This presentation describes the implementation of the Internet of Things(IoT) in the Oil and Gas industry. It also tells about the benefits of implementing IoT in this industry.

1. IoT in Oil and Gas
BY:
ANKIT RAI

2. The oil and gas industry is making headway in realizing the
potential of IoT by making things much easier for companies to
carry out their daily operations.
Refining The Oil And Gas Industry With IoT
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3. Oil and Gas IoT
The oil and gas industry is an early adopter of internet of things (IoT)
technology, and for good reason. Energy providers leverage many of the
same IoT components used in other industries, including remote sensors,
machine learning and the cloud.When connected and combined with
business processes such as alerts, IoT in oil and gas systems enables
operators to monitor systems and react safely and in real time to production
issues as they arise.
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4. USING IOT IN OIL AND GAS
• Drilling Management
• Pipeline Monitoring
• Refinery Monitoring
• Offshore Monitoring
• Cargo Shipping
• Health and Safety
• Carbon Footprint Control
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5. Drilling management
• Drilling is a major part of oil and gas industry procedures.The Internet of
Things proves to be a boon for enhancing efficiency in the drilling
procedure.As the rig digs deep, it leads to potentially dangerous
circumstances. Rig operators must take precise measurements to extract oil
by drilling. If deep-water drilling is carried out in the wrong way it leads to
mishaps. IoT devices are beneficial for minimizing risks and carrying out
tough operations seamlessly. Smart devices also alert concerned personnel
well in advance about any drilling errors using the data received from
sensors.
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6. Pipeline monitoring
• Pipeline leakage is one of the major issues faced by the oil and gas industry. It
leads to major financial, environmental, and reputational damage to the
company. IoT helps monitor the pipeline system and its components like pipes,
pumps, and filters. Without IoT, companies have to rely on human resources to
carry out periodic routine checks and maintenance. IoT helps cut down on
manual checks as it can monitor pipelines in real-time.The real-time data can
help in significantly reducing major hazards that are associated with pipeline
leakages and other unwanted situations. Employees can be quickly put in use
to fix any issues which may result in significant danger.
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7. Efficient Management
• Another advantage of using IoT in the oil and gas industry is the efficient
management of employees and the plant. Employees will be required to
carry out maintenance only when an abnormality is detected.This
eliminates the need for periodic human inspection, and human resources
can be managed efficiently. Moreover, planned shutdowns and efficient
management of materials can be done using IoT.
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8. Refinery monitoring
• IoT helps monitor things like pipe pressure, flow rate, among other
performance parameters. A lot of measurement and data is required regarding
every component of the refinery.This is time-consuming and costs the
company a lot if done manually. Some areas need precise measurements in
real-time.
• For example, a certain valve may need to be controlled based on the flow-rate
monitored at some other place. In such a case, a change in the flow rate would
require an instantaneous control of the valve.
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9. • The IoT allows for more data collection accurately
at places can’t be accessed by human resources.
Sensors can be placed at various points that are
hard to access by employees and can provide
more data.This helps for the round-the-clock
monitoring of the refinery.
• According to a report, the oil and gas
companies can improve their production by 6%
to 8% with proper utilization of data.
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10. Offshore monitoring
• Most offshore oil and gas production is done in extreme environments.There
are very few communication networks available at these rigs. Monitoring
temperatures, pressures, and other equipment monitoring become a difficult
task and an expensive one too. IoT helps overcome these hurdles to provide an
efficient monitoring system.
• Using Low PoweredWide Area Network (LPWAN), a lot more monitoring points
can be connected.This implementation provides a relatively inexpensive
solution for offshore oil and gas rig monitoring. Multiple leak detectors can be
connected to oil wells within a large area. Each of these detectors can send the
data to a central point in real-time.The data can then be leveraged to monitor
the drilling and oil extraction process remotely.
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11. Cargo shipping
• Real-time ship and fleet monitoring is a very important aspect for fleet managers.
Oil and gas cargo ship monitoring is similar to its offshore equivalent.There’s no
connectivity at the ocean, and the workers have to rely on satellite internet.There
are limited options available if the workers need data from around the ship.The
data from these ships is huge in itself. IoT provides for easy data collection from
these points. LPWANs provide easy monitoring options for parts of a ship that
aren’t frequented by ship personnel. Sensory monitoring devices provide safety
as well as convenience in gathering data from points that are not easily
accessible. Some elements of cargo ships have to be wired due to real-time
needs, whereas some non-operational elements don’t need to be connected in
real-time.Therefore, small IoT networks prove to be a great alternative to wired
sensors.
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12. Health and safety
• Oil and gas sites are usually found at dangerous and remote locations.The
conditions at these sites prove to be a hazard for the employees working at these
locations. IoT solutions provide for remote monitoring of equipment and
operations, no longer requiring individuals to go to a site without prior knowledge
of the situation at hand. Connected sensors and image vision can provide an
accurate detail of the situation and help decide the safest course of action. IoT in
oil and gas can help reduce deaths and injuries caused to employees significantly.
The fatality rates among oil and gas employees are decreasing, and IoT can help
bring down the number to a greater extent. Accidents can prove to be expensive
to the companies financially as well as damage the reputation of the company. By
using IoT-enabled safety measures, oil and gas companies can provide their
workers with a safe working environment.
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13. Carbon footprint control
• The implementation of IoT in oil and gas operations results in the efficient
working of the industry. IoT solutions prove beneficial financially as well as
environmentally. With efficient management and working of the plant, the
carbon emissions generated by them can be reduced significantly. It helps
lower the environmental footprint generated by oil drilling and production
operations. Oil and gas companies can thus carry out their moral
responsibility of not impacting the environment in a harmful way while
carrying out operations.
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14. • The oil and gas industry has always faced the problem of inventory planning and
optimization. IoT helps in efficient planning and scheduling in the supply-chain
process. Refineries can use sensors to detect the blends of crude oil incoming
and the exact location where the barrels are stored.This data proves valuable for
operation and production decisions.The use of IoT in oil and gas supply
management chain brings transparency and authenticity to the industry.
Supply-chain management
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15. Increased revenue
• In recent years, the competition among oil and gas companies has been
increasing.The leading organizations are seeking strategies to help maximize
efficiency and improve their profits. Focusing on short-term cost-cutting
measures can hamper long-term business success. Investing in IoT will ensure
companies are more successful in reducing their operating costs. Improving
efficiencies, the demand and supply predictions, and streamlining expensive
processes can be achieved significantly with IoT solutions. Minimizing the
unnecessary expenditure in terms of capital and human resources can help
companies cut down on operating costs significantly.
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16. Creating ‘smart’ oil and gas will continue to be a long, evolving process. IoT
solutions are making their way from the plant to boardrooms.The use of IoT in
oil and gas is thus, not limited to only the plant and rig operations, but covers
many, if not all, aspects.The IoT and the data generated by these devices are
helping change the way the industry operates and ushering a new era of
efficiency and profitability for the companies involved.
Conclusion
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