San Antonio-based WellAware, provider of oilfield communications and monitoring-as-a-service has announced new solutions for oilfield chemical management and optimization, targeting operators and chemical service providers. WellAware’s solution replaces traditional manual monitoring of chemical tanks and pumps with a fully automated, telemetry-based solution. End users monitor and control tanks and other assets from Apple iPhone, Android or Windows endpoints.
WellAware CEO Matt Harrison said, ‘Chemicals are one of an operator’s main expenses. There is a huge opportunity to increase production and reduce operating costs with optimized chemical management. For example, low injection of paraffin inhibitors or H2S scavengers can increase required well remediation treatments and shut-ins, preventing operators from hitting targets. We provide reliable data collection, exception-based monitoring and control, and actionable analytics from our heterogeneous communications network.’
WellAware also recently announced that it has received an additional $16 million in funding from Mitsui and Genscape, adding to its $45 million war chest. The monies will be used to expand operations and on oilfield analytics product development. Other investors include Activant, Carlos Slim, Ed Whitacre and Dick Cheney. WellAware was founded in 2013 (OITJ October 2013) More from WellAware.
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