IIoT Enabled Solutions Can Increase IQ of Pumps in the Oilfield
ARC recently published a new study Intelligent Pumps for the Digital Oilfield which indicated that the intelligence of an oilfield pump can be enhanced not just through use of a variable frequency drive but also through the integration of IIoT enabled solutions that will help ensure greater uptime and availability, improve production and operational efficiencies and help improve overall profitability.
Developments in smarter sensors, improved connectivity including wireless, more advanced analytics and software capabilities, and a general urgency to cut costs while maintaining or increasing production in the face of low oil prices are all factors driving a convergence in need for intelligent pumps.
By harnessing the power of connectivity to support real-time monitoring and predictive maintenance to optimize help intelligent pump performance, owner-operators, independent E& players and related stakeholders are realizing ROI. Suppliers providing pressure pumping service, chemical injection services and other upstream related services that require pumps realize that IIoT enabled solutions are a primary means to ensure that they can provide the most reliable service while protecting their margins and ensuring the optimal customer service levels relative to customer spend.
ARC is a strong believer that IIoT enabled solutions can provide meaningful ROI to users of most any rotating equipment, and this is major driver for ARC’s conducting upcoming research into compressor and turbine control optimization. IIoT will no doubt play a major role in that market research and its likely conclusions and recommendations. Companies interested in learning more about the upcoming research, and perhaps helping shape some of the study scope, should please feel free to contact me as I would be very interested in further discussion on the matter.
More: www.arcweb.com
