Digital Oil Field Technology Brings Well Sites Online
Software company mCloud has brought the first wave of U.S. well sites online with its AssetCare Digital Oilfield, designed for monitoring and optimization.
These wells are only expected to be the beginning, with mCloud anticipating to connect at least 500 well sites by the end of the year, and more than 3,000 by 2023.
The group’s AssetCare Digital Oilfield was designed to help oil and gas operations increase efficiency and cut down on unnecessary waste. The platform uses IoT sensors and cloud-based AI to gather data from connected assets into the cloud, automating production management and offering real-time operations monitoring allowing customers to access predictive maintenance capabilities and optimize performance.
Vincent Higgins, mCloud’s president, oil and gas digitization said the company plans to connect its first 500 wells in 2022 with plans to connect 3,000 more by the end of 2023.
mCloud also showcased its AssetCare Mobile solution at the IQPC Oil and Gas Connected Worker Summit in May. The pocket-sized wearable keeps workers connected and allows them to digitize workflows and access information on well sites.