Intelligent and Sustainable Upstream Operations are the Way for the Future
With a large amount of data collected, operators and contractors are now looking out for a way to utilize the data effectively to generate insights to improve their operations.
By Charan Lakshmanan, Flutura
The oil and gas industry is regarded as the primary source to serve the energy needs on earth till 2040. The upstream phase of operations plays a pivotal role in driving the dependency on providing the required volume of crude and natural gas.
The demand and supply fluctuate over time, especially during pandemic times, but overall, maintaining the ratio is the critical objective for any operator. The traditional way of operations is followed across countries like the US, Saudi Arabia, Russia, etc. But there are areas of improvement across these operations which can reduce the downtime and improve the efficiency of operations.