The downstream oil and gas sector, which includes activities such as refining, gas processing and petrochemical plant operations, has also undergone significant digitization in recent years. Digital technologies have the potential to greatly improve efficiency and reduce costs in this sector, as well as enhance safety and sustainability.
One key area where digitalization has made a significant impact is in the optimization of refining operations. By using sensors and other digital technologies, companies can more accurately monitor and control processes, leading to increased efficiency and reduced costs. For example, predictive maintenance techniques can be used to identify potential equipment failures before they occur, reducing downtime and improving overall productivity.