Merrick Systems Signs Partnership Agreement with Cognex

Merrick Systems announced a new partnership agreement with Cognex, provider of industrial ID readers. Under this agreement, Merrick serves as a Partner System Integrator (PSI) for Cognex, incorporating the Cognex DataMan ID products into its own RFID-Based technology solutions for asset tracking in oil and gas operations.

            Launched in 2007, Merrick’s ruggedized RFID-based asset tracking solution includes the RFID Diamond Tags, along with DynaCap2 software and its different modules, to track high value oil and gas assets in downhole, subsea and surface operations. Combined with DynaCap2 or any in-house asset management system, the Diamond Tags allow immediate operational access to asset use and inspection history, physical properties, preventative maintenance schedules and any information desired about an asset. Designed to track downhole drilling components, Merrick’s Diamond Tags can withstand extreme conditions typical of drilling environments, including high temperatures and high pressures, and are certified for Class 1, Div 1 or Zone 1 use.

            Cognex’s DataMan readers complement Merrick’s RFID Diamond Tags by adding Direct Product Marking (DPM) technologies, such as Data Matrix 2D barcodes, for tracking assets and processes in extremely harsh oil and gas manufacturing environments.  Cognex image handheld and fixed readers allow Merrick’s clients to track work cell activities and product location during the manufacturing processes. Data Matrix 2D codes are scanned and decoded using DataMan readers. The data are then processed by Merrick’s DynaCap2 software to track the total lifecycle traceability of raw materials and assembly steps for finished goods.

            “Adding Cognex’s award winning DataMan industrial ID family of products to our asset tracking solution allows Merrick to expand the capabilities of our system and serve a wider audience of users with varied needs. Cognex’s ID readers meet the highest quality standards and are a natural addition to Merrick’s asset tracking system, which pioneered the use of RFID technology in the harsh environments of oil and gas drilling and subsea operations,” stated Kemal Farid, CEO of Merrick Systems.

www.MerrickSystems.com

April 26, 2010 at 9:34 am Leave a comment

Ingrain Launches High-Definition Core Imaging and Logging

Ingrain, the digital rock physics company, introduced CoreHD®, its breakthrough technology platform for 3D high-definition imaging of whole core from oil and gas wells. Ingrain’s CoreHD technology has significantly advanced the oil and gas industry’s ability to use CT scanners to image and analyze core.

            “CoreHD gives geoscientists high-definition 3D visibility into their reservoirs at the wellbore scale,” said Henrique Tono, Ingrain’s CEO. “CoreHD is a major advance over the imaging that traditional core analysis labs provide. As the industry moves into complex rocks like oil shales, 3D high-definition whole core imaging is becoming an essential tool for geological core description, rock properties analysis and reservoir modeling.”

            Combined with Ingrain’s proprietary image processing capabilities, the company offers the CoreHD Suite, including the Continuous Core Viewer, the CT Borehole Image, and the CT Density and Atomic Number Log. The Continuous Core Viewer shows over 1,500 digital cross-sections per meter of core. The CT Borehole Image is similar to the kind of wellbore image that can be obtained from wireline logging. The specialized CoreHD image acquisition allows Ingrain to compute a Density and Atomic Number log.

            When used on the entire whole core from a well, the CoreHD Suite can be used to characterize rock types and flow units. This enables fast, accurate optimization of the number and location of core plugs for advanced rock properties analysis. Once the core plugs are selected, Ingrain can quickly image and compute accurate basic and advanced rock properties using its proprietary technologies for scanning, image processing and high performance computing.

            Ingrain’s CoreHD technology is being used at Ingrain’s digital rock physics labs in Houston and Abu Dhabi. Ingrain also has regional offices in Calgary and Rio de Janeiro and plans to expand its operations to the Middle East during 2010.

www.ingrainrocks.com

April 26, 2010 at 9:31 am Leave a comment

Invensys Software Improves Well Field Performance

Invensys Operations Management announced the release of its Well Field Application, a software suite that monitors, manages and enhances the performance of oil and gas well fields in real time. Built on the company’s Wonderware® System Platform and InTouchTM human machine interface solutions, the software provides reports, alarms, call outs, data storage and process data management on all well field assets. Its management capabilities are driven by a real-time overview of the entire field, supported by functions that look deep into the operations of each well to extract detailed production information. That information can be used to create reports, alarms and graphics that call attention to underperforming assets. These reports and alarms can then be sorted by asset, route, operator or foreman and accessed via the Web, viewed on handheld devices and sent via email or text message, helping to eliminate delays and reduce maintenance costs. Additionally, any process variable, such as flow rate, pressure and volume, can be compared and measured to help identify assets that are performing below expectations.

