthy commercial crude oil inventories in oecd countries, standing at 2. Leak detection technologies for the oil and gas industry. Different design criteria must be used in sizing and selecting a separator for a hydrocarbon stream based on the composition of the fluid mixture. Opportunities and challenges big data in oil and gas industry conference paper pdf available november 2015 with 5,724 reads how we measure reads. This reader covers basic information about oil and gas and the industry that extracts them. By injecting gas into this oil, the specific gravity is lowered and the well will start to flow.
This site will help arm you with the knowledge, tools and confidence to make smart oil and gas investment decisions. Box 53127 oklahoma city, ok 531273127 prepared for. New technology has made it profitable to extract oil and gas from new places when prices are high. Oil and gas companies have looked to technology solutions to manage these distances. Oil and gas enterprises are investing in a wide range of technologies as they aim to secure their future competitiveness in a fastchanging industrial environment. Mar 28, 2012 oil and gas companies have looked to technology solutions to manage these distances. The oil and gas industry is usually divided into three major operational sectors. The oil and gas found in the ground come in different grades or qualities. Although oil and gas are likely to be major sources of. Discusses theoretical and applied problems of up and down stream. The authors wish to thank the doe and our coresearchers for their support. Energy information administration technically recoverable shale oil and shale gas resources 4 ahead of time. Pdf on mar 9, 2018, valeriy toporov and others published oil and gas production technology training manual find, read and cite all the research you need on researchgate.
Development, technology, and policy issues congressional research service summary in the past, the oil and gas industry considered gas locked in tight, impermeable shale uneconomical to produce. Knowledge based oil and gas industry natural resource. Development, technology, and policy issues congressional research service 2 gas shale development takes place on both private and state lands. Oil and gas companies that respond to the digital transformation toward efficiencies by building sustainable digital capabilities will be tomorrows winner. If a reservoir contains both oil and gas, the gas it contains is called associated gas. The real task for the oil and gas sector is how quickly it can move to take advantage of the many opportunities that blockchain will bring. The sweetness of oil refers to the amount of sulfur in the oil. When a reserve of oil is found, the company will often produce a description of the quality of the oil and the estimated amount measured either by volume barrels or by weight tons. New technological frontiers in the oil and gas industry. Jan 30, 2018 the oil and gas industry should be afforded exactly the same competitive edge, not confined by their own data centers.
In the low oil and gas resource and technology case, domestic crude oil production decreases for most of the projection period, and. The brazilian oil and gas industry finds itself at a unique point in its history. Hydraulic fracturing is a technique used to extract natural gas, including. Oil and gas are found under the ground in reservoirs that are sealed but connected to other chambers of oil and gas underground. In areas where oil is found in shallow reservoirs, seeps of crude oil or gas may naturally develop, and some oil could simply be collected from seepage or tar ponds. Oil and gas is a very dataintensive industry, but much of the information being captured and stored is unstructuredwhich comes at a cost.
Chemistry and technology of fuels and oils publishes reports on improvements in the processing of petroleum and natural gas and cracking and refining techniques for the production of highquality fuels, oils, greases, specialty fluids, additives and synthetics. For this purpose, fundamental researches, applications and developments in the areas mentioned above as well. Continental shelf ocs and in the broader oil and gas industry, at their core they all follow the same processidentify, analyze, evaluate, control, communicate, and monitor. The journal includes timely articles on the demulsification, desalting, and desulfurizing of crude oil.
In 2011, the national petroleum council reported that the resource base for technically recoverable oil and gas was 2. Research and innovation for the oil and gas industry sintef. Consequently, the oil and gas industry, researchers, and government agencies spend. Our goal is to provide a cleareyed roadmap to understanding the oil and gas industry and evaluating the opportunities and potential risks realistically. In texas, where similar gas shale development takes place, the rates are generally higher. Piper alpha piper alpha is considered one of the worst offshore oil disasters in history. Oil and natural gas research the portfolio is advancing technologies to improve hydrocarbon recovery efficiency, reduce the operational risks of production, improve the performance of our nations pipeline infrastructure, and characterize resources in emerging basins and plays. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned. Study of oil and gas extraction wastewater management under. Pdf oil and gas production technology training manual. In the high oil and gas resource and technology case, domestic crude oil and dry natural gas production increases through 2050, reaching 1 9.
