Oil Industry Finds a Blessing in IoT Applications

Oil Industry Finds a Blessing in IoT Applications

By Energy CIO Insights | Thursday, November 29, 2018

Oil and gas are the major running forces of the world, which makes the development of this sector very vital, following the ever-changing technology trends. Several gas leaks have increased the threat it poses to the environment and lives.  Several gas companies are willing to apply IoT systems in their work processes.

An efficient management system is mandatory in the proper functioning of gas companies. The use of IoT can effectively enforce it. The method of IoT is beneficial in monitoring the working of the assets in use. IoT has increased the scope for remotely keeping a check on the machines in real time and also instilling safety and security for both the assets and the workforce. The data generated through the IoT assists in promoting underwater communications through various sensors, networks, and data analytics. The sensors installed underwater send information to the connected systems onshore. This information helps in predicting any impending catastrophe, checking for any shipwrecks or crashes, evaluating the health of the animals, and recording the salinity and temperature changes. Underwater IoT helps the engineers get information regarding any discrepancies, thus giving them time to work on those shortcomings and rectify the functionality errors.

IoT is the means for providing end-to-end connectivity with the people on the surface, to improve the functional efficiency and promote business growth and development. Monitoring of pipeline breaches is carried out through sensors like fiber-optic distributed temperature sensing system. It not only enables the oil rigs to get information regarding any oil leakage but also provides information about temperature fluctuations which may affect the proper functioning of the oil rig. IoT application helps in ensuring the creation of digital oil field infrastructure that reduces maintenance costs and alerts the engineers in time so that any crisis can be averted. This, in turn, promotes a consistent rate of production. In spite of the functional benefits of the use of IoT applications, there exist a couple of drawbacks; these include the inconsistency of the transmission signals and the high costs entailing to the installation of sensors. There also is the factor of the ever-evolving environmental conditions.

It is, therefore, the responsibility of the companies using IoT in the field of the oil and gas industry to continually work towards improving the systems. IoT, if applied to its best potential, can prove to be extremely beneficial for the industry.

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