Big Data is set to change the way we work by improving operations and allowing faster, more accurate analyses which lead to more informed decisions being made. Confident decision-making could in turn lead to greater efficiency, reduced risks and cost savings. While the oil and gas sector hasn’t really embraced the concept yet, it could derive huge benefit from it.
How to make oil and gas smart?
By installing sensors and controllers in pipes and wellheads, companies will be able to capture, classify and filter data in the field as well as control processes and perform quality checks. Transmitting this data to onshore and offshore facilities in real time will allow companies to monitor the wells’ conditions and operations, detect problems when they arise and make real-time decisions to schedule interventions. This will prevent damage occurring in equipment and reduce the risks of failure and potential accidents.
Of course the systems that need to be put in place are more complex than is implied by the simple installation of a number of sensors and controllers to connect data and people. The entire workflow and communications process between the wells and pipes on one side and the facilities on the other has to be fully automated and optimized so as to set up simulation models that will in turn lead to risk mitigation and safer operations.
Smart oil and gas operations will help prevent disaster, maximize production and increase profitability while reducing operating costs.
Find out more about the role of IEC in the standardisation of this process in our e-tech here.