WellAware integrates radio and controller for oilfield monitoring
December 20, 2016
Oilfield data analytics company WellAware has launched an integrated radio and controller for oil and gas producers as well as a global distribution collaboration with Landmark, a Halliburton business line and a provider of exploration and production software.
"In today's new norm of oil prices, oil and gas operators are more focused than ever before on streamlining operational costs and reducing downtime," said Matt Harrison, president and CEO for Texas-based WellAware. "Halliburton's scale and oilfield service expertise, when combined with WellAware's data collection platform, will help operators transform their business processes with real-time data."
The collection of real-time data from remote production sites can help oil and gas operators lower production costs, increase operating efficiencies and reduce asset downtime, yet is often too complex and cost prohibitive for remote fields due to network, infrastructure or budget constraints. Traditional cellular modems and 900MHz networks are prone to outages, resulting in insufficient data availability that often leaves operators with incomplete or stranded data and limited ability to optimise operational procedures.
Designed specifically for the oilfield, the integrated radio and controller has a class one, division two rating to meet hazardous location safety regulations and includes a store-and-forward feature to prevent data loss in the event of network disconnection. This industrial IoT platform is also available as data-collection-as-a-service (DCaaS). Through this combined hardware and network offering, WellAware says it has further driven down the cost of automation by offering an affordable, subscription-based model that eliminates the need for capital expenditures.
Landmark has formed a relationship with WellAware to offer DCaaS within its DecisionSpace Production 365 platform. The IoT system powered by WellAware provides a complete way to collect production data from the field and integrate information into the platform.
"Our collaboration with WellAware extends Landmark's expertise and digital leadership into the field all the way to the wells,” said Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions. “With simplified data accessibility and accuracy, operators can now make real-time, data driven decisions either autonomously at the edge, or in their offices with no capital outlay and no start-up costs."
Based in San Antonio, WellAware aims to enable upstream, midstream and chemical service companies to reduce operating expenses and downtime, and ensure safety and regulatory compliance. The company has secured $61m in investment funding.