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IoT offers immense potential for the oil and gas firms by providing better visibility into their assets and operations.
FREMONT, CA: Creating smart oil and gas will continue to be a long, evolving process. To make this vision a reality, firms today are using IoT for several operations. The data generated by IoT devices are helping change the way the industry operates and ushering a new era of efficiency and profitability. No doubt in the fact that the oil and gas industry is making headway in realizing the potential of IoT to carry out their daily operations. Here are three ways in which oil and gas firms can use IoT.
• Seamless Drilling Operations
Drilling is a critical operation in the oil and gas industry. It is an increasingly complex procedure. Rig operators need to take exact measurements to extract oil during the entire drilling procedure. Thus, IoT forms a mandatory toolkit for the rig operators, which can minimize risks and carry out complex drilling operations seamlessly.
• Pipeline Maintenance
The damaged pipeline in oil and gas transmission can bring in environmental, financial, and reputational damage to the oil and gas company. Pipeline damage is not an uncommon issue in the oil and gas industry. IoT devices can monitor the various components of a pipeline system, such as pumps, pipes, and filters. This IoT capability enables in the efficient management of human resources as pipeline maintenance needs to be carried out only in case of a notification generated by any of the IoT devices.
• Measuring Refinery Parameters
IoT aids in the measurement of several refinery parameters like flow rate, pipe pressure, and many others in the oil and gas industry. Since various measures pertaining to refineries need to be taken and processed, it can be tedious and costly if carried out manually. Further, IoT allows the measurement of data even from the places that are difficult to be accessed by human workers.
See Also: Top Oil and Gas Technology Companies
