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    Introduction

    The Oil and Gas Industry requires durable, dependable components and often encounters unexpected situations requiring unique solutions
    You think of oilfield service companies as those who do the grunt work in the oilfield. Officially, oilfield equipment and services (OFS) are all the products and services that help with oil and gas exploration and production. It includes those companies that discover pockets of oil, energy data management, drilling companies, well construction companies, and production and completion services. These are the companies that repair and maintain oilfield equipment, as well as companies that are involved in the extraction and transportation side.
    The oilfield service company industry arose out of the major mergers of oil companies in the late 1990s. While these mergers were great for optimizing assets and logistics, it became incredibly expensive to maintain the actual drilling and managing of wells. Hence, smaller, more nimble oilfield service companies developed that specialized in one or a few of the many processes it takes to bring oil from the ground to the refinery and beyond. These oilfield service companies today do the majority of the oil and gas development for the bigger oil companies.
    Oil and gas services are considered to be a supportive part for the oil exploration and production companies. They are services that include oil well maintenance, completion, production, supply, and logistical support services in both onshore and offshore. In general oilfield services market contains oilfield services, companies manufacture, repair, and maintain equipment used in the extraction and transport of oil.
    Egyptian production of natural gas has increased rapidly in recent years, thanks to a spate of large-scale offshore discoveries since 2015, turning the country once more into a net exporter and reducing the import burden on its budget. However, whilst LNG send out was strong over winter, domestic demand remains somewhat stifled by internal restrictions on movement designed to control the spread of Covid-19 which have suppressed demand from the power sector and industry in Q1/21. However, forecasting a return to growth in H2021, which is expecting to be a peak year for natural gas production. From an oil perspective, seeing increased exports of refined petroleum products across the forecast period, given recent and planned investments in refining capacity, but declining production of crude through long-term forecast, given the low oil price limits the availability of capital for investment in exploration

    Trend

    The demand for oil and gas in the world has been rising over the last few decades. This is driven by many factors which includes increased global economic activities. Exploration and production of oil and gas resources has responded to this demand by more and efficient extraction of hydrocarbons across the world. This is where oil and gas services come in.
    New oil & gas fields are being explored to meet the rise in demand, especially from industries such as transportation, power plants, and other industries. Technological advancements have now enabled the operators to extract oil & gas from difficult sources. For example, extraction of gas from shale and oil underneath bituminous sand was quite expensive; however, new technologically-advanced techniques have made it economical. The other trend observed in the market is introduction of laser drilling techniques in the oil & gas industry due to various benefits such as high accuracy, precision drilling, and single diameter borehole.

    Challenges

    Oil prices have risen in the last few months, and though it’s still too soon to talk about a full-blown recovery, the oil and gas industry will continue to rise and expand. With it, the number of businesses and facilities that require industrial machining, whether for maintenance or repair, also increases.
    However, oil and gas face the lack of skilled professionals who can respond to this need. Technology and manpower can help boost both production and quality. That’s why the machining projects of the oil and gas industry revolve around the following considerations.
    Qualified and trained machine operators
    Training inexperienced machine operators requires time and resources, both of which tend to be costly for many oil and gas companies. However, trained and skilled operators who are experts in CNC and various off and on-site machining functions are needed to getting the job done. One way to cope up with the demand is to seek the expertise of machine shops that have certified machine operators. This is especially helpful if the demand for workers is urgent and a company cannot afford to wait for new workers or for new workers to finish their training. With their extensive experience, such skilled operators are able to offer timely interventions to a wide range of oil & gas machining needs.
    High accuracy parts
    The oil and gas industry depends on pipelines and equipment that are buried deep underground. The further the drilling goes, the greater the pressure and weight is on the equipment. The implication is that fabricated parts must exude greater tolerance for these factors as well as high reliability. CNC machines that can ensure high meantime between failure and low mean time to repair are preferred. These are imperative to reducing downtime and the negative impact it has on productivity.
    Safety
    Given the nature of the oil and gas industry, it’s important for companies to not only ensure operators are well-informed about OSHA’s safety guidelines, but also that their existing machines have safety features to complement human knowledge.
    Many machines also present the ability to clear operation history and parameters, and it’s always helpful to disable them when or if an inexperienced operator will be running the machine.
    Modern CNC machines have specific features for locking out an operator when an error is committed or features that set a specific limit for human interference. Although this may reduce productivity, it also helps reduce human accidents and equipment breakdown, both of which are equally important considerations.
    Easy-to-use programming
    Back in the day, equipment operation was always left to highly skilled professionals. New parts always had to be tested by skilled machinists even if they were not intended for mass production.
    With the advent of technology however, conversational programming is an increasingly popular option among oil and gas companies that deal with the lack of manpower and the need to enhance productivity. Inexperienced operators are able to use more equipment both online and offline using only the help of 3D animation and graphical prompts.
    Thread repairs are much easier now with such machines. Whereas before, softened threads meant that certain parts will be discarded, nowadays, companies can simply send the threads to machine shops and have them reharden the pipes and make them reusable again – a more cost-effective approach.
    All these have made managing equipment a lot easier and more convenient for modern operators – even inexperienced ones – and are certainly part of the evolving machining needs of the oil and gas industry

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