Seeking to address the Catch-22 that operators and service providers face – the need for new labor-saving technologies but lack of budget to fund such purchases – oilfield monitoring and optimization firm WellAware Inc. on Wednesday launched the WellAware Integrated Radio and Controller for Chemical Management.
Last year, the San Antonio-based firm launched its line of chemical management and chemical optimization products. The development of the integrated radio and controller, which is used in conjunction with WellAware’s network and chemical management software, is a critical final step in enabling exploration and production and chemical service companies to monitor and control production chemical injection through an affordable, subscription-based platform, the company said in a June 29 press statement.
Production chemicals, along with labor and utilities, are the top three operating expenses that oil and gas companies face. The management of chemicals typically requires workers to travel to well sites and manually monitor tank levels and injection rates. This results in high labor and transportation costs, as well as significantly increase downtime and safety risks when problems arise between visits, WellAware stated in the release.
WellAware’s Integrated Radio and Controller for Chemical Management eliminates the up-front cost barrier that prevents operators and service providers from streamlining their chemical management processes, said David Milam, executive vice president for product management and marketing for WellAware, in the press release.
The WellAware Chemical Management solution benefits both upstream and midstream chemical service providers and operators, Milam told Rigzone in an email statement. Chemical service providers typically save between 50 and 60 percent of their labor and transportation costs, while operators are able to reduce their chemical usage by 20 to 30 percent as well as eliminate equipment downtime due to incorrect treatment rates.
The integrated radio and controller provides a complete full-stack solution compatible with RPMA [random phase multiple access] technology, cellular and satellite networks that allow operators and chemical service providers to monitor and control chemical injection rates from a web and mobile-based software platform, WellAware said.
Cellular networks are built where the largest populations exist, so good coverage exists in cities and along highways, but this is the opposite of where most oil fields are located. Satellite coverage is available anywhere, but is very expensive and cost-prohibitive in most instances, Milam explained.
“That is why WellAware built its RPMA networks over oil shale to provide 100 percent coverage at the lowest possible cost,” Milam stated.
WellAware also announced the formation of a chemical monitoring solutions partnership with TXAM Pumps. Through this partnership, WellAware will bring real-time monitoring and control to TXAM’s line of chemical pumps.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you