The cybersecurity maturity model for oil and gas 14 the government standard 16 cyberecurity and health, safety and environment 16 iv. Typically, gas is injected between the casing and tubing, and a release valve on a gas lift mandrel is inserted into the tubing above the packer. Oil has been used for lighting purposes for many thousands of years. Ijogct is a multidisciplinary refereed journal that is concerned with exploration, production, processing and refining, storage and transportation, economical, managerial, business, environmental, safety and security issues related to oil, natural gas, coal and petrochemicals as well as manufacturing and refining of biofuels. Brings timely publications on recent advances in oil and gas industry. Royalty rates, rents, and signing bonuses paid to state and private landowners vary. The survey grouped the technologies into two categories. According to kpmgs prior reports, the growth and stagnation experienced by emerging countries, and the related impact on commodity prices were the two main issues the industry had to face over the last. The company completed this exercise in a matter of weeks and cut drilling cost by 30 percent. Sep 29, 2017 technology how technology is saving the oil and gas industry technology is helping revive and transform legacy industries by creating efficiencies where needed.
The qualification focuses on international standards and management systems, enabling students to effectively discharge workplace safety responsibilities. Standards for cybersecurity 18 the cybersecurity framework 20 industry standards 22. The oil and gas industry should be afforded exactly the same competitive edge, not confined by their own data centers. Oil and gas production the united states will, for the foreseeable future, continue to rely heavily upon oil and natural gas to support its. The production restraint agreement between the opec and nonopec vienna agreement countries is still in place, preserving spare production capacityif. Technically recoverable shale oil and shale gas resources. The enormous economic contribution of the oil and gas industry to many national economies makes its future of critical importance to the global community. Oil and gas technology centre ogtc executes technology strategy of tlb has. One technology set to transform the oil and gas sector is blockchain. The visibility and clarity delivered by digital technologies and advanced analytics can give executives unprecedented, granular views into operations, increase agility, and. Strategic planning for the oil and gas industry edinburgh business school v contents module 1 the oil and gas industry. Nov 14, 2019 nebosh international technical certificate in oil and gas operational safety this qualification is designed specifically for those with safety responsibilities in the oil and gas industry. Except for cases 1 and 2 above and symbols k h and l v, phase, composition, and system subscripts should generally appear first in subscript order.
Journal of oil, gas and petrochemical technology jogpt publishes the latest researches, developments and innovations in technology related fields of gas, petrochemical and oil industries covering upstream and downstream technologies. In fact, the blockchain revolution is starting here and now. The symphonic enterprise is deloittes ninth examination of the forces that are disrupting and redefining information technology it, business, and society in general. In the case of low pressure oil wells, the liquid phase will be large in. Process and technology status oil and gas technologies include the exploration and development of oil and gas fields, and. Long before phrases such as big data, advanced analytics, and the internet of things became popular, oil executives were making use of 3d seismic, linear program modeling of refineries, and advanced process control for operations. In our work with oil and gas companies we see the importance of innovation. Respondents were oil and gas industry professionals including engineers, midlevel and executive management, business unit heads and staff, project managers and. Download pdf version the path oil and gas travels from extraction to end consumer is in a state of transformation.
A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Vision 2040 global scenarios for the oil and gas industry 5 how to read the study few areas of the economy are as volatile literally and figuratively as the oil and gas sector. The multiplicity of factors that influence the directions of the petroleum production chain is huge, making the task of preparing strategies and action plans. More effective management of this data could reduce risks for companies and help them boost the bottom line.
