The company is also collaborating with CheckPoint Pumps & Systems on an IoT pump-monitoring system.
WellAware, the oil and gas industry’s only full-stack IoT (Internet of Things) solution for oilfield monitoring and optimization, today announced a collaboration with Amazon Web Services, Inc. (AWS) at AWS re:Invent 2017 in Las Vegas. The joint effort provides oil and gas operators and service providers with superior data security and reliability on WellAware’s industrial IoT platform, which helps them significantly reduce operating costs and asset downtime by automating and optimizing oilfield production.
“We’re excited to work with Amazon Web Services to offer our solutions with an even higher level of security and scalability,” said David Milam, Chief Product Officer for WellAware. “Together, we’re able to provide operators with a secure IoT solution that can be deployed within days – immediately helping to decrease operating expenses and downtime.”
Data security is a key business requirement for oil and gas. According to Deloitte, energy was the second-most prone industry to cyber attacks in 2016, with nearly three in four U.S. oil and gas companies reporting at least one cyber incident last year in their annual filings. At the same time, growing merger and acquisition (M&A) activity throughout the energy sector has increased the necessity for solutions that can be deployed rapidly and integrate with existing operational technologies to extend the value of previous IT investments.
WellAware’s full-stack IoT solution, which includes all the required hardware, network and software, provides reliable data collection, exception-based monitoring and actionable analytics. Built using AWS’ global cloud infrastructure, the platform keeps data safe, meets compliance requirements and scales quickly.
Rick Stember, Vice President of Development for WellAware, commented: “The oil and gas industry has entered an unprecedented era of consolidation and it’s critical that operators are able to respond quickly to changing business environments. Through our collaboration with Amazon Web Services, oil and gas companies can operate with more agility and rapidly scale their business to achieve an advantage in the marketplace.”