Invest in companies that develop wireless sensors for oil research and development

Using wireless sensors for oil and gas research give companies automation and control solutions that they wouldn't find in wired technologies. Wireless sensors provide safety and asset management. Production and operations run more efficiently.

I recommend: Wireless Seismic Inc. makes a wireless device for the oil research and development industry that enables companies to conduct seismic 3D surveys. This wireless sensor is not limited by area or distance. You’ll also want to check out IntelliSensing Inc.’s PressureSensor Two Wireless Pressure Sensor. Oil research engineers can use this to measure temperature for oilfield applications.

Invest in companies that make 3-D technology software for research in oil and gas industry companies

3-D technology plays a significant role in oil and gas research and development. 3-D, which is seismic technology, enables gas research companies to find difficult oil and gas deposits. Gas research engineers can get more precise visual representations for seismic surveying during oil and gas exploration. Using this technology helps gas research geologists to improve oil drilling. As a result,this significantly reduces costs for both development and production.

I recommend: 3DGeo Development Inc. leads in developing highly sophisticated 3-D imaging software for oil and gas research and development. The company makes 3-D software that enables oil and gas industry research and development companies to visualize 3-D earth structures. RockWare Inc. makes software that enables engineers to identify the image’s top as well as its base. Engineers can also produce 3-D maps of stratigraphic surfaces and reservoir isopachs.

Invest in oil companies that create reservoir simulation technology

Reservoir simulation technology prevents oil and gas research companies from drilling for oil in the wrong places. This technology can pinpoint the area and size of oil supplies. However,using reservoir simulation technology requires a lot of computer processing power. Companies will need the power of clustered servers. The benefits of reservoir simulation technology are great in that it reduces extraction costs and every reservoir is fully used.

I recommend: Hewlett Packard is a leader in this field. HP has helped oil and gas research companies to save on extracting oil, thereby making the companies more efficient. Sun Microsystems’ grid computing system allows oil and gas research companies to manage their large amounts of data more efficiently. The grid computing system is not only scalable, but its resources are distributed more evenly.