Enabling production optimization with APEX
We have a rich heritage and deep technical expertise in oil and gas, encompassing seismic imaging and enhanced oil recovery in the Upstream, and advanced fuels, lubricants and petrochemicals processes in the Downstream, as well as in our alternative energy businesses.
We couple this know-how with long-term strategic collaborations with leading academic institutions, as well as with external partners.
We recognize the urgency of the climate challenge and intend to be part of the solution – improving the energy efficiency of our operations, moving our portfolio to lower carbon options, and investing in energy development.
Examples include improving our wind and sugarcane ethanol businesses and increasing the renewable content in our Downstream products.
We are growing new low carbon opportunities through internal research and corporate venturing involving bio-products, digital, advanced mobility, carbon management and power and storage.
But more fundamentally, technology supports our number one priority: safety – from corrosion management and advancements in detection and inspection, through to sensors, data analytics, advisory systems and robotics.
Put simply, technology runs throughout BP.
The Technology Outlook examines the potential of technology to change the way we produce and use energy to 2060. In addition to our main Technology Outlook report and Technology Outlook podcasts, we regularly work in partnership with subject matter experts to conduct detailed studies into the potential of specific technologies.
Our comprehensive internal research capability – set across 12 sites globally – is complemented by leading external collaborations. These provide a cross-cutting range of specialisms, including scientific and engineering expertise and modelling and experimental facilities, which are supported by innovative academic programmes. One of our key centres of research is the BP International Centre for Advanced Materials (BP-ICAM), set up in 2012 with a $100 million investment, which brings together the strengths of four world-leading universities and BP’s expertise in oil and gas.
We are a global energy business with an enormous reach – and innovative technological advances are helping to drive our fast-changing industry. Our emerging technology team monitors and responds to these advances. Working with internal and external networks, it assesses technology developments that could affect demand for energy production and delivery. We recognize the significant impact of advances in digital technology and have placed this at the heart of our group strategy. The current focus of our digital innovation organization (DIO) include cognitive computing, advanced distributed ledger technologies (including blockchain) and robotics.
We lead the way in seismic imaging, enhanced oil recovery, digital technologies and unconventional gas developments, among others. We have invested in developing technologies such as ISS® and WOLFSPAR® and capabilities such as our centre for high performance computing in Houston, which is why we are recognized as the industry leader in seismic imaging. We are also building a leadership position in unconventional gas developments, leveraging our strong position in the US Lower 48 and in our growing global portfolio – for example, in Oman and China.
Technology is the foundation of all that we do across the Downstream businesses. We develop and apply technologies that boost conversion efficiency and reduce emissions. In our refineries and chemical plants, BP develops and applies technologies that enhance operational integrity, boost conversion efficiency and reduce emissions. Our scientists and technologists also help the company create high-quality, energy efficient fuels and lubricants in the fields of refining, technology and engineering; formulated products; and petrochemicals.
In our existing operations – biofuels, solar, wind energy and biopower – we are modernizing and transforming using innovative technology. For our biofuels business in Brazil, technology is allowing us to move quickly towards ‘smart’ farms – with driverless vehicles, precision land and crop management leveraging big data, and greater process automation. In the US, our remote operations centre monitors our 14 wind energy assets to monitor and enhance performance, reliability and safety, evaluating turbine availability, power-generation capacity, wind speed and other critical factors.
Our Energy Outlook explores the forces shaping the global energy transition out to 2040