Efficiency and Safety are the two most pivotal aspects in the oil and gas industry. Artificial intelligence, Machine Learning, Automation etc are driving Oil & Gas Technology Solutions to a new level.
There are roughnecks and drillers, on the oil rig, constantly collecting data. With automation, this data is now collected by the system. Sensors across the place, continuously collect the data and statistics. The system has been designed in the manner where humans have been put into the loop, avoiding any conflict.
The upstream industry used to lose billions of dollars each year due to NPT or Non-Productive Time. To avoid this, they took the aid from IoT. Internet of Things is using real-time data in order to predict and perform preventative maintenance on crucial pieces of equipment.
Meanwhile, talking about downhole, huge amounts of data generated from the reservoir is integrated with the real-time field data to plan critical placement and flow rates.
For midstream business, IoT helps in connecting pipeline networks, leak detection equipments, sensors, and emergency shutdown systems immaculately. All these equipments together provide highly valuable data for interpretation and deep analysis. This helps in significantly reducing the major hazards associated with the oil and gas industry.
Moreover, planned shutdowns, managing various grades of crude, and complying with the dynamic rules of ever-changing environmental regulations are a major part of the downstream industry. They make use of IoT to ensure seamless flow of the data.
Internet of Things (IoT) Solutions is helping oil and gas industry, from downhole sensors to surface control valves and directly into boardrooms to provide real-time analysis. This results in improving operations, make better decisions, and create a safer working environment for the entire oilfield.
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