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research-article

Management of implementation of nanotechnology in upstream oil industry: An analytic hierarchy process analysis

[+] Author and Article Information
Pouyan Motamedi

Department of Mechanical Engineering, University of Alberta, Edmonton Alberta, Canada
p.motamedi@ualberta.ca

Hasan Bargozin

Department of Chemical Engineering, University of Zanjan, Zanjan, Iran
Bargozin@znu.ac.ir

Peyman Pourafshary

Department of Petroleum and Chemical Engineering, Sultan Qaboos University, Muscat, Oman
purafsha@yahoo.com

1Corresponding author.

ASME doi:10.1115/1.4038846 History: Received July 19, 2017; Revised December 11, 2017

Abstract

Nanotechnology has had revolutionary effects in various fields of industry such as electronics, pharmaceuticals, and biomaterials. However, upstream oil industry has been noticeably slow in adopting the emerging technologies. This is mainly due to the exceptionally large investments needed to implement novel technologies in this industry. However, the projections for the increasing global energy demand require that oil and gas industry inevitably move towards adopting the emerging technologies. The high risks associated with enormous investments required for this aim, necessitates measured and well-researched energy policies, regarding the implementation of nanotechnology in the oil and gas industry. This paper presents a concise summary of the research reported in the literature on the potential benefits of nanotechnology in upstream oil industry. These applications were categorized into ten groups, and presented to a pool of experts, who judged on their relative importance with respect to various decision making criteria. All this information was then compiled into a single matrix, which indicates the priority of each investment alternative with respect to every criterion in the form of a raw number. Finally, using a decision-making software, a dynamic analytic hierarchical process analysis was performed, providing a route to customized investment policies.

Copyright (c) 2017 by ASME
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