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Oil and Gas
Oil and Gas is being drilled the same way as always using low grad technology. -
Horizontal drilling becomes more affordable
More and more oil wells are being drilled horizontally due to the use of 3-D imaging that began in the 1980s, and became more reliable by the late 1990s. -
4-D imaging
BP began using 4-D imaging to gather their seismic data. This technology created a significant rise in production as it helped companies monitor their reservoirs more accurately -
Smart Field Technlogy
Companies started using sensors attached to fiber optic cables that relayed digital information about temperature, pressure, and other field conditions. This technology helped engineers be able to continuously monitor production and to quickly respond to any problems that occurred. -
In 2011, the National Petroleum Council reported that the resource base for technically recoverable oil and gas was 2.3 quadrillion cubic feet of natural gas, and billions barrels of oil.
Oil spill prevention technology for operations in deep- and ultra-deepwater -
Drilling iBox
Oil and Gas companies developed the Drilling iBox which is hardware and software that allows operators to use existing data into information that they can use to get status updates, cycle counts, and receive both condition-based and predictive maintenance. -
Sensors in the resviors for recovey factors
Technologies to increase reservoir recovery factors, in particular via stimulation. -
Drilling, Completion, and Stimulation
Technologies are being developed that will result in the need for fewer wells overall with far less impact on the surface and subsurface environments. Advances include reducing the drilling footprint through the use of drilling pads that allow multiple wells to be drilled from a single pad location. -
Oil well monitoring and early warning systems created
Two companies came together to develop a system that gives real-time data of oil wells and produced an early warning system. Both of these systems are used during oil well construction with the potential development and deployment to monitor a range of well activities and equipment which includes drilling and cementing and to help prevent blowouts. -
Digital imagery
Make it more precise than ever, allowing major companies to explore beyond conventional areas of production into shale, Deepwater and tar sands