Award Finalist Session: Weatherford Reduces Carbon Footprint in the Oil Industry with RFID

By Mark Roberti

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Weatherford is one of the largest oilfield services companies providing technologies and services for formation evaluation, well construction, completion, stimulation and production. The firm has successfully developed an RFID enabled system that reduces the operational time to construct a well, thereby resulting in a large emissions savings. The process of drilling and completing a well is energy intensive and time is often wasted by moving components in and out of a well, resulting in cost, CO2 emissions and HSE (health, safety and environment) risks. In this session hear how Weatherford is successfully deploying the system for two customers in Nigeria and Malaysia and why the system is a unique and innovative use of RFID technology in the oil industry. This project is nominated for RFID Journal award in the category of Best RFID Implementation (Other Industry).

Key takeaways:

  • Gain an understanding of how the system resulted in a reduction of operating time of 60% when compared to a two-trip upper and lower completions process. In addition, the customer projects a total savings of approximately $200 million across the entire campaign of 22 wells.
  • Learn how Weatherford has used RFID to reduce the total cost of ownership for its customers, provided  efficient and flexible functionality, and reduced risk to the environment.

Speaker: Euan Murdoch, RFID Completions Product Line Manager, Weatherford