Natural Gas Fracking

Indusrty: Oil and Gas

Fracking Co owns and operates a natural gas company, involved primarily in remote fracking operations. Fracking Co currently has operations all over the world and provides safe and reliable supplies of natural gas to the open market. Oil and gas supply the world’s 6.9 billion people with 60 percent of their daily energy needs. The other 40 percent comes from coal, nuclear and hydroelectric power, along with renewables like wind, solar and tidal power, and biomass products such as firewood.

 

Natural gas is one of the cleanest burning fossil fuels and has become relatively cheap. Fracking, also known as hydraulic fracturing, has gained popularity in the oil and gas industry as it helps to release natural resources from within shale oil and gas reserves all around the world.

Problem Statement

 

Fracking Co has several operations all around the world and required localized data collection on several drilling wells and associated equipment for their remote sites. A solution was developed with a direct opportunity to address a much larger market.

 

Specifics included the capture of standard signals from sensors and instrumentation affixed to valves, storage tanks and other process equipment.

Sensors collected data on various characteristics of the operation including:

With ever changing oil and gas compliance regulations from all levels of government, it is becoming ever so more important for companies to monitor all activities and record those activities with a historian. Officials now have the ability to search through digital records and validate full compliancy by an organization. Real time monitoring also ensures that maintenance personnel keep the system operating within strict regulations. Safety is of utmost importance wherever hazardous conditions are present. Monitoring platforms can be employed throughout the operation from gas monitoring, to ground movement data to enable control room operators to recognize possible contingencies before they cause injury or death. Energy is an area investigated for large cost savings. With the rising costs of energy it is important to streamline processes and pick up on problems before they end up costing large amounts of money. For example, several KPIs can be setup to track units of gas produced in comparison to megawatt hours of electricity consumed. Being able to measure and rank such parameters enables your team to actively monitor and increase efficiency. Customers can also realize enormous returns from each saved piece of equipment. Truck engines with low oil levels can warn drivers and supervisors that the truck needs servicing immediately to avoid catastrophic engine loss. Valves, pipes and other process equipment can automatically be isolated as soon as abnormal operating pressures, flow rates or other conditions are detected. With equipment costing millions of dollars, it doesn’t take long for the savings to add up.