Things are moving fast in the oilfield. Even in the midst of a downturn, automation continues to be a key investment because of the clear return it offers. The overall trend is clear—producers investing in field automation can count on a reduced cost per barrel through better maintenance prioritization and well optimization.
In the coming weeks we will be sharing some thoughts on the future in a four-part Oilfield Trends series. We start with a look at the influence of oil prices on Well Optix and the move to smaller projects with strong ROI. Next we dive into the value of trending pump, well and field data for better performance.
In our third article, we take a look at the great shift change and how Gen Z will impact the workplace. Finally, we look at Well Optix and the Internet of Things (IoT) where devices of all kinds are connected and coordinated. There will be 6 billion devices connected to the internet in the world by 2018 and sensors and controllers in the oilfield will be among them. Consolidating and presenting the data from these devices in support of good decision making is the challenge we all face.
Well Optix is ready for the future. Our investments in research and development are focused on delivering real value to our customers. Watch for breakthrough developments throughout 2016 and the years to come.