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The Concept of

The document discusses big data and data analytics in the oil and gas industry. It states that the industry generates huge amounts of data from sources like seismic surveys, drilling data, and production monitoring, and there has been a focus on analyzing this data over the last five years to improve efficiency and safety. It provides an example of Chevron using big data to optimize operations on heavy oil reservoirs. The document also discusses how the internet of things can provide real-time sensor data from equipment, pipes, storage, transportation and employees to remotely monitor and control assets for improved efficiency and safety through predictive maintenance and reducing the need for offshore inspections.

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Puneet sharma
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37 views2 pages

The Concept of

The document discusses big data and data analytics in the oil and gas industry. It states that the industry generates huge amounts of data from sources like seismic surveys, drilling data, and production monitoring, and there has been a focus on analyzing this data over the last five years to improve efficiency and safety. It provides an example of Chevron using big data to optimize operations on heavy oil reservoirs. The document also discusses how the internet of things can provide real-time sensor data from equipment, pipes, storage, transportation and employees to remotely monitor and control assets for improved efficiency and safety through predictive maintenance and reducing the need for offshore inspections.

Uploaded by

Puneet sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Big Data and Data Analytics

The concept of ‘Big Data’, defined as increasing volume, variety and


velocity of data, is familiar to the oil and gas industry. The industry
generates a huge quantity of data, whether it is 3D seismic surveys,
drilling data, production data or the monitoring of production
facilities (pressures, flow rates, temperatures etc.). Analysis of such
data has been a major area of focus and innovation in the last five
years within the oil and gas industry (as well as many other
industries) with a view to potential improvements in exploration and
production efficiency and safety. At the present time there are many
examples of research and development projects looking at how to
utilise Big Data in the industry. in exploration, drilling, reservoir
engineering and production engineering. Hadoop1 platform to model
the utilisation of Big Data to optimise steam assisted gravity drainage
and cyclic steam operations on a heavy oil reservoirs by analysing
data from over 14,200 wells in Chevron’s San Joaquin valley fields.
GE Digital, a GE Baker Hughes subsidiary, is an early adopter of Big
Data analysis.
Internet of Things and Electronic Monitoring

The internet of things or ‘IoT’ describes the extension of internet


connectivity between physical devices and everyday objects.
Embedded with electronics, internet connectivity and other forms of
hardware such as sensors, these devices can communicate and
interact over the internet where they can also be remotely
controlled and monitored. Within the oil and gas industry, IoT
devices and sensors can provide real time data on machinery, pipes,
storage, transportation and employee safety, for example. The
applications for IoT in the oil and gas industry, as with other digital
technologies, centre on improvements in efficiency and safety. For
example, by integrating the IoT into offshore equipment, employees
can track and monitor equipment lifespan and other elements that
can affect production, such as wave heights, temperature, and
humidity. By applying this knowledge, companies can effectively
maintain an offshore platform through predictive maintenance,
helping detect equipment breakdown before it occurs. This leads not
only to enhanced productivity with less downtime but also results in
an improvement to the bottom line. In addition, this has the
advantage of removing the need for physical presence and
inspection in unsafe offshore environments.

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