ABSTRACT
This paper presents a comprehensive review of the Internet of Things (IoT) deployment in the oil industry, focusing on its efficiency impact through a comparative lens between the United States of America (USA) and Nigeria. It aims to synthesize existing research and expert insights on the integration of IoT technologies and their consequent role in enhancing operational efficiencies within these two distinct contexts. By examining a wide array of literature, case studies, and industry reports, this review delineates how IoT applications—spanning from predictive maintenance and remote monitoring to automated control systems—have redefined operational paradigms in the oil sector. In the USA, the paper highlights a robust integration of IoT solutions, driven by high technological readiness and supportive regulatory frameworks, which has significantly improved operational efficiency, safety, and environmental sustainability. These advancements are evidenced by reduced operational costs, enhanced resource management, and lower greenhouse gas emissions. Conversely, the exploration into Nigeria’s oil industry reveals a nascent but promising IoT adoption phase. Despite facing challenges such as infrastructure inadequacies, cybersecurity risks, and regulatory ambiguities, Nigeria shows potential for efficiency gains through targeted IoT applications, which could revolutionize its oil sector by improving operational reliability and environmental compliance. The comparative analysis elucidates both the shared benefits and unique challenges faced by the USA and Nigeria in harnessing IoT technologies. The paper concludes by underscoring the critical role of cross-sector collaborations, policy innovation, and capacity building in accelerating IoT adoption. It suggests that with strategic investments and regulatory support, IoT can significantly enhance the efficiency and sustainability of the oil industry in both developed and developing contexts.
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