Milind Patel (IoT Approach to Oil & Gas Industry).pptx
1. IoT Approach toOil &Gas Industry
Name:- Patel Milind Rameshbhai
Branch:- Petroleum
Roll No:- 19BPE082
Topic :- IoT Approach to Oil & Gas
Industry
2. Table Of Content
(1) What Is IoT
(2) Technology Roadmap :IoT
(3) 10 most popular Internet of Things applications
(4) Refining The Oil And Gas Industry With IoT
(5) Using IoT In Oil & Gas
(6) Drilling management
(7) Pipeline monitoring
(8) Refinery monitoring
(9) Offshore monitoring
3. 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.
• IoT is the practice of capturing, analyzing, and acting on data generated by
networked objects and machines
• The Internet, which was introduced to connect people, is now connecting objects
to people and is constantly collecting, analyzing, and communicating data. It is
becoming a sort of sixth sense for humans.
5. 10 most popular Internet of Things applications
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
10) Smart farming
6. 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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7. Using IoT In Oil & Gas
• Drilling Management
• Pipeline Monitoring
• Refinery Monitoring
• Offshore Monitoring
• Health andSafety
• Carbon FootprintControl
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8. Drilling management
• 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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9. 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.
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10. Refinery monitoring
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• 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.
11. • 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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12. Offshore monitoring
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• 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 PoweredWideArea 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.
13. 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.
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Conclusion