SAN ANTONIO, Dec. 6, 2016 /PRNewswire/ -- WellAware, the oil
and gas industry's only full-stack platform for oilfield monitoring
and optimization, announced today the launch of the WellAware
Integrated Radio and Controller™ for oil and gas
producers as well as a global distribution collaboration with
Landmark, a Halliburton (NYSE: HAL) business line and a leading
provider of E&P 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 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.
Designed specifically for the oilfield, the Integrated Radio and
Controller has a Class 1, Division 2 rating to meet hazardous
location safety regulations and includes a "Store & Forward"
feature to prevent data loss in the event of network disconnection.
This Industrial Internet of Things platform is also available as
Data Collection as a Service. Through this combined hardware and
network offering, WellAware 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 Data
Collection as a Service within its DecisionSpace® Production 365
platform. First unveiled at LIFE2016, 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.
Nagaraj Srinivasan, senior vice
president of Landmark and Halliburton Digital Solutions, said: "Our
collaboration with WellAware extends Landmark's expertise and
digital leadership into the field all the way to the wells. 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 startup
costs."
For more information about Landmark's DecisionSpace® solutions,
go to www.landmark.solutions. For more information about WellAware,
go to www.wellaware.us.
About WellAware
WellAware, a data analytics company for the oilfield, enables
upstream, midstream, and chemical service companies to reduce
operating expenses, minimize downtime and ensure safety and
regulatory compliance. Our full-stack solution provides reliable
data collection, exception-based monitoring and actionable
analytics. Based in San Antonio,
the company has secured $61 million
in investment funding and built a world-class team of management
and advisors from the oil industry. To learn more about WellAware,
please visit www.wellaware.us.
CONTACT:
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Danielle
Urban
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Pierpont
Communications
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512-448-4950
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durban@piercom.com
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SOURCE WellAware