Gain unprecedented operational efficiency and reliability through advanced asset monitoring and predictive maintenance. Monitor critical equipment and infrastructure remotely, detecting potential issues in advance and optimising maintenance schedules. This proactive approach minimises downtime, extends asset lifespan, and reduces overall maintenance costs, ensuring optimal performance and productivity.
Oil & Gas and the IoT
Undeniably, the oil and gas industry serves as a lifeline for the global economy, powering key sectors such as transportation, electricity generation, heating, and manufacturing. It is clear however that operators face diverse challenges related to resource optimisation and environmental stewardship. These challenges have a global impact.
Inefficient operational practices cost the oil and gas sector billions of dollars annually. Inadequate resource management, fuel wastage, and equipment inefficiencies lead to substantial financial losses.
Through the IoT, there is however a substantial opportunity to optimise large cost centres. Drilling represents a large portion of oil and gas production costs, accounting for 20-30% of the overall expenses. Analytics, automation, monitoring and predictive maintenance enabled by the IoT gives upstream operators the data they need to make informed decisions on equipment utilisation.
Globally, the industry consumes a significant amount of energy; accounting for 9 percent of all human-made greenhouse-gas emissions and produces the fuels that account for an additional 33 percent of global emissions. This issue carries throughout the value chain.
Governments and Investors are demanding consistent, comparable, and reliable data, challenging companies on climate policies and emissions reduction plans. Sustainable investments have reached $30.7 trillion, one-third of total investment, indicating increasing investor consciousness of environmental issues.
To address these challenges, IoT solutions enabled by Myriota offer a transformative approach. By leveraging IoT devices and sensors, operators can access critical data regardless of location or operational complexity. Insights on equipment performance, energy consumption, emissions, and environmental conditions enable operators to optimise operations and reduce costs.
With seamless connectivity that operates in any location, Myriota enabled IoT solutions empower the oil and gas industry to achieve efficient resource utilisation, minimise financial losses, and promote sustainable practices. It’s all about leveraging advanced connectivity and innovative technology to revolutionise the industry’s landscape and pave the way for a more profitable and environmentally conscious future.
Tapping anywhere connectivity to fuel the industry towards higher performance
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Reduce Cost
Save on costs by leveraging increased automation and remote process monitoring. Our IoT connectivity provides insights anywhere on the earth’s surface that help to optimise operations and reduce expenses.
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Boost Efficiency
Supercharge operational efficiency with our smart capabilities. From accurate billing to loss prevention and advanced maintenance strategies, including off-shore equipment, our IoT connectivity empowers you to streamline operations and maximise efficiency.
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Enhance Longevity
Achieve higher reliability and longevity of equipment through remote monitoring and data collection. Our IoT connectivity enables proactive maintenance and data-driven insights for improved equipment performance and longevity.
Agbot™
Low-cost tank monitoring anywhere with the Myriota Network
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Industry opportunities
IoT-enabled monitoring of infrastructure in remote areas is a critical technology. Discover how it can be applied across the Oil & Gas industry.
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