One of the biggest challenges facing the oil and gas industry is the significant cost of corrosion control and protection. According to a study conducted by the National Association of Corrosion Engineers (NACE), pipeline corrosion costs the oil and gas industry over $US 7 billion each year.
To address CUI, one of the solutions that is making headway as viable technology is the Internet of Things (IoT). IoT is a concept that involves connecting physical objects to the internet, which allows them to collect and share data. Fortunately for the oil and gas industry, Tthe automated monitoring capabilities of IoT systems are ideal when it comes to monitoring corrosion.
This article dives into what IoT is and how it can connect pipelines with systems in order to provide real time data to facility personnel. Read more here.