More than a trillion is lost annually due to pipeline and tank corrosion. Oil wells, when unmonitored, emit kilotons of harmful gas.
In mining, despite several measures, accidents still occur. Yearly, problems like human errors, vehicle collisions, maintenance problems, and frequent breakdowns cause businesses to lose millions.
Operational challenges like safety, sustainability and compliance keep supervisors on their toes, and lack of visibility causes expensive inefficiencies in operational productivity, profitability, and revenue.
You cannot control or measure if you cannot see
The energy sector in particular deals with complex, intricate, and hazardous operations. Non-visibility in operations can quickly escalate to not just financial setbacks but can threaten workers’ safety as well. Hence, optimizing operations, automating, and streamlining processes becomes imperative.
Pinpointing the source of the problem in daily operations, and taking proactive action requires real-time visibility for better control and efficiency.
This is where RTLS solutions are proving to be a game-changer. The ability to control and manage assets, people, and complex processes by digitizing and automating from one single platform in real-time.
Driving efficiency through real-time tracking and monitoring
Internet of Things (IoT) devices are empowering industries to enable real-time communication. Small devices are mounted on objects and people, and operations are controlled through central software. This has hugely benefited the energy sector to address key operational challenges like safety, sustainability, and compliance.
By installing IoT devices and sensors in drilling rigs, pipelines, storage facilities, and other critical components, businesses can remotely track and monitor their operations in real time.
IoT automation improves productivity and reduces costs by collecting and analyzing data to identify areas for improvement in real time. Smart IoT solutions help businesses predict equipment failures and schedule maintenance before any issues arise, reducing downtime and ensuring the safety of all personnel involved.
RTLS as a Game-Changing IoT Solution in Oil and Gas
The benefits of implementing Real-Time Location System (RTLS) solutions across the energy, mining, and power/utilities sectors galore. Let’s take a look :
1. Improved Safety Measures:
Real-time monitoring of personnel location enhances safety compliance in hazardous environments.
Immediate response in emergencies based on personnel tracking data.
Ensure compliance with safety regulations by monitoring personnel location and access to restricted areas.
Coordinate rapid intervention during emergencies based on real-time location data.
2. Enhanced Operational Efficiency:
Optimize resource allocation based on real-time location data.
Streamline operations and workflows for increased productivity.
Analyze real-time data to identify bottlenecks and optimize operations.
Meet demand more effectively and reduce wastage through efficient resource allocation.
3. Real-time Asset Management:
Track the location and condition of equipment and assets for efficient deployment.
Ensure efficient utilization and maintenance scheduling.
Monitor the condition of equipment and infrastructure for proactive maintenance.
Reduce downtime and extend equipment lifespan through predictive analytics.
4. Increased Productivity:
Improve productivity through efficient resource allocation.
Meet demand more effectively and reduce wastage through optimized processes.
5. Cost Reduction:
Reduce downtime and maintenance costs through proactive maintenance.
Optimize energy production processes to reduce operational costs.
Efficient resource allocation leads to cost savings in labour and equipment usage.
6. Improved Quality Control:
Ensure product quality by monitoring processes and equipment in real time.
Minimize defects and product inconsistencies through real-time monitoring and control.
Change is the very core of evolution
In conclusion, the journey of IoT has been a remarkable one, with newer, smarter, and user-friendly services evolving over time. The Real-Time location sensing solution has the potential to address several challenges in the energy sector.
Digital tools and analytics enabled by new-age connectivity in remote hazardous and complex environments have changed the traditional way of conducting operations.
Digitalization is no longer a ‘nice to have’ but instead a ‘need to have’. The more connected the company’s operations are the easier it is to make real-time and proactive decisions, which in turn results in higher profitability.
If you’re a company from the energy sector, you need to ask yourself, are you ready for the next leap, in this rapidly evolving future? Know how Syook's Internet of Things (IoT) platform- Syook InSite - can help you to expedite productivity, enhance operational efficiencies, achieve cost savings, and bolster safety within your physical environments—all while assisting you in achieving critical ESG (Environmental, Social, and Governance) objectives. Connect with us.