| Summary: | Nanotechnology encompasses the science and technology of objects with sizes ranging from 1 nm to 100 nm. Today, exploration and production from conventional oil and gas wells have reached a stage of depletion. Newer technologies have been developed to address this problem. Maximum oil production at a minimum cost is currently a huge challenge. This paper reviews nanotechnology applications in the oil and gas production sector, including in the fields of exploration, drilling, production, and waste management in oil fields, as well as their environmental concerns. The paper reviews experimental observations carried out by various researchers in these fields. The effect of various nanoparticles, such as titanium oxide, magnesium oxide, zinc oxide, copper oxide, and carbon nanotubes in drilling fluids and silica nanoparticles in enhanced oil recovery, has been observed and studied. This paper gives a detailed review of the benefits of nanotechnology in oil exploration and production. The fusion of nanotechnology and petroleum technology can result in great benefits. The physics and chemistry of nanoparticles and nanostructures are very new to petroleum technology. Due to the greater risk associated with adapting new technology, nanotechnology has been slow to gain widespread acceptance in the oil and gas industries. However, the current economic conditions have become a driving force for newer technologies.
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