DECEMBER 202219By Jeremy Angelle, VP of Well Construction, ExproIDENTIFYING THE VALUE IN AUTOMATING THE DRILL FLOORBackgroundThe drilling sector of the oil and gas industry has historically lagged other batch and process industries such as automotive and pharmaceutical industries in terms of adopting new technologies. A driving force that has resulted in a slower rate of technology adoption has been a risk-adverse culture where a high percentage of technologies introduced focused on new frontier applications as opposed to process efficiency. However, industry trends such as the cyclic nature of commodity pricing is forcing the industry to become more cost-effective in constructing oil and gas wells such that the industry can remain profitable and attractive to investment. The introduction of new technology can be informative and exciting, but it must provide value. Operations on drilling rig floors often involve the repetitive nature of installing various types of tubulars into and out of the well which would seem intuitive to automate to lower cost and reduce personnel. However, the investment versus return and actual results can often fall short preventing automation from being commercialized. Jeremy AngelleCXO INSIGHTS
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