Industrial ProductsOil & Gas Services

Recognizing the O&G industry’s focus on digital oil-field applications, L&T Technology Services (LTTS) offers telemetry, sensing technologies, mobile solutions, asset management, remote monitoring and diagnostics, and data analytics solutions.

STATE OF THE MARKET

The oil and gas (O&G) industry is exploring the potential of digital technologies to boost revenues from drilling, completion, stimulation, and wireline services. Over the next 3 to 5 years, investment in digital solutions is expected to remain stable or even increase, according to 80% of surveyed companies in this sector. This is primarily a response to the market downturn as well as the increasing pressure to optimize per barrel cost of oil production and drilling. Furthermore, the rapidly evolving regulatory environment governing O&G equipment is creating the need to invest in low carbon emission technology that complies with the Paris Agreement on Climate Change (2015). This, in turn, is fuelling the demand for value analysis and value engineering ancillary equipment design and modification services, advanced analytics (to reduce equipment maintenance expenditure), and remote monitoring solutions.

SERVICE OFFERINGS

Recognizing the O&G industry’s focus on digital oil-field applications, L&T Technology Services (LTTS) offers telemetry, sensing technologies, mobile solutions, asset management, remote monitoring and diagnostics, and data analytics solutions. Additionally, we provide high pressure/high temperature (HPHT) electronics for harsh conditions and imaging solutions that meet end-user demands. With capabilities in hydraulics and vessel engineering as well as integrated design for traditional ‘all over’ design equipment, L&T Technology Services enables compliance with various regulations governing the industry. Leveraging our rich ecosystem of partners, we successfully deliver these offerings and services to clients across the globe.

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BENEFITS

  • Optimize oil drilling and production costs by leveraging our engineering capabilities in activities such as drilling, logging, cementing, artificial lift, well stimulation and intervention.
  • Diminish time-to-market and ensure that operations are in line with sustainability requirements through our regulation and standard compliance support.
  • Cut down ‘all over’ design product costs with our robust product design and VAVE services.

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L & T Technology Services

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