Location Intelligence in Oil & Gas
Many companies have embraced Digital Transformation in their decision-making process today as smart technology and connected systems continues to prove how efficient they can be in everyday business operations. The Oil and Gas industry is no exception because it has embraced technologies which are capable of developing operating landscape modules for business expansion while the industry continues to reap the benefits of improved productivity, higher efficiency, increased cost savings and effective monitoring. Considering this, Location Intelligence plays a vital role in the digital maturity of the Oil and Gas industry, as they make use of Geographic Information System (GIS) infrastructure to spearhead this initiative.
GIS in the Oil and Gas industry encompasses systems which are able to handle location data and spatial information within the corporate office and the operational field. The cycle includes begins from data collection. The collected data is then structured well and processed, managed and analysed within an allocated database in the system, to guide in decision making and productivity boost.
Usually, GIS systems are regularly updated with data in real time within a cloud system specially dedicated for location data. Oil and gas companies also tend to explore streaming Internet of Things (IoT) data on maps and dashboards, identify temporal patterns, and extract location-based intelligence using GIS Infrastructure. Professionals also leverage spatial – big data to gain real-time visibility into the day-to-day operations of the industry as they make efficient decisions based on increased situational awareness.
To dive deeper into the role of GIS in Oil and Gas, one needs to understand the general operational workflows within the industry. Oil field management workflows involve exploration processes such as seismic operations; specific identification of mines using coordinates, field practices such as pipeline network management which is used to transfer crude sources to refining plant and management of facilities which also holds the resources needed for operational activities. GIS takes everything happening on the field and tries to replicate it in a digital way through modern visualization techniques to help make better and more informed decisions to increase performance.
GIS systems developed in the oil and gas industry can be based on Internet of Things (IoT). Simply defined as network of computers, IoT comprises of devices around the world that are connected to the internet, constantly collecting and sharing data, thanks to the development of wireless network computer chips.
Case Study: During a petroleum user conference, Marathon Oil gave a presentation whereby they leveraged IoT Data Feed to explore, collect and integrate industry related information into a Maps and Dashboards. The company used IoT feeds to enhance operations and logistics by optimizing feeds from the online fleet of data which is processed to understand the most optimal routes to wells, as they also calculated the minimum distance to be covered before reaching the desired location, using ArcGIS. This help them over 20% on their operational cost.
The oil and gas assets data are very vital as they relate directly to production, sale, purchase, exchange or processing, handling, storage, transporting or marketing of related products in a firm. These factors are quantifiable in GIS as it utilizes data sensors and applications expressly developed for that purpose. Weather feeds also play a big role in the operational curriculum of the oil and gas industry as it significantly affects field productivity. Generating Live feeds of the weather is considered in measuring the safety of field workers thus, giving firms who utilize GIS infrastructure, a competitive advantage by the achieve maximum return on their investment through the integration of real-time data, critical monitoring of assets and gaining deeper insights into data to improve situational awareness.
The oil and gas industry keep endeavoring to reduce costs of operation, improve performance, and reduce risk level of operation. The introduction of location intelligence systems has proved to be the answer as GIS systems are able to enable users to efficiently manage of oil production processes and assess the environment or field of operations. To achieve this, the weakness and success of the oil and gas is investigated using analytic results process to clarify the state of the environment and gain insight into best management methods to be employed. This has significantly improved the flexibility of work within the oil and gas sector and seamless workflows tend to influence oil exploration plans, projects and initiatives.