About the Workshop
IoT is transforming the oil and gas industry to get more than what they already have. The need to work collaboratively using digitised technology in facing our industry’s current worst-ever downturn will result in improved efficiencies with optimised results. Oil and gas companies are looking at how to best consume their data across their value chain by connecting technology, people, processes and assets.
A widely accepted definition of the Internet of Things (IoT) is where objects or people have unique identifiers and can transfer data over a network without requiring human-to-human or human-to computer interaction as the rapid evolvement from convergence of wireless technologies micro electro-mechanical systems and the internet.
Emergence of sensors technology and the advancement in communication technologies and cloud computing have moved the world into a new computing paradigm which involves trillions of connected devices to serves as an interconnected IoT platform which ultimately fulfils the three major business objectives: improving reliability, optimising operations and creating new value.
Massive investment has already been made to install and deploy technology across operations, enabling 24x7 continuous data gathering and monitoring. The key now is to leverage these investments to create new efficiencies and cost saving from upstream to downstream.
This first IoT workshop for oil and gas in Asia will focus on how to get started, how to sustain and how to improve. The workshop will review the recent case studies of IoT implementation in oil and gas industry. More specifically, where it will be used to update the understanding of operators, drilling contractors and service providers of the enhanced value in terms of integrated developments, simplified processes and cost optimisations. Improved applications of fit-for- purpose technologies and multiple-field usage of facilities will ensure maximised return on investments. The workshop will discuss in detail the trend from the point of view of the operator, drilling and service contractors on the key areas of big data, cyber security, automation, real-time analytics and HSE and process safety.
The goal of this workshop is to provide a platform for presentations and engaged discussions on how the deployment of IoT technologies can overcome emerging and existing challenges, lack of standardisation, legacy installed bases, and liability of current technologies.
The Society of Petroleum Engineers (SPE) is a not-for-profit professional association whose members are engaged in energy resources development and production. SPE serves more than 164,000 members in 143 countries worldwide. SPE is a key resource for technical knowledge related to the oil and gas exploration and production industry and provides services through its publications, events, training courses, and online resources at www.spe.org.
The Society of Petroleum Engineers (SPE) is a not-for-profit organization. Income from this event will be invested back into SPE to support many other Society programs. When you attend an SPE event, you help provide even more opportunities for industry professionals to enhance their technical and professional competence. Scholarships, certification, the Distinguished Lecturer program, and SPE's energy education program Energy4me are just a few examples of programs that are supported by SPE.