Project Description
Oil and Gas IoT Solutions
Why
Oil and gas production and distribution occur in some of the most remote, harshest conditions on the planet. The volatility of global energy prices and shifts in supply and demand are putting more economic pressure on the oil and gas industry. Oil and gas companies, in either upstream, downstream or midstream markets face many challenges from efficiently optimizing their resources and capital investments in production facilities to managing the distribution system and assuring safety. Oil and gas firms seek to reduce their risk, increase productivity and lower exploration and production costs.
Benefits
Remote Services
Typically, oil isn’t found in easily accessible areas. With safety and regulation issues rising, extraction sites in remote locations, and the increasing price of equipment maintenance, IoT allows O&G companies to be available at all hours to manage issues ranging from spills to emergency shutdowns, and remote field operations. The speed at which an issue can be identified and addressed in the field is significantly slower without the adoption of connected monitoring devices.
Predictive and Preventive Maintenance
The majority of O&G facilities need to be monitored on a regular basis. This is possible through remote services that allow facilities to react to problems through predictive maintenance. With tank levels’ pressure and flow rates monitored daily along with various other controls, these machines are not exempt from wear and tear and often need regular service.
Health and Safety
O&G sites aren’t typically found next to your local grocery store. The majority can be found in dangerous and remote locations that are not conducive to the health and safety of workers nor the planet. Reservoirs can be submerged to depths of up to 3,000 meters offshore and rigs may be far offshore, sitting near faultlines where dangerous circumstances could happen at any time.