Oil and gas indutry

Moving to the Edge is Crucial for Oil & Gas Companies to Make Better Use of Data.

Edge will enable real-time analysis of data for the Oil & Gas industries. The current uncertainty about global demand for oil and natural gas has strengthened the fiercely competitive aspect of the oil and gas business. This has stepped up pressure on companies to reduce their operating costs and capital expenditure.

Some areas of Edge & Orchestration in Oil & Gas include:

R Edge Computing can help achieve operational intelligence by connecting isolated environments like production wells, pipelines, offshore rigs, vessels, etc., with smart solutions.

R Legacy assets like analog meters and gauges, motors, valves, gears, etc., can be digitized by sensors and low-latency networks for real-time data processing.

R A typical offshore operation generates around 1-2 TB of data daily, and it is estimated that with a satellite connection, it would take around 12 days to transfer just one day’s data. However, less than 1% of this data is analyzed and used to generate insights, and most are left unused. The data used cannot be accessed in real-time, as it must first be sent to a remote data center, where the application is hosted and data stored. Edge Computing solves this problem. It provides a way for the massive amounts of data being generated throughout the supply chain to be collected and analyzed in real-time.

Operational efficiency improvement is crucial in the oil and gas sector: it is capital-intensive, cost-sensitive, and can operate in severe settings. Digital transformation has become vital and is supported by the growth of IoT, AI, and AR/VR.