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The oil and gas industry is facing numerous challenges today. Not only is the commodity price dependent on market demand and supply conditions, but several other factors, such as natural disasters and most recently, the pandemic of novel corona virus (COVID-19), have negatively impacted the future of the industry and immensely affected the economics of keeping the trade profitable. Most of the industry is still heavily dependent on manual labor, requiring competent personnel to run efficient operations. However, it is incredibly challenging to keep the profits afloat, especially during the global downturn impacted by COVID-19. The industry is also committing to transition towards clean energy while maintaining the highest safety and environmental protection benchmarks. How can this be achieved? How would the industry sustain itself and overcome the current challenges? The short answer is through digital systems transformation and implementation. With progressively more implementation and application of digitization in the oil and gas process and methodology, some of the difficult or undrillable wells are being drilled and completed while meeting the key performance indicators. As a result, productivity and profitability is preserved and accompanied by safer and flawless operational execution.
Over the last two decades, Frank’s International has focused heavily on reducing operational costs, maintaining safety standards, mitigating operational risks, and reducing personnel working in the red zone. Founded in 1938, Frank’s International is a global industry leader in highly engineered Well Construction and Well Intervention solutions. With the advancement of digital technologies, Frank’s primary focus is to preserve wellbore integrity and optimize the well construction process of the most complex wells through automation, controls, and reduced human intervention. The overall benefit of digitalization is duly witnessed when every segment in the oilfield is integrated in a single unified system. However, the adaption and engineered solution for such vision should be planned in a phased approach. In the Well Construction market, Frank’s vision of enabling tiered-based digital system and technology has already produced value-added features and benefits for operators and drilling contractors; therefore, delivering real results for the industry. These digitalized and automated systems provide multiple options to the industry for achieving goals and objectives for each well. Each tier has its own unique advantages and is dependent on customers’ needs. For example, in the tubular running and connection process, Frank’s International offers multiple solutions, where the basic level of digitalization is to facilitate human decision and dispose whether the connection is made correctly. The digital system creates a torque-turn graph for personnel to dispose the connection integrity instead of relying on rig equipment, which is historically equipped with analog system with high margins of error.The overall benefit of digitalization is duly witnessed when every segment in the oilfield is integrated in a single unified system
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