05162021Sun
Last updateFri, 14 May 2021 4pm

End-User News

Report: Automation Could Save Oil & Gas Industry Billions

In a report that looked into the adoption of robotics across the petroleum industry, Rystad Energy found that existing solutions could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition.

Overall, Rystad Energy believes that at least 20% of the jobs in segments such as drilling, operational support, and maintenance could in theory get automated in the next 10 years. Looking at the current staffing headcount of some key oil and gas producing countries, the U.S. could reduce its staffing needs by over 140,000 employees. 

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