For oil and gas, patience is key to begin implementing IoT – but the pace needs to increase after
October 23, 2018 / James Bourne
The oil and gas industry are one of the most complex when it comes to emerging technology implementation. Yet as complicated as it is, it’s people and processes which will ultimately move the needle, according to Jim Claunch, vice president of business efficiency at Equinor. This is not to say that the tech side can be overlooked. Take a look at the sheer amount of data Equinor gets hold of; from its 1200 plus operating wells in its US Onshore business– some with three sensors attached, others with seven – real-time data gets extracted every 15 minutes. Add in the terabytes of data generated from drilling operations, as well as what Claunch describes as ‘truckloads’ on the sub-surface side, then it’s an awful lot to get through.