As crazy as it sounds but compared to what’s coming now oil drilling is still medieval. Every single hole drilled today (especially in the US) delivers more data on the subsoil than all oil drilling worldwide some decades ago. And computers today can crunch this avalanche in real-time and help the driller direct the drill bit. But this is just the tip of the iceberg. Oil and gas will be milked from vast unconventional reserves through constant stimulation and this activity is up for massive robotization.
Upstream operators can save up to $100 billion in the 2020s through automation and digitalization initiatives, according to Rystad Energy.