Oil & Gas Sector Business Case
NonStop Suite Supports Oil & Gas-Based Organizations.
OIL & GAS SECTOR
Oil & Gas Companies Rely On Excellent Asset Management
NonStop Suite™️ provides organizations with a suite of solutions to identify and track assets in real time. Especially in the Oil & Gas sector, organizations need a comprehensive solution to track their most important assets, at all times.
Key Challenges
- They are manually tracking all assets
Unreliable data for the highest levels of safety and accuracy was missing - Elements such as water, steel, and temperatures were causing issues with recording data
- Unsafe level for employees that had to climb to higher heights to check the current paper tag
- The saltwater and metal made the current tag hard to read and at times and often detached from the equipment
- Overall lack of asset visibility
- Time-consuming labor-intensive manual processes of recording assets and their locations were costing them hundreds of thousands if not millions of dollars annually.
- Lack of inventory management
Improvements Measured
- They can accurately track the location of valuable assets, saving money, and improving control of certificates for better insurance reporting
- The remote identification system protects the health and safety of the operator’s remote identification of assets
- Because the tags work on metal and plastic, they were able to tag items like floaters, buoys, cranes, pipes, drilling equipment, and vessels. Operators are also able to program and attach new tags on the spot.
- Reduced downtime by 22%
- Lowered operational accidents by 76%
- Time saved by replacing their manual process 67%
- Saved thousands if not millions of dollars
- Complete inventory management control and visibility
TAKE THE NEXT STEP IN THE RIGHT DIRECTION
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