The price volatility and the shifts in demand encourage facilities in the oil and gas industry to focus on “sweating the assets” – safely increasing the business output in an environmentally sound manner.
Wonderware and the Internet of Things
For years you have heard about what the digital revolution can do for oil and gas production and have seen some successes, but now the IIoT provides a missing link that moves the hydrocarbons industries to a new level of connectivity.
In upstream oil and gas production, this new level means extending the life of the wells and operating more efficiently. In upstream processing it means operating more reliably and more efficiently. And in refining and petrochemical operations it means improving reliability and efficiency as well, but it also means staying competitive by finding new flexibility to process a greater variety of crude oils. The ability to switch from gasoline to diesel fuel production quickly, for example, can have significant bottom-line benefits.
Within each industry segment, we help customers identify what we call “value-leaks" and articulate and implement the operations improvements needed to close them.