How To Benefit from Big Data Analytics in the Oil and Gas Industry?

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#How does big data analytics help the industry?

Big data analysis can help simplify department operations. Such as exploration, drilling, production, and delivery, in the three sectors – upstream, midstream, and downstream. There are three key parts in oil and gas operations, upstream, midstream, and downstream. Use data analysis in the upstream department to achieve manage seismic data. This is because the injury analysis starts from the shallow areas looking for oil resources, and the seismic data is collected through the collection of sensors. Once the data is available, the company's previous data related to drilling operations are used to determine the oil and gas volume of the oil storage tank more accurately. In addition to managing the data from earthquakes and data from downhole sensors, it is also possible to collect the data needed by the company to improve its production. Through the analysis of big data such as pressure, temperature, and changes in academic progress, the company obtains developable information, which can enhance its insight and operation to improve profitability.
As the logistics situation in the petroleum industry is extremely complex, the main business of the CNPC department is to minimize the risks of transporting oil and natural gas. Companies utilize sensor analytics to ensure the safe logistics of their energy production. Predictive maintenance software analyzes sensor data from pipelines and tankers to detect abnormalities, which allows preventing accidents. Moreover, in the downstream department, companies use big data analysis and prediction to reduce downtime and equipment maintenance costs, which can improve asset expenditures. The historical data of the equipment is used to predict the factors that will cause it to terminate or malfunction, so some performance adjustments can be made, and a numerical reference for maintenance experts is also provided.

Comments

  1. 廖貞傑June 26, 2020 at 8:35 AM

    Wow, this is the article that I have never seen before, I can not imagine that big data analysis also can use in the oil and gas industry. In my mind, these two industries are kind of using the machine to dig so it does not need a lot of big data to analyze, but after reading this article my mind has been changed. This is the first time I know there are still many places that need big data analysis to help in the oil and gas industry. Through, the analysis the company can improve its production by collecting data like pressure and temperature, and change in academic progress. The company still can increase its insight and operational capabilities to improve its profitability. The big data analysis also not only can help in hardware but also in software, for example, it can predictive maintenance software analyzes sensor data from pipelines and tankers to detect abnormalities, which allows preventing accidents. I think this is very important for those workers because we can know that every time the accident from the gas and oil industry is very serious, so if we can predict the accident happened, I think it will be a lot safer than before without big data analysis.

    Thanks for share this article, I have never think about this part, because usually, I will not read the article about the gas and oil industry, through this article I have to learn a lot of knowledge about oil and gas industry and how big data analysis help it.

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