'Smart' Rigs To Digital Retrofits: How Oil And Gas Explorers Are Getting Lean And Fit [Forbes]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Forbes
'Smart' Rigs To Digital Retrofits: How Oil And Gas Explorers Are Getting Lean And Fit Smartphones, smart-meters and smart-cars – premised on digital tools making communication, monitoring energy consumption and driving more efficient – are among us. It seems oil and gas explorers have their own nifty kit – the 'smart' rig! It's been around for a while, in use offshore and is getting smarter as data analytics, robotics and artificial intelligence proliferate. At IHS Markit's CERAWeek 2019, a major energy conference in Houston, U.S., the exhibition floor appears abuzz with a plethora of kit, sensors, data tools, robotic claws, remote management devices and drones of all descriptions, shapes and sizes, and lest we forget – use cases! vendors are eyeing billions of dollars in sales, while oil and gas drillers are looking at savings resulting from process optimization. For Chris Dartnell, President of the Oil, Gas and Petrochemicals Business at Schneider Electric (EPA:SU), it signifies th
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