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IoT - Uses in Oil & Gas Industry
IoT - Uses in Oil & Gas Industry
IoT - Uses in Oil & Gas Industry
Gas Industry
M.Aaqil Cassim
B.Eng.(Hons) Electronics majoring in 1
Telecommunications
WHAT IS IOT?
The Internet of Things is the networking of physical devices,
vehicles, buildings and other items embedded with
electronics, software, and network connectivity that enable
these objects to collect and exchange data.
A proposed development of the Internet in which everyday
objects have network connectivity, allowing them to send
and receive data.
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TECHNOLOGY ROADMAP: IOT
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THE 10 MOST POPULAR INTERNET OF THINGS
APPLICATIONS
Based on what people search for on Google, what people talk about
on Twitter, and what people write about on LinkedIn.
1) Smart home
2) Wearables
3) Smart City
4) Smart grids
5) Industrial internet
6) Connected car
7) Connected Health (Digital health/Telehealth/Telemedicine)
8) Smart retail
9) Smart supply chain 4
10)Smart farming
APPLICATIONS IN OIL & GAS
INDUSTRY
Extracting and transporting oil and gas is a complex process.
The Internet of Things (IoT) and machine-to-machine (M2M)
communications helps to increase efficiency while cutting down
related costs.
Applications,
1) Offshore Oil & Gas Rig Monitoring
2) Refinery Monitoring
3) Pipeline Monitoring
4) Wellhead Monitoring
5) Oil & Gas Cargo Shipping 5
OFFSHORE OIL & GAS RIG
MONITORING
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REFINERY MONITORING
previously.
PIPELINE MONITORING
Primary concerns with oil and gas pipelines is the possibility
of a leakage and the financial, environmental, and
reputational damage it could cause.
Priorto IoT, satellite internet monitored key points in the
pipeline and extrapolated data from those key points to
measure total system performance. With the integration of
machine-to-machine (M2M) oil and gas solutions, more key
points could be monitored for less money.
Without a smart system, a company would have to employ
maintenance personal to perform periodic checks on vital
systems. But with the extra data the company could gather
from its IoT system, it may be able to accurately predict the
necessity of pump and filter replacement based on the8
performance of the system.
WELLHEAD MONITORING
IoT helps companies reduce operating
expenses, minimize unplanned
downtime, and ensure safety and
regulatory compliance. Oil & gas
companies collect feeds into a
platform that may tell the company,
for example, if they should be injecting
more chemicals or steam into the well,
or what kind of vacuum pressures are
optimal given the conditions.
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OIL & GAS CARGO SHIPPING
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ANALYSIS OF IOT VALUE BY O&G
SEGMENT (CONT.)
Upstream players focused on optimization can gain new
operational insights bystandardizingthe aggregated data and
running integrated analytics across the functions (exploration,
development, and production).
Midstream players targeting higher network integrity and new
commercial opportunities can benefit by investing
insensorsthat touch every aspect of their facilities and
analyzing volume data more comprehensively all along their
network.
Downstream players operating at anecosystemlevel can create
new value by expanding their visibility into the complete
hydrocarbon supply chain to enhance core refining economics
and targeting new digital consumers through new forms12 of
connected marketing.
THANK YOU
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