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By Rich Handley

Weir Oil & Gas Launches RFID-based Asset-Management System

Weir Oil & Gas, an upstream provider of pressure pumping and pressure control equipment and services, has announced the launch of a technology that brings greater visibility and functionality to the way in which service companies manage iron assets from the field. The firm has developed a mobile application for iPhone and Android devices, designed to provide the benefits of the previously launched SPM Asset Management Program (AMP) directly to the field.

"Technology has reshaped our industry in a number of ways over the last ten years, but one basic issue that has continued to burden service companies is pinpointing exactly where all of their iron is located," said Chris Hibbert, Weir's pressure pumping VP of sales and service. "We set out to not only help them answer that question, but to go a step further in providing a comprehensive history and insight into asset integrity and performance."

Weir leverages RFID technology to register each asset by serial number within seconds. Through this technology alone, a spread of iron can be accounted for within minutes versus hours, when compared to the manual process of counting and logging serial numbers by hand. In addition to the substantial time savings, this approach also reduces human error by automating the inventory process.

According to Weir, a customer utilizing the app witnessed a 79 percent reduction in the amount of time required for workers to inventory a fleet of iron assets. On top of reducing labor expense, the inventory of roughly 900 pieces of iron was recorded at serial number level detail, whereas it was previously recorded by product type only.

With SPM AMP and the newly launched mobile app, users can assign assets by crew or unit, as well as view Weir inspection certificates, so asset managers know the status of each piece of iron and its location within a fleet in real time. These gains in efficiency and accuracy provide asset visibility, the company explains, which can translate to improved safety in the field.

Businesses required to show inspection certificates on a jobsite can now access them via the Weir app and email them to any exploration and production company representative, as needed. This, Weir explains, eliminates the time-consuming task of searching stacks of paper for certificates, and thereby allows operators to focus on productivity.

Weir Oil & Gas has placed RFID tags on all iron leaving its factory, dating back to 2015. A a result, Weir can provide value-added services that can be expanded in the future. The company also has the ability to retrofit older or competing iron on behalf of its customers.

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