            “The Invensys Well Field Application provides operators and enterprise managers with a single point from where they can see and measure the operation of their well field, helping them to achieve productivity excellence. By combining our extensive experience in oil and gas operations with our proven supervisory control and data acquisition products, Invensys is able to offer a unique integrated, comprehensive real-time solution,” said John Gilmore, Jr., Director of Upstream Oil & Gas, Invensys Operations Management. “This product enables our oil and gas customers to work smarter by pulling together, into one operations management package, real-time information from existing networks, both hardware and software, to improve the overall productivity of their operations.”

            The application is data driven and further extends Invensys Operations Management’s open Wonderware System Platform, which means that users can easily configure assets, wells, operator responsibilities and similar data themselves, saving engineering and programming costs. Operators can quickly add hundreds of wells at a time to the configuration, and the solution contains proven templates to integrate many real-time automation and information systems, as well as any control and data-acquisition hardware. This is particularly valuable for maturing well fields that are operating with multiple generations of automation equipment.

            In addition to managing the physical assets of the field, the Invensys Well Field Application provides tools for improving human resources functions. Best practices and training methods can be identified and developed using summaries and comparisons that can be organized by area, team, lift type or custom group. Training of new operators is also made easier because of how the system logically organizes and presents information.

www.invensys.com

April 26, 2010 at 9:28 am Leave a comment

ITF to Fund New Drilling and Completion Technologies

ITF, the global oil Industry Technology Facilitator, is calling on drilling and completions technology experts from industry, research and academia to identify the key technology drivers that will lead to increased drilling efficiency and optimized recovery at two upcoming workshops. The Technology Challenge Workshops (TCWs) are being held on May 26 (Drilling Efficiency) and May 27 (Completions Technology), 2010, at the Hilton Post Oak Hotel, Houston, Texas. 

            The TCWs will result in a Call for Proposals with up to 100% funding available for projects that will increase efficiency, optimize recovery and lower costs through improved drilling efficiency and innovative completions technologies.

            Neil Poxon, ITF managing director said:  “ITF’s major operator and service company membership has identified drilling and completions technologies as two areas that can deliver significant long-term efficiency, hydrocarbon recovery and cost benefits to the industry. The workshops will provide a forum for experts from the operating and service companies, independent technology developers, academia and research organizations to debate the needs of the industry and kick off the process of finding and funding solutions that will effect tangible technical and economic improvements.

            “As oil and gas exploration moves into increasingly challenging environments, drilling costs are the biggest single item of expenditure. ITF members are keen to develop fit-for-purpose drilling techniques by exploring new methods of deployment with increased efficiency and ultimately lower cost and risk,” he added.

            Worldwide drilling and completions expenditure was estimated at more than $250 billion in 2008 by petroleum consultants at Spears and Associates. With rig costs estimated to comprise $92.5 billion (37%) of this total, improving drilling efficiency, technology and equipment reliability will have a impact on the bottom line. Completions technology challenges being discussed at the workshop will likely include optimizing lower completions, minimizing control lines, effective controls of several zones, maximizing recovery and autonomous data monitoring.

            Owned by 23 major operator and service companies, ITF is a champion for technology development. Working with technology developers and its members to identify exploration and production (E&P) technology needs, the not-for-profit organization supports the development and implementation of new technologies into the industry. Over the last 10 years, ITF has funded 142 joint industry projects (JIPs) with a funding value of approximately £42.6 million.

            For further information visit: www.oil-itf.com/index/event-diary or to register to attend either TCW contact: a.martin@oil-itf.com.

April 26, 2010 at 9:25 am Leave a comment

New Oil and Gas Compliance Software Company Launched

An experienced team of software developers for the oil and gas industry announced the launch of a new company called ComplyData LLC. The company develops industry-specific software-as-a-service (SaaS) applications to address employee and compliance management issues, including US Department of Transportation operator qualification and environmental, health and safety regulations.

ComplyData also announced the launch of its flagship product, the ComplyData Intelligent Portal™ (CDIP™), a subscription-based solution that allows oil and gas companies to organize compliance, safety and regulatory information easily and effectively. The Comply Data Intelligent Portal is a centralized, flexible and affordable alternative to manual processes and database-dependent systems.

“The oil and gas industry is heavily regulated, and the ever-changing regulatory requirements can be overwhelming,” said Darla Bell, managing director of oil and gas for ComplyData. “Regulators are requiring more communication and transparency between owner/operators and contractors, so we created the ComplyData Intelligent Portal to streamline the compliance process, allowing users to spend more time building their business and less time on paperwork or database systems that are difficult to use and in many cases create more work and inefficiencies.”

