Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the energy sector. This time, you get to discover 5 hand-picked startups developing reality technology startups in the oil & gas industry.
Global Startup Heat Map: 5 Top Reality Technology Startups
The 5 oil & gas startups you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally.
The Global Startup Heat Map below highlights the 5 reality technology startups & scaleups our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 113 companies we analyzed for this specific topic.
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DarkVision Technologies – Downhole Imaging
Oil & gas field operators sometimes work in deep and challenging wells that require constant monitoring to avoid unwanted blowouts. Augmented and virtual reality (AR/VR) helps the oil and gas industry virtually assess downhole conditions. For example, in combination with predictive analytics, AR-enabled downhole imaging tools accurately detect failures in production tubing. Geoscientists and petroleum engineers use AR/VR to visualize seismic data and virtualize the reservoir to drill pipes.
DarkVision Technologies is a Canadian scaleup providing solutions in downhole imaging that enable petroleum engineers to virtually observe their wells. DarkVision’s high-resolution imaging tool uses ultrasound imaging to capture images for long wells. The startup’s imaging tool is capable of detecting problems in production tubing, sliding sleeves, and connection subs to allow engineers and operators to quickly resolve potential failures.
PREVISE Studio – Remote Plant Operations
AR/VR offers multiple applications spanning from operating the plant and checking for equipment conditions to improving worker safety. For oil & gas plants, applications range from design improvement of complex assemblies to ensure the maintenance and safety of compressors, separators, and reactors, among others. AR/VR allows engineers to remotely monitor and maintain workflows for the plant and its various processes.
Indian startup PREVISE Studio designs VR solutions for manufacturing and original equipment manufacturers (OEMs) in process industries. The startup offers end-to-end VR solutions for plant operations including plant construction, maintenance, worker training, and overall health and safety improvements. Operations and maintenance personnel use the startup’s VR technology to view facilities prior to physically visiting them, saving time and optimizing costs for oil companies.
RealWear – Wearable AR devices
Wearables together with AR/VR enable experts to remotely interact with field workers. This also enables workers to freely use both hands for their tasks. Using wearables, operators in plants communicate with their workforce in an easy manner, while improving the safety of the workforce. AR-based wearables enhance oil & gas field workers’ capabilities in terms of vision and smell to detect leaks and disturbances. Wearables also enable the engineers to virtually train new personnel in the plant without requiring a physical presence, saving resources for oil & gas companies.
RealWear is a US-based startup providing hands-free industrial head-mounted wearable headsets. The startup’s wearable headsets improve industrial worker knowledge with remote mentoring, document navigation, industrial internet of things (IIoT) visualization, as well as digital workflow solutions. For the oil & gas industry, Realwear’s proprietary HMT is useful for drilling and completion engineers to visualize and collaborate during well testing. HMT also finds applications for process engineers to communicate among workers and pipeline engineers in scanning pump type. In addition, the startup also offers earbuds, bump caps, and hard hat clips.
Vostok VR – Virtual Training
Virtual training is gaining traction across industries, and especially in the oil and gas industry. Virtual training offers a 3D view of the whole facility or field without requiring the physical presence of engineers. Immersive VR experiences during training further engage industry personnel to quickly get up-to-speed about the facility. In complex industries such as oil & gas, virtual training bypasses the basic manual laboring techniques and directly engages the users into novel learning experiences.
Vostok VR is a Singaporean startup offering AR/VR services for the oil & gas industry. The startup’s virtual training solutions include geological field trips, well simulations, and VR gaming. Vostok VR also offers a virtual meeting room platform that trains personnel to virtually present and express ideas. This solution optimizes office spaces, cuts travel expenses, and improves decision making for oil & gas companies.
Simulanis – Extended Reality (XR)
Extended reality enables heavy industries to increase productivity and safety in remote locations and complex operations. XR combines real and virtual environments to enable human-machine interactions through wearables. In this way, XR increases user knowledge about facilities to predict failures and make well-informed decisions.
Simulanis is an Indian scaleup providing XR solutions to various industries. The startup’s proprietary VR analytics platform SANALEXA is made for the oil and gas industry. SANALEXA taps into XR training modules to reduce operational errors and ensure worker safety across upstream, midstream, and downstream operations. Further, Simulanis offers more than 30 XR applications for operators and engineers in the oil and gas industry to help ease the implementation of complex engineering processes.
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