Tendeka, an independent global completions service company, said July 15 it has joined the OSIsoft EcoSphere, a collection of more than 300 industrial leaders that provide products, applications, and services for the PI system.
The Aberdeen-headquartered company will provide downhole monitoring, analysis and modeling products to support customers in their digital transformation and integration strategies. These new data sources that Tendeka is enabling will bolster the value of the existing real-time information that oil and gas customers are currently storing in their PI Systems. The PI System enables customers to cleanse, analyze and visualize this data so they can discover actionable insights in real time.
“Today, oil and gas producers are being bombarded with an ever-increasing volume of digital data from fiber optic systems to IoT sensors and devices,” Andy Nelson, senior software engineer with Tendeka, said. “More of this information is being processed in the field as edge-analytics comes into play. In the downhole environment this edge decision making is affording the producers the ability to start optimizing their assets in a real-time manner.”
To help producers accomplish real-time optimization and production efficiency, Tendeka provides a family of industry-leading hardware and software solutions that include inflow control; monitoring; production analysis and modeling; in addition to cutting-edge downhole wireless communication.
The partnership will enable OSIsoft’s PI System customers, which include thousands of industrial and oil and gas producers worldwide, to deploy sophisticated solutions across their downhole operational environments and take advantage of constantly evolving digital oilfield technologies.
“We realise the incredible benefits that collaboration with agile, like-minded companies can bring to our customers’ growth ambitions and to our own business development. Integration with third-party systems, IoT devices and platforms like the OSIsoft PI System is integral to overcome the operational challenges faced in today’s industry and accelerate our software offering to solve future issues. This successful integration solution will reinforce producers’ investment strategies,” Annabel Green, CTO at Tendeka, said.
Terrence M. Pegula joins other NFL owners, most notably Dallas Cowboys owner Jerry Jones, in making large new investments during a stagnant time for the oil and gas industry.
Devon Energy’s Barnett Shale exit, a deal potentially worth up to $830 million, will now close at the beginning of October rather than the end of the year.
After years of hoping for oil prices to return to better days, the magical thinking by optimistic E&Ps is out, and private-equity firms are poised to pounce.