Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the oil and gas industry. This time, you get to discover 5 hand-picked industrial automation solutions.
Global Startup Heat Map: 5 Top Industrial Automation Solutions
The 5 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 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 69 companies we analyzed for this specific topic.
Zyfra builds an Industrial Internet of Things (IoT) Platform
The oil and gas industry utilizes IoT to improve production, optimize equipment, ensure worker safety, and monitor remote areas. Sensors placed inside wells, blowout preventers (BOP), choke valves, and the artificial lift technology enable the collection of data in real-time. Using the insights generated from the data of these installations, companies identify as soon as equipment is performing poorly. Additionally, the IoT helps field engineers predict and react quickly in case of failures to minimize maintenance costs.
Zyfra is a Finland-based startup implementing industrial digital solutions through its proprietary cloud-based Industrial IoT (IIoT) platform and products. The startup’s IIoT products for upstream feature the field development platform Geonaft, a software-based precision drill, production scheduling, artificial lift, and predictive maintenance tools among others. Zyfra’s IIoT solutions allow oil companies to optimize their processes in real-time while helping field operators and workers to improve efficiency and safety.
Sensia offers Process Automation Solutions
The oil and gas industry is adapting to digital transformation and process automation through stacked laterals, zipper fracking, autonomous drilling, and other processes. The industry uses industrial robots and software along with the data from intelligent sensors to automate the repetitive processes on rigs, refineries, and pipelines. Process automation not only speeds up operations but also reduces the manpower requirement and, in turn, increases efficiency and reduces human errors.
US-American startup Sensia uses intelligent automation to reduce interaction time between detection, diagnosis, and resolution of industrial processes. Sensia’s production, transportation, storage, and processing solutions offer greater operational efficiency, safety, and asset productivity. Additionally, the startup offers products and solutions for digitization, automation and connected technology platforms. Using these solutions, petrotechnical experts and process engineers plan for optimal production scheduling and reduce downtime.
EXRobotics works on Robot-as-a-Service (RaaS) Solutions
In the oil and gas sector, industrial activities such as exploration and drilling require intensive manpower repeatedly. Very often, these tasks pose a safety risk to workers as most of the work is done in a hostile, rugged, and harmful environment. Therefore, more and more robots and drones are deployed to automate inspection and surveillance of industrial operations. Moreover, robotics boost efficiency, enable faster operations, and increase safety levels for the workforce.
Dutch startup EXRobotics creates various kinds of robots that work in rugged industrial sites and harsh environments. The startup’s range of robots includes a First Responder for incidents where explosive gas may be present, an Emissions Detector to battle fugitive emissions, a Co-Operator for remote unmanned facilities, and an Investigator for increased data collection. For the oil and gas industry, EXRobotics offers Robots-as-a-Service with features ranging from robotics automation and robotic devices to a cloud-based software platform. To sum up, EXRobotics’ solutions increase operational efficiency and safety while reducing costs.
Cognite develops Operational Digital Twins
Operational digital twins are gaining popularity rapidly in the oil and gas industry. The technology enables real-time data processing capabilities with access for all users in a team. In industrial workplaces, digital twins allow engineers to perform predictive maintenance and complex simulations in risk-free and virtual environments. For oil & gas companies, digital twins optimize processes and performance by synthesizing operational data and insights in real-time.
Cognite, a Norwegian startup, develops industrial software to automate the industrial processes for various heavy industries including oil and gas. The company offers operational digital twins optimized with hybrid Artificial Intelligence. This generates valuable real-time insights, forecasts based on these insights, and enables intelligent decision making. Moreover, the startup offers predictive/smart maintenance, production optimization, digital worker, sustainability, and business transformation solutions.
Oilasoft offers Autonomous Drilling Solutions
Offshore drilling requires skilled people to work in harsh environments which comes with a high risk for workers’ safety. To promote drilling safety and reduce costs, Drilling Systems Automation (DSA), based on digital industrial communication, control, and automation, is employed. DSA systems consist of drill floor robots, robotic roughnecks, multi-size elevators, and robotic pipe handlers to effectively improve the performance and efficiency of the drilling operations.
Norwegian company Oilasoft offers solutions for the upstream oil and gas industry through oil well-drilling optimization cloud-native software. Oliasoft uses technologies such as AI, machine learning, advanced analytics, and real-time data streams from operations to automatically update designs and monitor critical parameters. The startup offers trajectory, casing, tubing, hydraulic fracture designs along with performance monitoring on surge, swab, torque, drag, and blowout parameters.
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