Considering its complexity, oil and gas industry is not as slow to innovate as many think

The drilling industry has long been labeled as being slow to embrace new technologies and innovation. However, that may not be an accurate characterization of the industry, Ekaterina Minyaeva, Drilling Automation, Subsurface and Wells Consultant at OTM Consulting, said in a presentation at the 2017 SPE DSATS/IADC ART symposium on 13 March in The Hague, The Netherlands. In this video from the 2017 Drilling Conference, Ms Minyaeva explains the factors influencing the industry’s pace of innovation, including its complexity and the high-risk nature of its operations. She also discusses why adapting automated tools from other industries can pose critical challenges for the oil and gas industry.