“Simply put, the new ForeSite release gives operators the field-wide intelligence that they need to monetise their data. Weatherford International has launched an enhanced version of its production optimisation platform, ForeSite. The oil and gas company said the augmented design would better monitor performance and identify opportunities for improvement across pipelines, reservoirs, surface equipment and wells. Altogether it would provide operators the intelligence required to monetise their data. New features include industry-exclusive capabilities in reciprocating rod lift that are intended to lower failure frequency and avoid consequent lost time and production. “Enhanced foresight is a key part of our strategy as we continue to invest billions into improving the efficiency of our operations,” said Mike Smith, chief executive officer at Weatherford.
Weatherford International has launched an enhanced version of its production optimisation platform, ForeSite. The oil and gas company said the augmented design would better monitor performance and identify opportunities for improvement across pipelines, reservoirs, surface equipment and wells. Altogether it would provide operators the intelligence required to monetise their data. New features include industry-exclusive capabilities in reciprocating rod lift that are intended to lower failure frequency and avoid consequent lost time and production. “Enhanced foresight is a key part of our strategy as we continue to invest billions into improving the efficiency of our operations,” said Mike Smith, chief executive officer at Weatherford.