The single major advantage of robotics is automation, which drives other improvements in efficiency, productivity, and safety. Automation enables extensive inspection and maintenance tasks to be conducted while feeding back data to help limit operational costs and improve efficiency.
Advances in modular and customisable robots are expected to result in the growing deployment of robotics in the oil and gas industry.
GlobalData’s thematic report, ‘Robotics in Oil & Gas’, notes that, while robotics has been a part of the oil and gas industry for several decades, growing digitalisation and integration with artificial intelligence (AI), cloud computing, and Internet of Things (IoT), have helped diversify robot use cases within the industry.
“A huge number of robots are now being deployed in oil and gas operations, including terrestrial crawlers, quadrupeds, aerial drones, autonomous underwater vehicles (AUVs), and remotely operated vehicles (ROVs),” said Anson Fernandes, Oil and Gas analyst at GlobalData. Robots have applications across the oil and gas industry in various tasks ranging from surveys, material handling, and construction, to inspection, repair, and maintenance. They can be customised for various tasks to ease the work and improve efficiency.
During the planning phases of an oil and gas project, robots can be deployed to conduct aerial surveys, or they can be employed to conduct seismic surveys during exploration. Aerial or underwater drones can be adopted depending on the project location and work requirements.
Robotics is a fast-growing industry
GlobalData forecasts robotics to experience a compound annual growth rate (CAGR) of 30% rising from US$52.9 billion in 2021 to US$568 billion by 2030.
“Robots will be the industry’s growth engine, and the oil and gas sector will greatly benefit from emerging use cases,” said Fernandes.
Data analytics and robotics improve insight obtained from surveys and surveillance exercises. This symbiotic relationship between robotics and wider digitalisation technologies is expected to be further evolved through collaborations between technology providers and oil and gas industry players.
“The volume of robotics use cases in the oil and gas industry is expected to grow rapidly, in tow with digitalisation. Industrial robots with analytical support from digital technologies are expected to become the mainstay across the oil and gas industry, especially in the upstream sector, where personnel safety and operational security concerns are heightened.”Anson Fernandes