According to DNV GL’s new Technology Outlook report, the future of oil and gas technology looks increasingly automated, digital and smarter. 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 report, 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 on- and offshore.
The new report forecasts technology developments that support a world with an increasingly diverse energy mix over the next ten 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.
The developing oil and gas technologies forecast to be in operation by 2025 include:
- Fully automated drilling operations
- Simpler and smarter completions
- Smarter subsea tie-ins
- Autonomous inspection of pipelines
- Biodegradable polymers for enhanced oil recovery
- Rigless plugging and abandonment
- LNG as fuel for trucks and railways.
Source: DNV GL