Huawei has argued that companies should use more advanced technology in oil and gas production. IoT solutions in particular have the potential to ensure not only more reliable production, but also greater safety.
Golden decade for oil and gas?
Huawei’s director of energy for Southern Africa announced that they were already in the midst of a once-in-a-lifetime opportunity. He said he expected a veritable golden decade for the oil and gas industry. Among the reasons he cited were catch-up effects from the current crisis. But an increasingly open world would also fuel demand for energy sources.
Solving known problems
In order to be able to cope with the expected global surge in demand for oil and gas, Huawei advocates finally solving long-standing problems. This includes, first and foremost, compliance with existing standards for safety and stable production. But also generating reliable data around wells, as well as synchronizing and managing existing networks.
IoT special developments before deployment
To mitigate the problem situations described above, Huawei recommends the use of new IoT technology developed specifically for such circumstances. Conveniently, the company has just recently introduced a solution that fits the bill. An eLTE network enables wellheads and oil fields to be connected to each other via 1Mbit per second connections. Areas of up to 15 km can be covered. A passive optical network (PON) also offers a significant reduction in cabling with high bandwidth and low latency.
IoT for greater transparency
Huawei aims to significantly advance the future of the oil and gas industry with its innovations in smart connectivity. As a first step, its eLTE network with real-time capabilities is expected to help make previous blind spots visible. This increases the safety of deployed personnel as well as enabling mobile inspections. In this context, PON ensures fluid and undisturbed data transmission through its manageable and intelligent structures.
Understanding decarbonization as an opportunity
Ultimately, however, one must take note of the fact that complete decarbonization is planned worldwide by 2050. This is already forcing companies to become increasingly climate-neutral. As a result of this development, demand for fossil fuels will decline rapidly in the future. A circumstance that will hit producers of oil and gas products particularly hard. They should therefore start early to shift their future investments to more promising areas now. Conceivable projects would be in the areas of environmental protection, health and safety.