Oil & Gas
For the oil & gas industry, RFID technology can play an important role in increasing operational and production efficiency, reducing costs and improving safety. The tracking of tagged people and objects coupled with the ability of the RFID tags to withstand harsh conditions make the technology suitable throughout the oil & gas supply chain. Applications of RFID in the oil & gas sector range from exploration and production over the entire crude supply network, refining process and transportation and distribution network to personnel management. TagStone can design tailored RFID technology solutions that enable you to gain insights into operational and production processes in order to make knowledgeable decisions in managing every aspect of your business.
The major challenges facing the Oil & Gas industry can be summarized as follows:
- Reduced Productivity from workers spend a lot of time tracking missing equipment
- Repeated Production Downtime from longer response times, parts failures, and outages Sub-Optimal Production due to manual inspection of parts and assets breaking down
- Decrease in Asset Utilization from asset and part invisibility, leading to over stocking and higher inventory
- Regulatory Non-Compliance leading to increased fines and increased worker danger
TagStone's Oil & Gas offering impacts the majority of the Oil & Gas supply chain. The solutions are relevant for upstream facilities such as Oil & Gas exploration and production facilities, through the midstream processes (crude transportation and refining), downstream to the product transportation and storage processes.
TagStone’s Safety and Security and Asset Maintenance solutions are built for hazardous environments. All hardware is ATEX certified for use on oil platforms, both onshore and offshore. The Safety and Security and Asset Maintenance solutions are both logically and physically separate. This separation is important because safety and security applications are life critical applications.