The oil & gas industry continues to be a hotbed of patent innovation. Activity is driven by the need to improve safety and efficiency and reduce downtime, and the growing importance of technologies such as artificial intelligence (AI), machine learning (ML), big data, blockchain, and robotics. In the last three years alone, there have been over 523,000 patents filed and granted in the oil & gas industry, according to GlobalData’s report on Artificial intelligence in oil & gas: production scheduling automation. Buy the report here.
According to GlobalData’s Technology Foresights, which uses over 196,000 patents to analyze innovation intensity for the oil & gas industry, there are 60+ innovation areas that will shape the future of the industry.
Production scheduling automation is a key innovation area in artificial intelligence
Production scheduling automation is the use of computer software and algorithms to automatically generate schedules for manufacturing processes, ensuring optimal production efficiency.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 220+ companies, spanning technology vendors, established oil & gas companies, and up-and-coming start-ups engaged in the development and application of production scheduling automation.
Key players in production scheduling automation – a disruptive innovation in the oil & gas industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to production scheduling automation
Source: GlobalData Patent Analytics
Schlumberger is one of the leading patent filers in production scheduling automation. Schlumberger's Avocet platform helps to make decisions at the field level to achieve production targets. It gathers, stores, and presents production operations data to global and remote operations and helps users monitor production targets, budgets, key performance indicators (KPIs), and more. Schlumberger also offers Avocet Production Data Core, an extension of the Avocet platform, for storing historical production data, analysis, and reporting. Some other key patent filers in production scheduling automation include China Petrochemical, Halliburton, China National Petroleum, and BASF.
In terms of application diversity, Toshiba leads the pack, while Air Liquide and DIC stood in the second and third positions, respectively. By means of geographic reach, TaKaDu held the top position, followed by Weatherford International and ION Geophysical.
Oil and gas companies are increasingly using production scheduling automation systems for production scheduling and ensuring optimal production efficiency.
To further understand the key themes and technologies disrupting the oil & gas industry, access GlobalData’s latest thematic research report on Artificial Intelligence (AI) in Oil and Gas.