Virtual reality (VR) offers a cost-effective means to acclimatise the oil and gas industry workforce to various key operations from rigs to refineries through immersive training programmes. Leading companies such as Shell, BP, Chevron and ExxonMobil have adopted VR for training as well as for aiding regular workflows in operations. It also offers a safe environment for the workforce to understand the workflows by participating in VR-based walk-throughs, without being in proximity of the heavy industrial equipment.
VR plays an important role in the digital twin setup, helping companies recreate scenarios through detailed simulations. This allows decision-makers to take a holistic view of the project and plan the course of action. Digital twins also help to create 3D visualisations of seismic data using VR simulations. This enhances the ability to study hydrocarbon reservoirs and plan the drilling operations.
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The rise in the efficacy of digital technologies has enhanced the adoption of VR in the oil and gas industry. Technology vendors are collaborating with industry leaders to develop immersive solutions for training. The growing technical know-how can help the technology vendors reach out to a wider market while driving down costs.
Annual mentions of AR/VR in oil & gas industry filings, Jan 2016 – Nov 2024
The digitalisation trend has proliferated across the oil and gas industry. Digital technologies such as AI, IoT [the internet of things], big data and connectivity networks have hugely impacted conventional oil and gas operations. They have helped generate new insights by categorising real-time data into meaningful datasets. This has helped oil and gas companies and technology vendors develop VR solutions surrounding these insights for training purposes. VR can create immersive training modules to instruct new personnel in the oil and gas industry. The new personnel can be tested on their knowledge of the field multiple times using VR simulations, before approving their deployment on the field. This reduces the scope of error, further helping reduce costs.
Successful implementation of VR by industry leaders is expected to pave the way for wider adoption of the technology in the oil and gas industry. Further discussion on virtual reality-related developments for the oil and gas industry and an overview of the competitive positions held by oil and gas companies can be found in GlobalData’s new theme report, Virtual Reality in Oil and Gas.
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