This is the third installment in a series of blog posts on
the oil and gas industry. It will explore topics such as data delivery, trends
in the industry and the evolution of oil and gas networks.
it is safe to say that the demand for energy will never go away. Whether it is
fossil fuels, renewable or green energy, we must continue to power everything.
The demand for fossil fuels (oil and
gas) has never been higher. That means oil and gas companies have a vested
interest to search for other oil deposits in areas that seem either too
expensive or in a very difficult location.
To move these vast operations to remote areas of
the globe, the industry requires a
well-trained workforce; however, there is a deficit in these skilled
employees. According to reports, this deficit is expected to increase by 2030.
this labor gap will be challenging. Faced with this situation, oil and gas companies
are looking at a different strategy: re-engineering the traditional
labor-intensive industry into modern, technology-driven “digital oil field” that requires only a handful of skilled people.
Energy companies are constantly pursuing ways to improve
production control and efficiency. Over the years, those companies who integrated
the digital oil field concept into production and exploration saved hundreds of
million dollars every year.
couple of oil company that have deployed digital oil field initiatives are Shell and BP. The projected spending on oil field
digital investments is more than US$1
over the next few years.
A commonality for all these digital
oil fields is the “what” and “how” they gather and analyze data throughout the
site. This includes the following:
- Remote, real-time facilities and monitoring
- Intelligent wells
- Smart, connected pipelines
In almost every case, an
interconnected architecture is used with fiber-optic cables connected to
sensors that are controlled by operators or automatic through closed-loop information
systems. These sensors transmit a constant stream of data through the environment,
enabling operators to respond to shifting events in real time. As the global
energy market becomes more complex and demanding, it will require an advanced data-driven modeling to improve its forecasting capabilities.
Any of those environments requires ubiquitous
connectivity to help them plan and direct their way to the next-generation
energy mix. This includes the following:
- Tracking and managing environmental impact
- Remote monitoring of increasingly complex
equipment in real time
The use of
advanced data asset management capabilities provides energy companies with
access to new, real-time data and analytical capabilities, and trends. This can overwhelm them with an unprecedented mass of “big data”. By leveraging advanced
analytics powered by supercomputing capabilities, energy companies can increase
oil field performance and site production.
SEE ALSO: Physical Layer Relevance
In The Oil And Gas Market
While the economic contribution of
oil and gas transportation and storage infrastructure investment is
significant, it is important to recognize that these investment levels are
clearly not as large as the capital expenditure elements related to the
conventional and unconventional oil and gas sector. It is necessary to take
into account the infrastructure needed to bring the upstream products to market
passing by midstream and downstream sites.
Deploying technologies like TeraSPEED,
multi-mode fiber, an Automated
Infrastructure Management system and DCIM
can enhance productivity, address the demands of energy assist with data asset
management and the whole oil and gas operations cycle. This is what a trusted
technology advisor like CommScope can do for the entire energy market.
SEE ALSO: CommScope Solves Network
Challenges In The Oil And Gas Market