CHALLENGES AND INEFFICIENCIES OF MANUAL REPORTING
The oil and gas industry performs a vast range of online and offline maintenance as well as inspection tasks to define asset performance and condition, whilst ensuring compliance with regulations and international standards.
Through completing industry-wide case studies and real-life client projects, AIE has observed that field inspection and maintenance programmes are inherently inefficient and poorly executed.
Data is often managed across unstructured corporate file servers or stored within siloed databases across various departments.
In addition, field data is often manually captured, inefficiently recorded, or lost in translation due to limited use of technology with different reporting standards and site procedures. Inspectors spend countless hours reporting the data rather than onsite inspections.
Inefficiencies in reporting are a major contributing factor to soaring operational costs and increased downtime, consequently leading to cost delays in production. Inaccurate reporting of information in the field with ever present human error is not just deemed useless, rather it is damaging. There is no other industry that benefits more from timely and precise reporting than those involved with oil and gas projects. Erroneous reports and incorrect numbers can jeopardize vital aspects of the production process. The solution to this is simple; to correct reporting inefficiencies through automation.
Manual data entry is not just a labor intensive and expensive process but a time consuming one, where in-field personnel need to verify, track, compute and most times enter and re-enter the data.
Automated data entry is a significant advantage for oil and gas operations where up-to-date information is essential. It allows oil and gas businesses to eliminate the need for manual formulation of reports, and most importantly will provide accurate, timely information, eliminating the costly labor involved for producing, compiling, and relying on what is often an inaccurate report.
DIGITAL TRANSFORMATION IN O&G INDUSTRY THROUGH IoT
The oil and gas industry is one of the biggest sectors in the world in terms of annual revenue, producing an estimated $3.3 trillion yearly, according to IBISWorld.
Like every other sector, digital transformation in the oil & gas industry reshapes how operate their assets.
The Internet of things (IoT) has made it possible to interconnect physical assets like never before, with pipelines, plants, facilities, and equipment types being managed by a single digital database. IoT is the face of digital transformation.
Digital transformation leads to improved productivity, higher efficiency, and increased cost savings.
- Increased productivity: data availability in a centralized location, real time data is uploaded while being gathered.
- Reduced human errors: digital solutions can be tailored to prompt users where data is missing/wrong.
- Saved costs due to higher productivity and reduced errors.
In the world of asset integrity management (AIM), digitalization translates to the use of intelligent analytics allowing operators to conduct and submit asset inspection work directly from the field via Wi-Fi using a mobile tablet.
INTRODUCING OUR NEW IN-HOUSE SOFTWARE: VERACITY INSPECTION
Veracity Inspection provides a digital solution for work scope development and field data capture to optimize inspection planning and implementation.
This module also has analytics features which can directly use uploaded measurement data to automatically calculate remaining life, view the % of inspected vs uninspected features, and to show the user the feature types with historically higher corrosion rates and anomalies. The analytics have been helping multiple clients of ours to realize optimization opportunities for their inspection planning, which is critical during these times with multiple deferred inspection campaigns.
The Veracity Inspection module is fully integrated with our mobile application, Veracity App, which works online and offline, stores inspection data against test points, geographically positions the inspector and feature locations, accepts photography, videos, audio notes and much more. The Veracity Inspection application streamlines the inspection process using digital work packs and tablet-based field data collection and reporting.
The mobile inspection app is fully integrated with our Veracity analysis modules and clients CMMS.
Find out more about our Veracity Modules here.
You can also request a free demo by contacting us at info@aiegroup.org
REFERENCES
https://www.ibisworld.com/global/industry-trends/biggest-industries-by-revenue/