|
|
| The oil and gas sector is heading into uncharted waters. The majority of oil reserves readily available on land have already been tapped and companies in the oil and gas industry are finding themselves heading into exploration of deep water and very remote areas of the Globe. Success hinges on timely and error-free delivery of product through a complex, high value supply chain, in this trillion dollar industry. |
| The use of RFID has crept into almost every sector of the oil and gas industry. RFID is beginning to be used in exploration and production, throughout the crude supply network, through the refining process, and is widely accepted in the transportation and distribution network and is becoming commonplace in the retail side of the business. RFID can help the Oil and Gas Companies to sustain and compete in this highly competitive and volatile market environment. |
| Tracking assets, Workers, Asset Maintenance histories and even the Production and Distribution of Product can become quite challenging when handled manually, RFID provides respite in all these areas of application. |
| RFID can help companies streamline business processes by |
 |
Increasing employee efficiency |
|
Increasing the automation of product movement and supply |
|
Ensuring optimal use of all assets |
|
Reducing inventory carrying costs |
|
Protecting against unplanned downtime |
|
Ensuring cost-effective regulatory compliance |
|
Improving employee safety |
|
| Some of the key applications for RFID in the oil and gas industry include |
|
Asset Tracking |
|
Equipment Maintenance and Tracking |
|
Personnel Tracking and Safety |
|
| The benefits of RFID in oil and gas Industry |
| Employees spend less time tracking down missing equipment, improving staff utilization |
| Improved production uptime |
| Faster response times to disasters, failures and outages minimizes downtime |
| Improved equipment maintenance and infrastructure |
| Prompt inspections and more informed, on-the-spot repair decisions keeps production running at peak performance — for peak volumes. |
| Increased asset utilization |
| Improvements in asset visibility and utilization reduce stocking inventory levels |
| The ability to quickly locate workers and instantly spot and respond to potential ‘man down’ situations helps better protect the safety and health of workers. |