Industrial Internet of Things solution drives down operating costs, minimizes downtime for oil and gas operators and chemical service providers
LAFAYETTE, LA – Oct. 24, 2017 – WellAware, the oil and gas industry’s only full-stack solution for oilfield monitoring and optimization, and CheckPoint Pumps & Systems (CheckPoint), a leading provider of chemical injection solutions, announced today a product partnership to offer complete pump rate monitoring and control for CheckPoint’s full line of pumps.
“Production chemical costs are among the top three operating expenses for oil and gas operators, yet are often one of the most difficult to control due to the remote nature of the assets and the lack of transparency between operators and chemical service providers,” said Dave Milam, Chief Product Officer for WellAware. “Through this new partnership between WellAware and CheckPoint Pumps & Systems, CheckPoint customers can significantly reduce operating costs and downtime by remotely monitoring and controlling pump rates.”
In the oil and gas industry, chemical injection pump rates are frequently inaccurate due to unreliable power systems, inconsistent field calibrations, and changes in well production. Monitoring chemical tank levels and pump calibration often involves driving routes and significant “windshield time” – physically visiting the well site and manually adjusting pump rates – resulting in increased labor and transportation expenses. These adjustments are static, preventing the identification of discrepancies on a real-time, continual basis.
CheckPoint now offers remote pump rate monitoring and control, powered by WellAware, for its complete line of pumps. Through this Industrial Internet of Things solution, CheckPoint customers can remotely monitor tank levels and pump rates from their web browser or WellAware’s native iOS and Android application. Configurable alarms identify issues that occur, enabling technicians to manage by exception and prioritize their time where it is needed most. Role-based dashboards and custom reports allow users to monitor usage and correlate chemical injection rates with production rates, and all data can be integrated into the operators’ SCADA and historian systems for future analysis.
Pump rates can be controlled via three different modes: target volume, proportional control (based on inputs such as pipeline flow meters or H2S analyzers), and closed loop control, which utilizes a chemical flow meter to directly measure injection volume.
CheckPoint’s variable speed pumps help to reduce operating costs and improve production levels with continuous injection. Unlike single-speed or timed pump solutions, variable speed pumps run continuously at an even rate of speed to achieve a target flow rate and offer infinite adjustment throughout the full range of the pump. More precise chemical injection results in significant reductions in production fluctuation and an increase in average production.
Scott Fairley, President of CheckPoint Pump Systems, emphasized the significance of the partnership: “As the oil and gas industry begins to recover from the recent downturn, operators need reliable, technology-driven solutions, which drive leaner operations and leverage resources more intelligently. We’re proud to partner with WellAware to offer an even greater degree of cost reduction and asset optimization to CheckPoint Pumps & Systems customers.”
WellAware®, a data analytics company for the oilfield, enables upstream, midstream, and chemical service companies to reduce operating expenses, minimize downtime and ensure safety and regulatory compliance. Our full-stack solution provides reliable data collection, exception-based monitoring, and actionable analytics. Based in San Antonio, Texas, the company has secured $61 million in investment funding and built a world-class team of management and advisors from the oil industry. To learn more about WellAware, please visit www.wellaware.us.
About CheckPoint Pumps & Systems
CheckPoint® is a leading provider of chemical injection solutions that designs, manufactures, and markets the world’s most reliable chemical injection pumps and pump packages, control panels, pressure test systems, process components, and green energy solutions. Since its inception in 1993, CheckPoint has expanded its products and operations globally. A wide geographical footprint paired with streamlined operations allows CheckPoint to facilitate the needs of the world’s largest industrial clients while maintaining attentive service qualities offered by smaller companies. CheckPoint is committed to safety, environmental and quality assurance. CheckPoint is ISO 9001:2008 certified and is a Member Contractor of ISNetworld®, and its products are compliant with ATEX, NEMA, API 674/675, and NACE MR0175 standards.