Over the years, in contradiction to several predictions, fossil fuels, such as coal, gas and oil, have been growing in demand, especially oil.
In recent years, more and more oil deposits have been found and it seems that there really is much more than we could ever have imagined, ironically, the price of this precious black gold does not fall, affecting the global market in one way or another.
It is very clear that the prices of these fuels, especially oil, are, have been and will continue to be manipulated by different countries for the benefit of their economic interests, but leaving politics aside, it is a reality that oil investment requires more and more investment.
Due to all these changes, the need for increasingly intensive operations in various aspects and an almost fully digitized economic landscape; the entire oil and gas industry is tasked with innovating and digitizing if it wants to maintain its position as one of the most important industries in the world.
The oil and gas industries have leveraged existing digital infrastructure to increase efficiency and productivity, and the strategic application of artificial intelligence has greatly facilitated exploration activities.
Undoubtedly, all these technological innovations have led to the accelerated discovery of new deposits.
Innovation in technology is not just about artificial intelligence, big data and other digital infrastructure; underwater technology is undoubtedly a key lever for progress in these industries.
Today, ROVs are essential for installing and maintaining subsea physical infrastructure on oil rigs.
The major advantages of using ROVs in the oil industry
ROVs have enabled workers in these industries to obtain visual support in areas that were previously inaccessible. Underwater technology can provide a range from 200 to 10,000 meters depth, regardless of fauna or water temperature.
The great advantage of having subsea technology even allows industries to make more efficient use of the deposits already found by increasing the area of exploration and safe operation. This means better located oil rigs and better utilization of each reservoir.
The recording of films for underwater inspection, surveys and training, even in hostile environments, has been greatly facilitated by the use of remotely operated submarines.
Even the average life of the physical infrastructure has benefited from improved maintenance and repair operations.
Growing demand for subsea technology from the energy industries
ROVs for industrial use in offshore oil and gas operations have been steadily growing, the numbers speak for themselves and the subsea technology industry continues to grow and adapt to this huge new market.
Mordor Intelligence’s study “Offshore Oil and Gas Communications Market: Growth, Trends, Impact of COVID-19 and Forecasts (2022 – 2027)” shows the ROV market as a fast-growing sector within the global offshore oil and gas market.
The report predicts a considerable increase in demand for ROV technology and related services taking into account up to 2024.
The report cites an increase in industry production, which has been met to date, as well as a growth in annual decommissioning of old fixed production facilities.