When professionals think of GPS asset trackers, they usually only see a fraction of the technology’s value offerings.
Sure, businesses can proactively prevent theft and locate their industrial equipment with trackers, but that’s just the tip of the iceberg. There’s so much more these devices have to offer.
Finding additional uses for your asset trackers can help your oil and gas business gain even more value from them, whether you operate in the downstream, midstream and/or upstream segment. Beyond their more straightforward applications, you can also use asset intelligence solutions to maximize your equipment’s productivity.
Case Study with Compact Compression
Maximized productivity is exactly what Geoforce helped Compact Compression achieve.
But it wasn’t always smooth sailing for the oil field equipment supplier. Years ago, a dwindling market for their wellhead gas compression systems pushed Compact Compression to pivot and explore innovative ways to remain not only relevant but competitive.
Committed to serving their customers, Compact Compression investigated why demand for casing gas compressors was shrinking to drive product improvements. They identified the culprits as the machines’ need for intensive maintenance and their susceptibility to frequent breakdowns. Compact Compression coupled a fit-for-purpose equipment design with remote tracking and monitoring technology to solve these issues and expand the market for their products and services, thus introducing their groundbreaking HCG Compressor.
Geoforce entered the picture by providing Compact Compression with the remote tracking and monitoring technology their pivot called for.
We developed an industry-first system on our software platform to remotely track compressor performance and aggregate hundreds of operational data points. The system’s API-powered dashboards even display an array of data on equipment utilization and performance, in real time.
With Compact Compression’s newfound asset visibility, their technicians can consult a digital map that shows units in distress, along with their location data and indications of potentially required repairs. Geoforce’s system also tracks performance patterns over time to proactively identify potential issues, helping technicians nip them in the bud.
After equipping the company with our hardware and software solutions, they’ve increased equipment uptime by 99.9%, tripled technician productivity and decreased technician travel time by 15%. Simply put, partnering with Geoforce has empowered Compact Compression to optimize their workflows and capitalize on the current market.
Read Compact Compression’s full case study here and access more of our customer success stories here.
How Your Oil & Gas Business Can Benefit
Compact Compression’s success isn’t an industry anomaly. Equipping your oil and gas company with the right asset intelligence solutions can help you realize cost savings through utilization improvements.
By working with a partner like Geoforce, your business can:
- Reduce equipment downtime and minimize idle time
- Boost productivity, ultimately lowering labor costs
- Decrease travel time, cutting fuel and transportation expenses
- Enhance operational efficiency and productivity
- Increase environmental responsibility and reportable green initiatives
How’s that for a return on investment?
Start Getting Even More Results with Geoforce
With a partner like Geoforce, your oil and gas business can gain much more than an asset tracking solution. Finding additional uses for your technology investment will get you even more results and an exceptional ROI.
Our track record of helping rugged businesses optimize their processes speaks for itself. Explore how your business can benefit from our solutions. Get a quote today.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by budgetbuddy.
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