Breakthrough innovation and growth explores the impact that innovation has on growth and examines how leading companies are making innovation work for their organisations. The purpose of this paper is to consider the future of the oil and gas industry and the profound challenges that it is facing. Oil and gas companies were pioneers of the first digital age in the 1980s and 1990s. The amazing technology disrupting oil and gas think. Pdf on mar 9, 2018, valeriy toporov and others published oil and gas production technology training manual find, read and. Upstream involves the exploration and production of oil and natural gas. Digital transformation in oil and gas technology is rapidly shifting from being the legacy enabler to being a game changer. Furthermore, the norwegian oil and gas industrys environmental standards make it an attractive oil and gas hub in which to do business.
With exploration of the presalt layer reserves, the country is preparing for an unprecedented jump in oil production. International journal of oil, gas and coal technology ijogct. The russian volume year is published in english from april. Shale gas shale oil gboe gboe poland 25 3,3 france 23 4,7 romania 9 0,3 denmark 5 0 uk 4 0,7 netherlands 4 2,9 others 9 1 total 80 12,9 country. Spunoff february 2015 privately held ca ccorp focus on sensors for bulk oil and gas leak detection finalist for connects most innovative new product award. The oil and gas industry is tailormade for this transformation. A second goal was to better understand any potential need for, and any concerns over, additional discharge options under the cwa for onshore oil and gas wastewater. Technology how technology is saving the oil and gas industry technology is helping revive and transform legacy industries by creating efficiencies where needed. The primary way to describe the quality of oil is in terms of its sweetness and heaviness. One of the major new processes is hydraulic fracturing, or fracking, which allows companies to extract shale oil and gas. Energy efficient technologies and operational procedures for oil and gas production on offshore platforms and floating production, storage and offloading facilities.
The valve will open at a set pressure to inject lift gas into the tubing. Today, public perception is that oil and gas companies are not keeping up with the times. However, the development of higher environmental standards is called for, particularly given the plans to extract oil and gas in the northern areas. Vision 2040 global scenarios for the oil and gas industry. The oil and gas industry natural resource governance. Pdf opportunities and challenges big data in oil and gas. Havard devold oil and gas production handbook an introduction. The oil and gas organization of the future mckinsey. All consulting and the interstate oil and gas compact commission iogcc as coresearchers are joined by the cooperating oil and gas agencies of several oil and gas producing states.
Pioneering the way for a net zero future techx programme announces cohort 3. The oil platform accounted for roughly 10 percent of the north seas oil and gas production. The publicprivate partnership was designed to benefit consumers by developing environmentallyfriendly technologies to increase americas domestic oil and gas production while reducing the nations dependency on foreign imports. Many oil and gas company leadership teams understand that digitization is more than an opportunity it is an imperative see exhibit 1. To say the oil and gas industry has had a tough couple of years would be a bit of an understatement. Transporting oil and gas by pipeline is generally cheaper than transporting it by rail or truck.
The next frontier for digital technologies in oil and gas. Resource estimates change as extraction technologies improve, as markets evolve, and as oil and natural gas are produced. Our unique datadriven, humanled, and technology powered approach creates the trusted, actionable, and. Digital transformation initiative oil and gas industry world. Information technology and operational technology 9 the value proposition of ot 10 the threats to oil and gas 12 iii. Gas is transported in two ways, either by gas pipeline or by. The most popular new energy technology among oil and gas investors is green. The portfolio is advancing technologies to improve hydrocarbon recovery efficiency, reduce the operational risks of production, improve the performance of our nations pipeline infrastructure, and characterize. Leak detection technologies for the oil and gas industry chris neidre alex robertson. Technology laboratory netl of the us department of energy doe. When advances such as digital reality, cognitive, cloud computing, and blockchainto name just a fewwork in. For example, rignet is a venturebacked company focused on it networks for drilling rigs and offshore vessels.