The Internet of Things (IoT) in the oil & gas industry is the network of physical objects connected to the Internet. Wearable devices, vehicles, equipment, buildings, and just about any other thing can be embedded with electronics, software, sensors, and network connectivity.
SOME THE SERVICES PROVIDED TO OIL & GAS
Sensors provide data for cloud-based digital dashboards to monitor real-time equipment performance and inventory levels in the oil & gas industry
Sensor-based tank monitoring
In the oil & gas industry, sensors that monitor inventory levels of onshore oil tanks automatically dispatch trucks when the tanks need to be emptied. Sensors also monitor the performance of above-ground pumps to alert maintenance teams of potential and actual issues.
Acoustic operations monitoring
Inexpensive IoT acoustic sensors in the oil field continuously analyze oil composition (oil, water, gas, etc.) within pipelines, while laboratory tests from simulated field conditions and selected sensors exhibiting optimal oil flow performance enhance the readings.
Digital twin for projects
A fully loaded digital twin–a digital replica of an actual asset being constructed–gives oil & gas companies the ability to drill down virtually to obtain project progress updates (e.g., outstanding issues, bottleneck constraints) increasing knowledge-gathering efficiency.
Seismic exploration sensors
Individual IoT sensors connected by fiber optic cables aid oil exploration by mapping subsurface drilling sites to determine new drilling locations and optimize output of operational sites. An Internet-connected seismic sensor network collects data (over a million readings per site) and transfers it to servers.
IoT refreshes pipeline asset management
A midstream company was struggling with asset management lifecycle challenges as its aging infrastructure created competing investment priorities. They wanted to refocus their program on leveraging data to improve information management, predictive asset management and asset risk management.
Digital twin for assets
Maintaining the digital twin developed during asset construction (e.g., upgrades, equipment changes, etc.) can improve asset management and performance for oil & gas companies. These benefits can be expanded by using a visual- or virtual reality-based digital twin.
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