Utilizing Blockchain Technology for Oil and Gas Industry

Abstract

During the last two decades, all fields, including the oil sector, depended mainly on technological progress to keep pace with the developments in this field. This technological progress was accompanied by an increase in hacking attempts. Cyber-attacks are defined as the hacking of a computer by a person or group of people over the Internet, causing a lot of damage, especially to devices and equipment that depend on the Internet; This leads to substantial financial losses. Therefore, it is very important to understand these attacks and try to overcome them.  In the oil sector, cyber-attacks can be scanned in three areas (upstream, midstream, and downstream).  This paper discusses how to secure cyber security for the oil sector by making plans for Internal and external cybersecurity by creating and securing separate loops by using blockchain technology and creating a smart contract for each loop to protect it information. As well as using the simulation and control system to increase the effectiveness of cyber security, and after this survey process. This paper aims to classify the cyber-attacks that affect the oil and gas sectors. Create a strong system against any type of cyber-attack, and thus provide higher protection for oil and gas companies and equipment through the work of special programs to protect systems and equipment from hacking.