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 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 significantly reduce production costs, increase operating efficiencies and minimize asset downtime, yet is often too complex and cost prohibitive for remote fields due to network, infrastructure or budget constraints. Traditional cellular modems and 900 MHz networks are prone to outages, resulting in insufficient data availability that often leaves operators with incomplete or stranded data and limited ability to optimize operational procedures.
Landmark has formed a relationship with WellAware to offer Data Collection as a Service within its DecisionSpace Production 365 platform. First unveiled at LIFE 2016, the Internet of Things solution powered by WellAware offers Landmark customers a complete offering to collect production data from the field and integrate information into the DecisionSpace platform.