Our industry has a rich history of technological innovation and creativity. Horizontal and directional drilling, fracking and completion technique advancements, and seismic imaging capabilities are just a few of the many ways the oil and gas industry has continually reinvented itself since its inception over a century ago. That innovation, while highly dependent on the price of West Texas Intermediate (WTI) or Brent Crude Oil on a given day, marches on despite the recent cycle the industry is experiencing.
That fact was apparent at the Offshore Technology Conference (OTC) last week where almost 100,000 people attended four days of technical, social and educational sessions in Houston, Texas. The attendance was the sixth largest in the history of the event, and it is testament to the crucial role that technology continues to play in all segments of the industry.
Long focused on the optimization of the downhole processes that drive success, the events of the past six months have made it imperative to drive operational efficiencies and reduce costs of operations on the surface as well. Every operator, and their suppliers, are now compelled to squeeze every operational efficiency and cost reduction out of their operations, and in many case technology is the key to success. Geoforce is the platform that enables these efficiencies in the supply chain that is crucial worldwide.
At OTC, attendees saw the latest version of Geoforce Track and Trace and the world’s only ATEX-certified Zone 0 GPS tracker, the GT1. Many of our customers rely on the device, our award-winning application and the support structure of our team to drive the cost savings and operational efficiencies that their customers demand.
The capabilities these systems bring are not lost on the major operators at the heart of every project as most now have a requirement in some form for GPS tracking of their owned and rented assets. Geoforce provides the technology to support this requirement, and continues to enhance its capabilities based on what our customers need.
Like the industry we support, and those in Houston last week learning about the technology that supports it, Geoforce continues to develop and support the cutting edge technology that is the foundation of the largest network of connected oilfield equipment in the world—regardless of what the price of oil might be.