Energy Transition in the Oil & Gas Industry – Emerging Technology Trends in the Upstream Sector

Abstract

Abstract The energy transition is a popular concept, fettered by technology hype, political agendas, and financial influences that are inherently attached to the term ‘energy transition’. There are a lot of misconceptions and intricacies behind the strategies operators are undertaking in this energy paradigm shift. Therefore, clarity is needed on what is driving this paradigm shift: technology, policy, and cultural change. The scope of this paper focuses on defining the different strategies operators are adopting in their operations that align with transforming business models in the energy transition pathway. Predominantly segmented on various emerging technologies being implemented during operations and processes in upstream sector. Technologies that were barely considered before are now being deployed. Furthermore, explanations and considerations will be offered on emerging technology trends implemented in field operations, from subsurface drilling to completion. Lastly, the information and data presented herein are based on industry market intelligence supported by personal case studies and primary and secondary market research.