Oil & Gas

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QiO help a top 4 oil producer decrease pump downtime.

  • SUMMARY


    A top 4 Oil & Gas producer was looking for a software solution that could capture real-time data from mission critical oil pumps to improve reliability and ultimately, increase production.
  • CHALLENGE


    The client could not scale their existing legacy relational condition-based monitoring systems cost effectively to monitor the thousands of electrical downhole pumps they had in the field.
  • SOLUTION


    Foresight Engine™ was used to ingest tens of millions records, with ~950 analytic models. Predictive analytics were applied to determine ‘As Designed’ performance to ‘As Operated’ for temperature, bearing failure, pump malfunction, motor damage and motor leakage.
  • OUTCOMES


    In less than 3 months, the client recorded a 4x improvement in data processing times and a 45% reduction in IT cost. In addition, the predictive analytics helped to mitigate significant potential revenue losses from pump downtime.

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