Energia
Frost & Sullivan Identifies the Top 5 Industry Shifts Fueling the Future of Drilling Systems
The analysis also provides an overview of emerging technology areas, industry shifts, company profiles, and resulting business model transformations in drilling activities through 2025. It presents clients with a holistic, directional analysis of the drilling ecosystem, with a focus on onshore operations.
"Next-generation automated drilling systems can drastically reduce the time spent on reporting, record keeping, and compliance by integrating technologies such as advanced computing, , and computer vision," said . "While will leverage sensors and , blockchain can aid in parts ordering and logistics. Similarly, additive manufacturing can help create parts, ( ) can handle maintenance, and the whole system can be coordinated through cognitive computing."
The new upstream methods are expectedly triggering novel business models and altering the value chain. For instance, contractors and service providers are consolidating vertically to expand their offerings to provide . In due time, legacy rig fleets will be rationalized and integrated across a holistic automation platform, which, in turn, will stoke industry demand for open .
"The rising relevance of will coincide with the increasing importance of data in influencing procurement decisions. The net result will be a highly transparent and quantifiable value chain," noted . "The greatest industry impact will be felt when an that automates procurement across all drilling and support activities emerges as a trusted, secure, third-party application encompassing the entire drilling ecosystem."
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