Oil & gas producers have deferred investment for some time but to address long-term business needs the production companies can no longer defer modernization and now invest for cost reduction. New technology such as wireless sensor networks, analytics software, and cloud computing makes condition monitoring for a broader scope of process equipment practical, including from an engineering center, and enable new IIoT-based business models requiring no capital outlay. Results from easy to replicate digital transformation and de-manning solutions include extended life of production equipment, reduced maintenance spend, reduced energy cost and losses, reduced personnel cost, improved productivity, and increased production.

This webinar is categorized under the Data Science and Engineering Analytics discipline.