Enabling smart oil fields through IIOT-enabled solutions

摘要

Automated artificial lift system offers operators a solution to the challenges of maximizing productivity and reducing costs. In less than two years the price of oil dropped from more than $145/bbl to $35/bbl, intensifying an effort from producers, manufacturers and operators to reduce operating costs across the oil and gas industry. The industry as a whole has shifted from focusing on production volume to being cash flow-driven. This means operators of mature oil fields globally were forced to make an organized effort to improve the overall efficiency of their operations to increase their chances for long-term success.