The oil and gas industry has traditionally transformed at a mammoth pace. It brought with it the perils of mass infrastructure and brought individual processes and machinery onto a common platform. Add to this the high risk of monetary penalties and costs involved with downtime, and you have a deadly cocktail of flammable vital resource, quite literally, waiting to explode.
But all is not lost. The oil & gas industry has slowly but surely embraced technological transformation. Connected refineries, retail stores, fuel reserves, and command centers, they built them all. The bigger question is, however, the way such an enterprise can protect its vital assets.
A three-pronged approach of governance, risk management, and controls is the answer. Unlike a modern retail chain, oil & gas assets still need to migrate to modern systems without disruption in production or operations. Such a strategy must consider certain key imperatives:
- No disruption in operations- A technology platform scoring high on future readiness- Possibility of integration with modern technology- Innovative ways to minimise harm to human life
Building an augmented reality solution to visualise the state of an oil drill deep under the earth’s surface is a great tool for the engineering and maintenance team, but if it’s running on a weak and unsecure network, the threat of cyber espionage and cyber-attacks increases manifold.
The first step to prevent this is to iden ..
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