Our Reflections

How Can the Oil Industry Overcome the Challenges of Decarbonization?

By 16 de August de 2021August 19th, 2021No Comments

With increasing attention and urgency to reduce the environmental impact, companies in the oil and gas industry face growing challenges as one of the main industries responsible for releasing greenhouse gases. However, with the energy demand rising worldwide, how will companies in the energy sector can achieve tangible and measurable change aligned with the 2050 net-zero emissions target?

Currently, nations and businesses alike worldwide are actively engaging in activities and initiatives that foment the safekeeping of the environment and, therefore, societies’ future while keeping up with the energy demand. Hence, developing more sustainable and rentable practices. Such initiatives mean working towards creating a hybrid energy system that can satisfy consumers’ increasing energy demand while being more sustainable. In a few words, reevaluate their business models to optimize their existing processes.

However, to accomplish the given task, companies must revise any technology that allows for higher carbon capture rates, involving a detailed analysis of reservoirs; the maintenance and operation of generators, injectors; equipment, and systems; monitoring, optimization, and other production factors. The importance of this lies in the fact that through technology, companies will be able to efficiently and optimally meet the global needs of the petroleum industry.

For example, digitizing processes is now a means for oil industry to develop higher sustainable practices while increasing productivity. Oil and gas machinery is becoming increasingly technological, interconnected, and rapidly changing what is considered “normal and expected.” Given technological solutions now offer sensors, automation, and connectivity services that track production, monitor equipment maintenance needs, and identify any causes for concern as soon as they appear.

Furthermore, the use of algorithms helps track the variables most relevant to the operation and network solutions. These systems use a combination of solutions that can automatically perform complex tasks and feed a central database. These are examples of how digitizing processes can pave the way for more efficient and environmentally friendly practices and face the challenge of decarbonization.

Overall, the shift to renewable energy sources and production methods is increasingly seen as a viable option to create a low-carbon production system and achieve a more economically sustainable development path. At Nakasawa Resources, we are committed to developing innovative technology solutions that help increase our clients’ efficiency and lower operating costs in the application of steam injection. Our Super Matroid Heater (SMH) and Super Matroid Cyclone (SMC) have the potential to respond to future state regulatory barriers to oil extraction processes. In addition, these innovative systems do not generate waste or effluents that can damage the ecosystem or environment where steam injection operations are performed.

Moreover, as a company, we strive to foment the safe and sustainable energy transition from risk-sharing, respond to market trends and challenges, and adopt new technologies to optimize production. The technology implemented in the SMH and SMC offer environmental benefits and successfully complying with the decarbonization challenge. Like ensuring the scheduled heat supply is carried out under strict control of greenhouse gas emissions. As well as guaranteeing savings in operation, fuel and gas supply, and treated water use.

Through our SMH and SMC, we aim to optimize recovery to minimize environmental impact, making projects more profitable in a socially responsible way. With their advanced technology, SMH and SMC SMC incentivize more oil production, reducing costs through robust, more durable, and profitable processes.

Overall, the decarbonization of the oil and gas industry will be a significant challenge due to: high capital requirements, high competition, inconsistent environmental policies, and public acceptance of changes in energy use. Nonetheless, as oil and gas businesses, we must develop decarbonization pathways and integrate the circular economy’s principles into their business models. Lastly, focus on designing its processes with sustainability criteria that allow for more efficient and environmentally conscious alternatives.