Oil remains a critical component of the GCC and MENA economies. Oil companies must integrate IoT solutions end-to-end to build a connected oil enterprise in order to derive the maximum potential from their investments.
RPMAnetworks seeks to use sensors and Big Data analytics to optimize every stage of an oilfield’s lifecycle: from discovery to exploration, utilization and eventual well abandonment. The ‘digital oilfield’ enables an increase in efficiency and reduction of expenses consequently maximizing output, increasing efficiency, and minimizing or preventing potential problems. Examples include monitoring oil wells, pipes, and transport mechanisms. More automation and improved efficiencies will facilitate the GCC and MENA oil companies to focus on their core competency of extracting hydrocarbons from the ground while piloting emerging technologies that can help streamline operations and maximize value. Well implemented, IoT has the potential to propel oil companies into the future by leveraging the agility and predictive insights.