Three major challenges for the oil & gas industry
With rising global demand, highly volatile prices and increasingly stringent environmental regulations, the oil and gas industry faces three challenges: reducing costs, optimizing the performance of its industrial assets and improving its environmental footprint.
Reducing costs to remain competitive
Producing crude oil and refined products at a lower cost to stay competitive on the market is one of the industry’s major challenges. Optimizing and introducing environmentally friendly production processes on is therefore a priority for the oil industry. This maximizes production efficiency, reduces the costs of extraction and refining and thereby offsets the exploration costs.
Improving performance to ensure the valorization of assets
To sustain their supply of crude oil or gas, oil companies are looking to extend the life of mature sites but are also compelled to seek new sources of oil or gas for which extraction, transport and refining are much more complex and costly. To achieve this, they aim for 100% reliability of their operating processes, but also need to introduce new innovative ways to reach their goals.
Improving the environmental footprint to meet increasingly stringent standards
The oil and gas industry is a major consumer of water and energy resources and is therefore subject to increasingly stringent environmental standards. This constrains them to rethink extraction, production and distribution methods in order to obtain or maintain their license to operate. They also have to provide guarantees and ensure transparency in the environmental management of their activities.
SCIENOMICS is a software company specialized in materials modeling and simulations. We support our customers’ decision-making process in materials innovation and address related critical business issues through our software technology & contract research services we offer. This will enable our customers to
- improve performances and profitability
- reduce operational costs and risks
- optimize the product design process
- support innovative R&D activities
- help to identify sustainable development processes
- focus the research and development activity
Our range of offers concentrates on the needs of both upstream (exploration and production) and downstream customers (refining and petrochemicals) in the oil and gas industry.
Upstream, SCIENOMICS optimizes the performance of fracturing fluids, identifies interaction of additives with the soil and surrounding liquids, identifies problem zones of agglomeration of slurry or asphaltenes and helps minimizing the use of environmentally harmful chemicals.
Downstream, SCIENOMICS assists in the design of lubricants, homogenous and heterogenous catalysts, water treatment and other additives as well as polymers through simulation of the relevant processes involved and by optimizing the performance of the products. A multitude of simulation techniques can be applied and is offered by Scienomics, including machine learning, classical simulations and quantum mechanics.