The impact of Internet Of Things in Oil & Gas Industry

The Impact of Internet of Things on Oil & Gas Industry

The Oil and Gas Industry is suffering from a lack of expertise. It has resulted in conquered operational efficiency. But the introduction of IoT can significantly improve the efficiency with reduced downtime from days to hardly a few minutes.
It is also expected that the Industrial Internet of Things will improve the revenue by almost $816 Billion over the next decade.



Upstream Oil Industry (Production Related Industries)

The depleting storage of natural resources has forced the organizations to the use sensors & robotic technology.
Sensors can lend a hand in calculating the measurement of temperature, chemical composition, pressure, acoustics, and equipment performance with respect to different environments correctly. These factors help organizations to:
  • Discover hydro-carbon deposits,
  • Well and fieldwork optimization, and
  • Identify new spots for drilling.
According to IOT Agenda, The workers are seven times more likely to succumb to injuries. Consequently, IoT reduces the risks associated with the worker’s safety by a considerable amount.

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