Real-time asset monitoring data that maximizes revenue and enables digital transformation.
The oil & gas industry is one of the most energy-dependent sectors in the global supply chain. Spanning its operations across exploration, extraction, refining, transportation, and distribution, its infrastructure and profitability heavily rely on the operational efficiency of electrical assets. As it operates across diverse conditions, each segment of this industry presents unique electrical and operational demands.
The activities involved in extracting, drilling, and producing crude oil or natural gas take place in extreme and sometimes inaccessible working conditions. Over time, due to these tedious working conditions, electrical assets age and break down faster than expected. Any disruptions to the electrical assets on which these processes rely can cause significant financial losses, safety hazards, and reduced product output.
Refining crude oil, processing natural gas, and distributing products such as gasoline, jet fuel, petrochemicals, and lubricants all operate under strict process controls and stringent environmental and safety regulations. Given its operational complexity and high energy consumption, downstream processes are heavily dependent on reliable power supply to ensure safety and continuity.
Why Electrical Asset Monitoring in the Oil & Gas Industry
The business imperative to invest in electrical asset condition monitoring solutions goes beyond necessity. With the growing demand for oil and gas byproducts, it is crucial for electrical asset health and performance to be continuous and reliable. Failures can lead to catastrophic consequences, including production downtime, safety incidents, environmental damage, and financial losses. Fixing assets on time-based intervals often involves unnecessary part replacements and asset downtime, costing twice as much as condition-based monitoring does. The frequent occurrence of safety incidents also damages a company’s reputation, incurs fines, and halts operations, ultimately driving down its finances and business reputation.
To keep up with the reliability and efficiency of the oil and gas industry, businesses are shifting towards condition-based monitoring of electrical assets, which delivers proactive results. With real-time monitoring and continuous insights into critical asset parameters such as partial discharge, temperature, hotspots, bushing, and others, operators can preempt faults and align with ESG (Environmental, Social, Governance) goals. Proactive maintenance also captures, integrates, and visualizes data to provide data-driven analytics that can be used to:
– Minimize risks
– Optimize energy efficiency
– Enhance safety
– Reduce maintenance costs, and
– Ensure operational continuity
As the industry evolves towards electrification and decarbonization, condition monitoring is becoming a strategic enabler for operational excellence and future-proofing electrical asset health and performance.
Substations are crucial for both upstream and downstream operations in the oil and gas industry. They convert and distribute power to critical infrastructure, from mud pumps and drilling rigs to catalytic crackers and distillation columns. Ensuring substation reliability is, thus, synonymous with maintaining uptime, safety, and operational efficiency.
With Rugged Monitoring’s real-time electrical asset monitoring solutions, operators can collect, analyze, and visualize data for critical parameters such as:
With real-time fault identification, our solutions enable maintenance to be scheduled well in advance of catastrophic failures. This ensures operational continuity, asset reliability, and maximum revenue generation for oil & gas businesses.
By ensuring the proactive maintenance of critical electrical assets, our solutions optimize maintenance budgets, allowing capital to be diverted to innovation and expansion rather than unnecessary repairs and unscheduled maintenance.
Human safety is critical in the oil and gas industry. Our advanced monitoring solutions ensure the optimal health and performance of electrical assets, preventing failures associated with electrical systems and safety incidents.
Energy costs are a significant portion of OPEX in the oil & gas industry. Our condition monitoring solutions help oil and gas businesses drive efficiency, lower maintenance, and asset reinvestment costs, and support their overall sustainability goals.
RM Condition Monitoring Solutions
Rugged Monitoring’s solutions enhance the operational longevity of transformers, effectively mitigating the risk of expensive failures. This ensures consistent reliability in both upstream and downstream operations, optimizing performance across the entire system.
Rugged Monitoring’s circuit breaker monitoring systems ensure reliable high-voltage operations and prevent unexpected outages in both upstream and downstream processes of the oil and gas industry.
Have questions or need more information? Reach out to us for reliable Rugged Monitoring solutions.
