Showing posts with label Drones and Data Could Dominate Future Oil Fields. Show all posts
Showing posts with label Drones and Data Could Dominate Future Oil Fields. Show all posts

Friday, August 28, 2015

Drones and Data Could Dominate Future Oil Fields

A pump collects data about the oil it is hauling to the surface and re-configures its operations to handle the crude more efficiently. A roughneck tripped up by a repair job logs into a mobile device from the rig and downloads a training video. Drones fly out to remote locations to inspect oil field equipment and scour the best places for new well pads.
This is the digital oilfield, as envisioned by Houston-based oil producer Occidental Petroleum.
As oil companies hunt for new ideas to save money amid a global crude slump that’s dried up revenue and forced a retreat from once-booming shale plays, they are increasingly turning to the tech industry for nontraditional ideas that could help them operate faster and better than their competitors.