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As owner-operators, independent E&P players, drilling contractors, oilfield service suppliers and other industry stakeholders struggle with operating in today's low oil price environment, the need to maintain or even increase production remains paramount as does the need to operate safely with minimal environmental and public safety impact.
The old adage of "necessity is the mother of all invention" holds true as more companies are seeking to partner to develop best in class solutions that bring real business value today to struggling upstream operators. One such example is the recent partnership between Bit Stew Systems, a leader in Software Defined Operations for the Industrial Internet of Things, and RoviSys Corporation, a leading provider of automation and industrial control system integration for the Oil and Gas industry. The new partnership is designed to bring the power of Bit Stew's MIx Core™ platform and MIx Director™ application (formerly Grid Director) to the upstream and midstream oil and gas markets.
RoviSys offers extensive industry experience integrating process automation and information solutions for upstream, midstream and downstream applications. Bit Stew's MIx Core is a platform well suited for industrial enterprises seeking a comprehensive way to integrate, visualize, and gain intelligence from their disparate data sources. MIx Director, powered by MIx Core, is an application industrial companies use to provide actionable insights into their operations, assets and customers. With this partnership, RoviSys and Bit Stew will enable customers to protect the integrity of their assets on the pipeline by detecting geographically, major risks such as leaks, power loss, environmental impacts and other hazards.
The topic of petro-technical data integration (PTDI) which ARC has been covering over the last couple of years is a critical objective, some deem it the "Holy Grail", in which disparate operational data types within various upstream, midstream and downstream operations are successfully integrated in such a manner as to empower real-time collaboration amongst various operational groups (i.e. seismic, drilling, production, etc.) thereby increasing productivity, improving collaboration, and optimizing production, among many other benefits. ARC is a firm believer that IIoT will be a key enabler for the oil & gas industry to more fully benefit from technology across the entire value chain.
Posted in IIoT and I4.0 Viewpoints