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IHS Markit, a company that assigns identification numbers to various sectors, announced that oil companies can save up to 18% by investing in digitization, logistics and energy efficiency
IHS Markit, a company that assigns IMO identification numbers to companies from different sectors, showed in an analysis that oil companies still have room for cost reduction, which can be achieved through investments in the resumption of operations, data analysis , energy efficiency and optimization of the logistics chain. In the accounts of the British consultancy, operations in deep water can save up to 18%.
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The consultancy pointed out a series of measures that oil companies can take to reduce operating costs: the first type of action refers to remote operations. Using advanced technologies in sensor technology, communication and control networks and IT infrastructure, for example.
“This shift moves beyond the basic surveillance tasks that have been in place for years and towards more complex activities such as complete asset tracking, true visit by exception, facility inspection and remote maintenance support,” says IHS.
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Decreased costs and carbon emissions:
IHS Markit also stated that reducing costs and reducing emissions are not the other way around. Instead, the consultancy found that there is a close connection between the most efficient operators and those that do their best to reduce the carbon intensity of their assets.
The consultancy concluded by saying, “Supply chain and logistics optimization, along with remote operations, minimize the number of trips made and the number of kilometers traveled to get the work done. The potential efficiency improvement of 20% to 40% documented by IHS Markit would be matched by a similar reduction in vehicular emissions.”
