Creating Digital Oil Fields and Connected Refineries
The oil and gas industry is going through unprecedented changes, as energy demands are expected to increase considerably in the next 20 years. To meet these demands, oil and gas companies will have to manage the complexity inherent in technology silos and intricate, business supply chain structures. At the same time, a global skills gap is looming, due to a large percentage of experienced engineers reaching retirement age.
Oil and gas companies can overcome these complications with access to information and visibility into their global operations. But how can this happen with platforms in the Artic Circle, pipelines stretching over hundreds of miles, and refineries that haven't been upgraded in decades?
The Internet of Things (IoT) offers a way for oil and gas companies to connect all parts of their operations across the globe. By connecting more physical objects to the Internet, companies can benefit from the knowledge and efficiency gains of a digitized and automated world.
Imagine a world in which:
- Hydrophones and geophones in the North Sea more securely gather, store, and share data with geologists in the Middle East
- A regulator valve on a British Columbia pipeline alerts of pressure drops before local communities complain of pipe leak smells
IoT applications can remotely sense, monitor, and automate dangerous tasks, such as high pressure testing, to alleviate resource shortfalls. In an industry characterized by far-flung operations in often-harsh environments, the IoT can "send" experts virtually to any location and accelerate production by minimizing downtime.
How Cisco Supports the Oil and Gas Industry with the IoT
As operations become increasingly digitized, improved collaboration between oil and gas companies and the broad supply chain can help ensure efficient management of scarce resources. Cisco can provide a connectivity platform designed to manage the transition to a state-of-the-art IoT infrastructure, with an overall lower cost of ownership.
Cisco can help operators link remote fields, rigs, drills, and reservoirs to a standards-based network, as well as IT systems and other data. With this technology, operators and suppliers can improve planning and modeling cycle times, support more expedient deployment of devices and services, improve safety, and decrease downtime.
The IoT and the Internet of Everything
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