Three steps on the adoption curve
What will the digital oil field of the future look like, and how will today’s oil and gas companies get there? We believe that technology adoption will follow three major phases or stages, each building on the previous one and patterned after the well-known maturity curve approach.
- Connecting assets and operations
The initial two phases focus on connecting field assets and equipment to the industrial internet through the use of sensors that provide automated monitoring and diagnostics. Through the creation of a cloud and IT environment (that can store and analyze incoming data from critical assets), the company begins to build real-time and predictive insights on the operation of individual assets and whole processes comprising multiple pieces of equipment.
- Connecting the value chain
The next phase of creating a digitally connected oil and gas enterprise centers on connecting operations to both the internal and the extended value chain, which includes transportation, terminals and warehouses. Such interconnectivity must include automated ordering and logistics functions enabled by real-time tracking and predictive analytics of asset performance in the field.
- Connecting across the entire enterprise
The final phase of digital adoption is achieved when a company connects all of its assets and processes across an integrated value chain. The IIoT and cloud architecture will allow companies to connect their operations on a global rather than local scale, whether it is connecting all subsea wells to optimize production from multiple offshore platforms or connecting all of a company’s refineries located across the US Gulf Coast.
Using IIoT to connect assets, people and processes
We live in an age of innovation and digital transformation. Digital changes what is possible, and its impact is affecting every individual, organization, business and government.
We believe a better working world means developing better, digitally-enabled approaches for our people, our clients and the communities, and wider world we all serve.
We also believe that digital should be infused in everything we do. So we don’t start with a digital issue — we start with a business issue and then build a plan fit for a digital world. This means being able to look at digital from every angle to help build, grow and protect organizations.
We believe the connectivity gains promised by the IIoT can help streamline and simplify today’s fragmented and globally distributed oil and gas supply chain, just as it has done for other industries that are further along the adoption curve.