Like many other industries, the oil and gas industry is going through some technological changes. Just as medicine is seeing breakthroughs in the industry because of the development of DNA technology, the extraction industry also has seen some amazing changes to how business is done.
Today, with a growing need for more and more sources for oil and gas as the current wells become tapped out, we see many of the leading companies in the industry turning to technology to solve some crucial problems. Developments of software such as Orcaflex can help many engineer consultants when it comes to designing offshore solutions. Beyond the software and hardware are some technical changes that have shifted the industry at its most fundamental core.
The Rise of Supercomputing
Houston is the hub of the oil industry in the United States. It is also the center for innovation in computing as the oil industry gears up to use quantum computing to solve the thornier problems in the industry. A more complex world means more complex problems, and that certainly includes finding new and innovative ways to extract oil and gas with a lower impact on the environment for a lower cost.
All of this needs the best in computing power and British Petroleum has surged ahead with its high-performance computing center in Houston. Expect to see more of the industry follow suit as the advantages of having a building of computers that crunch the data and provide detailed analysis at an even faster rate begin to pay off.
Controlling the Flow of Data
One of the areas that the oil and gas industry has always understood is the value of data. It is an industry that very quickly embraced the computer for its ability to crunch numbers that would tell it the viability of each well and how to best capitalize on it. But today as satellite technology has become more common in many fields for handling data, this is an industry that has yet to find the best way to capitalize on a new technology.
Platforms that sit on a distant and isolated location in the middle of the ocean need to handle the vast streams of data that flow from this source. While satellite uplinks have been handling it for the last decade or so, the amount of computing power has grown until now the flow of information outpaces what a satellite can upload. New technologies that allow the development of faster smaller computers can make it possible to do the crunching on the platform, eliminating the bottleneck of the satellite completely.
More Yet to Come
While computing and data crunching will always be an important tool for any oil and gas industry company, you can expect to see developments in the industry in other areas as well. Technology never stands still and so just as the ability to decode DNA has led to bigger and more exciting discoveries for medicine, so too will the oil and gas industry see new developments from this growth in computer power. These are tools that will open up a whole new world for this industry and lead the way to bigger developments in the future.