The sustained dip in oil prices is creating a huge opprotunity when it comes to the big data and augmented reality trends that have been making waves in the oil and gas industry.

There are benefits introduced by digital technologies – from remote communication to better predictive maintenance – through augmented reality.

This could have a significant bearing on the cost-effectiveness and lifecycle duration of most projects. And it is becoming clear that in the future, the most efficient sectors will be those equipped with data-driven tools to maximize production while minimizing downtime and maintaining rigorous safety standards.

In truth, augmented reality will constitute an important part of the digital eco-system over the coming years, but how is this emerging technology adapting to the offshore environment?

First, let’s define augmented reality shall we?

Augmented reality is typically a technology that superimposes computer-generated data such as text, image, or video onto the real-world environment.

AR has already made its mark in various fields such as healthcare, gaming, social media, and education. It is now evolving beyond these fields and expanding its presence across other fields, most especially the oil sector.

Interestingly, the implementation of augmented reality in oil and gas extraction and refining operations can prove to be really efficient. According to a report by ABI Research, the total AR market revenues for the energy and utility industry are expected to flourish up to US $18 billion by the year 2022.

How Augmented Reality In Oil And Gas Can Be A Game Changer?

Augmented reality is an emerging technology that can help oil and gas industries really enhance their overall performance, especially for offshore rigs. That’s why IngresQr has developed AR driven innovative gadgets that help increase productivity across the oil sector.

So, here are a few ways augmented reality (AR) can be beneficial for oil sector:

#1 Easy maintenance

AR technology can help improve the process of repairing or fixing machinery that requires the urgent need for servicing and maintenance. For example, a machine that is non-functional for a period of time will obviously require a technician/mechanic to repair it which might take an excessive amount of time.

However, with AR, the process of repairing and maintenance can be completed very fast, since AR can easily detect the root cause and help in solving the problem. Similarly, in the case of extraction of crude oil, which begins by drilling well, AR can potentially help detect areas that might have a higher concentration of oil.

#2 Low operating cost

The drilling of wells for oil extraction is a very extensive process and involves huge expenses. AR can help detect areas containing oil easily and hence prevent the unnecessary costs involved in futile drilling.

Also, in the case of equipment maintenance, AR can help fix the equipment without the need to call a tech expert. For instance, sometimes there might be a situation where a problem related to equipment could not be solved by technicians or engineers present on site.

In such cases, the company usually calls in a tech expert for the maintenance who would generally charge a huge amount of money for a visit. AR allows the concerned technician or engineer to communicate with the tech expert remotely and get the problem resolved, and thus Augment reality products could help cut down the visiting cost of the tech expert.

This is most relevant to oil companies that have their rigs offshore. With the help of our AR enabled gadgets, oil workers can work efficiently to fix technical issues at the offshore facility and also save company cost in training their workers.

#3 Enhanced safety

Because of the harmful environment, they are exposed to, workers in the oil and gas industry are prone to serious injury or health problems. In the case of an explosion or fire hazard, AR headsets can instantly detect emerging threats and instantly provide the safest directions for the workers to exit, displaying the directions on their headsets in real-time.

Conclusion

Recently, a number of oil and gas companies have started adopting AR technology to leverage the several benefits it can offer, such as increasing productivity and safety as well as cost-effective maintenance.

The lack of awareness of the possibilities of augmented reality in oil and gas operations could probably be a reason why many oil and gas companies are yet to adopt the technology. However, augmented reality is still here to stay and is indeed the technology of the future.  

Setting up an advanced AR system for a massive oil rig will need significant investment. However, the benefits that follow are evident.

In case you need a professional consultation regarding augmented reality development, feel free to contact us anytime!