Right now, it would be hard to imagine an industry where is there more at stake than in the oil and gas industry. Right now, these organizations are challenged with meeting increasing global demands in a volatile market, greater regulation, geopolitical influences and scarcity of expertise.
Even in the weeks while we were developing this white paper, oil prices took a dramatic dive, and at the time of publishing, were hovering around half of what they had been during the four years previous.
In a nightmare operating environment like this, any business needs to recognize the new global paradigm, and how they need to be working a whole lot smarter.
This paper looks at the concept of the digital oilfield – where it is heading and what it is doing right now. We investigate the ubiquitous nature of communications in the field, and how smarter, unified communications can exponentially increase operating efficiency while dramatically lowering the overheads associated with it.
But more than anything, we see the power of The Internet of Things, and how this concept can successfully bring the field to the oilfield operator, rather than taking the operator out to the field.
And while author Dr Jan Noordhof has focused his attention on resource extraction industries here, there are plenty of interesting concepts and food for thought for other industries, in their quest for greater efficiencies as well.
Communicating in the digital oilfield whitepaper is now available for download.