Technical Innovations and Industrial Automation in India in Oil Industry

Among the eight core industries, the oil and gas industry plays a significant role because of its link to the energy sector. Technology and industrial automation in India are improving, and their impact has changed the way we deal with manufacturing processes. But the biggest impact is because of IOT and smart devices because it reduces human intervention and improves the accuracy of data collection. Knowing how long a reserve will last or how long it will take for the oil to reach its destination helps reduce the cost incurred in its transportation and storage.

Drive Towards Conservation

Global fuel reserves will become nil within the next 50 years. It is time to rethink the way we use non-replenishable fossil fuels. Because of the significant growth of industrial automation in India, we have discovered many new ways of conserving oil. One such is vapor recovery during the transportation of oil. Another is the use of internal floating roofs in oil tanks. These innovations can help improve oil conservation by 10% and this will stretch the oil reserves for a longer time.

India is a Major Player

You can read about these technologies in the IOT blogs in India. Exploring new places and drilling new wells is essential for getting more revenue. The market size for crude oil in India has risen from $70.71 billion in 2016-17 to $101.4 billion in 2019-20. As the biggest non-OECD petroleum consumer, India is the second-largest refiner in Asia with a capacity of 239.91 million metric tonnes. The petroleum and natural gas sector attracted FDI worth $7.89 billion for the period 2000-2020.

Improved Contribution by IIOT

Apart from fleet management and stopping fuel waste through vapor recovery, IOT helps in cutting equipment downtime by efficient monitoring methods. There is automation possible in various processes because of the superior device and process control. The IOT blogs in India tell us how the safety of drivers increases through the adoption of the IIOT technology.

Bulk Logistics Solutions in India with High-Precision Monitoring in Oil

India is the second-largest consumer of crude oil after China among the non-OECD countries. It produced 35.68 MTs of crude petroleum in 2017-18 accounting for 0.92% of the total world production. It also produced 254.4 MT of petroleum products among which high-speed diesel oil and motor gasoline were prominent. Transporting and storing this vast amount of oil presents a challenge to the provider of bulk logistics solutions in India. There also is the problem of loss of oil through evaporation during the transportation and storage.

Problems faced by Transportation Companies

They produce oil in remote areas, often at offshore locations, and then transport it to towns where they need oil. Solution providers who are experts in bulk logistics management help the manufacturers use integrated supply and trading solutions. Often, the movement of the fleet carrying the oil has a Control Tower function to help in tracking. The bulk logistics solutions in India are tedious because of the expanse of the country and the different terrain one encounters.

Time is of the Essence

India imports plenty of crude oil. This is because of inadequate petroleum reserves. Demand-supply forecasting and planning help the logistics providers move material fast. The timely distribution is essential during manufacturing in oil and gas because there will be no place otherwise for the fresh stock. Quick handling of inbound and outbound transportation, customs services, inventory management, and value-added services helps integrate functionality with volume.

Integrating IOT with Logistics

To improve the coordination during the transportation and storage, the service providers use IOT gadgets to coordinate activities and get data. Using this data, they build a future network for the movement of material. During manufacturing in oil and gas, it is vital to understand and put in place the best practices such as vapor recovery for the conservation of oil.