Is there a place for the Industrial Internet of Things in upstream oil and gas?
Lots of specialized assets to track and optimize - check
Remote operations - check
Large potential performance improvements from data at the edge - check
Potential to reduce non-productive time - check
Potential to leverage remote experts - check
Opportunity to improve safety and risk management - check
Opportunity to improve logistics - check
Ready access to network communications - hmmm
Culture open to change - hmmm
Operations IT technically mature - hmmm
There is a lot to be gained from Industrial Internet of Things in upstream oil and gas operations, but a few hurdles must be overcome. None of the technical issues are showstoppers, and many argue that with oil prices low, now is the time to use some of these new technologies to improve performance and thereby margins.
ARC has a new report on the topic, clients can read it here.
Posted in IIoT and I4.0 Viewpoints