The ComplyData Intelligent Portal utilizes a next-generation user interface, giving customers access to multiple applications simultaneously. It also offers an easy-to-use method of communication and compliance management between companies.

“We have spent more than 12 months working with our Customer Advisory Council and beta users to make sure the ComplyData Intelligent Portal is as efficient and easy to use as humanly possible,” said Jim Wilmsen, managing director of technology for ComplyData. “What’s more, throughout our research and development cycle, we stressed affordability. Based on the tremendous feedback from our beta users, we think we’ve struck the right balance of performance and price.”

Through the use of its proprietary Industry Specific Applications (ISAs), ComplyData is able to meet the needs of any industry that demands fast information from multiple sources. While ComplyData’s first segment concentration is on oil and gas, the company plans to expand into other industries as it grows.

“We look forward to continuing the evolution of this product and an unlimited set of applications,” said Wilmsen.

www.complydata.com

April 14, 2010 at 11:45 pm Leave a comment

Savi Unveils RFID Solution to Improve Safety

Savi Technology, a division of Lockheed Martin, has released a new Radio Frequency Identification (RFID) application to improve safety. Savi’s SmartChain® solution can now be leveraged by the oil and gas industry to improve supply chain and work-related activities, reduce downtime, and provide a consolidated view of real-time data to make better decisions. 

The SmartChain release automates information on the status and integrity of assets and products as well as the safety of personnel throughout the oil and gas value chain, including exploration and production, refining and distribution operations. The announcement was made at the annual RFID Live! Conference in Orlando, Florida. “Real-Time visibility and management of equipment and personnel can minimize operational downtime and failures,” Savi’s Steven Clarke pointed out during his presentation in the Oil and Gas track. 

SmartChain is enterprise-level software that optimizes operational readiness, improves asset utilization and minimizes unplanned events by providing actionable information on the location and status of assets such as Cargo Carrying Units (CCUs), rail cars, tools and drill pipe. SmartChain also monitors the integrity of mission-critical equipment such as pipelines and the status of products and personnel in refineries. 

“Not having the right tool at an offshore platform or oil rig can actually shut down the whole process for a day or two, costing tens of millions of dollars,” said Dr. Ben Zoghi, an engineering professor at Texas A&M University and director of the RFID Oil and Gas Consortium. “RFID technology solutions can solve new challenges faced in the petroleum industry by helping companies more effectively utilize assets at a time of high oil demand worldwide and constrained capacities, as well as detect potential system failures and locate personnel in times of crisis.” 

“Already proven in the world’s largest and most complex supply chains, our SmartChain solution can revolutionize the efficiency and effectiveness of Oil and Gas operations by providing true end-to-end visibility,” said Savi CEO David Stephens. “SmartChain for the petroleum industry draws on two decades of experience providing complete wireless supply chain solutions, coupled with domain and technology expertise from our partners.” 

Stephens emphasized that the SmartChain solution also can be adapted and applied to the chemical, energy, utility, mining and defense supplier industries, all of which have related challenges around the management of assets, yard equipment, inventory, personnel and safety.

www.savi.com

April 14, 2010 at 11:42 pm Leave a comment

Fugro Selects Paradigm Software for Depth Imaging

E&P Software provider Paradigm announced that Fugro has selected Paradigm’s depth imaging technology to enhance productivity and accuracy across global operations. The announcement was made at the 2010 American Association of Petroleum Geologists (AAPG) Annual Convention and Exhibition in New Orleans.

“As an international company, our operations demand that software delivers precise results in a wide variety of geological environments,” said Andy Cowlard, Managing Director of Fugro Seismic Imaging. “We chose to deepen our commercial relationship with Paradigm because their tools provide the power and flexibility we require.”

The selected workflow is designed to provide geophysicists with a high-quality, globally deployable, depth imaging and interpretation solution, backed by Paradigm’s network of local support offices. The solution combines the imaging power of the Paradigm™ GeoDepth® pre-stack depth migration suite with the interpretation speed of the fast, true waveform event propagator.

“Fugro is a diverse company operating in every major region around the world,” said James Lamb, Paradigm’s Exec. VP for the Americas. “To support Fugro’s goals, we have delivered a comprehensive, universally applicable depth imaging solution that will cater to their current and future needs.”

www.pdgm.com

www.fugro.com

April 14, 2010 at 11:39 pm Leave a comment

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