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The oil and gas (O&G) market is considered one of the pillars of the Brazilian economy. In constant growth, this segment found the need to address new technologies and use them in favor of its operations. Among them is Artificial Intelligence (AI), which has become an important ally for cleaner and safer production. In this article, we discuss how technology has been important for the safe and sustainable development of a market that is often seen as "the environmental villain." Happy reading!
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The Oil and Gas market in Brazil
Information from the Brazilian Association of Oil Services Companies (ABESPetro) confirms the statement made at the beginning of this text: the Oil and Gas market is one of the pillars of the Brazilian economy. Furthermore, the information presents significant data for the country: • The sector represents 15% of the industrial GDP;
• In 2022, a 2.47% increase in oil production was recorded compared to the year 2020;
• A 2.98% growth in natural gas production between 2020 and 2022;
• Brazil is the 9th largest oil producer in the world;
• Expectation that oil and gas extraction will grow by 80% by 2029, reaching 5.2 million barrels daily.
In addition to these numbers, ABESPetro reveals that there is an estimate of approximately US$ 24 billion in investments per year in the Brazilian market. These are surprising figures that show the importance of the market for the Brazilian economy. With this constant growth, the O&G industry needs to adapt to the new world, especially when it comes to sustainability and safety. For this reason, technology has become an important ally. Tools that utilize artificial intelligence and machine learning have become essential for the sound development of this industry. And they have brought significant advancements for everyone, with positive results and lower environmental impact.
How does Artificial Intelligence help in production?
The digitalization of processes has proven to be the best shortcut for the modernization of the industry. With it, productivity and safety are elevated at all levels of the chain, resulting in more sustainable growth. Some examples of technology can be cited as important for this process. Below, we explain some of them:
Internet of Things (IoT)
IoT ecosystems help in collecting real-time data on various points of the production chain: infrastructure, distribution, production, among others. With these programs, it is possible to improve operational efficiency, cut costs that become unnecessary, increase productivity, and reduce energy consumption. In the end, there is a major boost in industry profits and reallocation of investments to more important areas.
Edge computing
This is a technology that has helped speed up data processing in more remote areas, with restrictions and difficulties in obtaining connectivity. With the use of drones and augmented reality glasses, for example, it is possible to perform inspections in these locations and even avoid putting workers at risk.
Artificial Intelligence
Finally, we reach the main point: artificial intelligence. This technology has recently been on the agenda of several market conversations. AIs have been playing an essential role in the entire oil and gas sector and, consequently, have become a widely used tool by industries. According to a survey by Ernst & Young, 92% of O&G companies worldwide are investing or plan to invest in AI in the coming years. 50% of the executives interviewed revealed that they already use the technology in their operations.
The benefits of AI in the O&G sector
There are several advantages that the use of artificial intelligence has for the sector. We can list some, such as: • Demand forecasting;
• Failure anticipation;
• Energy and supply forecasting;
• Inventory optimization;
• Demand management;
• Pricing of services and products.
Even so, one of the greatest benefits becomes sustainable operation. With digital tools, many activities and functions have undergone considerable modifications that have made them more efficient and less polluting. With yield and energy optimization techniques in production and refining operations, the industry can maximize the entire process for each unit of energy consumed. Thus, there is an increase in profit and a reduction in carbon emissions. Furthermore, the use of technology on oil platforms, for example, helps to reduce errors that can occur with 100% human operations. Avoiding oil spills is the main one, as this type of problem causes not only environmental but also financial damage.
How can Pix help?
Pix Force works with a range of products and services that use technology to grow. Pix Quality is the ideal solution for companies looking to maintain full control over their operations. With Pix Quality, it is possible to identify damages and defects through cameras. These assist in inspecting the quality of your product at a speed and accuracy beyond human vision. Thus, you ensure greater productivity and reduced material waste. But how is this possible? Simple. By combining drone flights with computer vision and machine learning technology. Access our website now and find out how to bring Pix Quality to your operation.
Fabio Caraça
Fábio Caraça is the Chief Growth Officer at Pix Force. He leads Pix Force's transformation into a scalable SaaS operation, combining strategic vision, culture, and high-impact execution.
