Wood Group extends digital solutions pact
- Business & Finance
UK energy services company Wood Group has signed an extension to its collaborative agreement with Canadian technology company Librestream Technologies to continue its industry partnership providing digitally-enabled solutions for oil and gas customers.
The agreement, initially signed in November 2015, has been extended for a further 12 months and combines Wood Group’s industry domain knowledge with Librestream’s real-time mobile video collaboration digital technology.
Wood Group explained in a press release on Monday that, under the agreement, the two companies have developed a growing suite of solutions for delivery excellence from desktop to worksite.
One such solution is Wood Group’s eXpert technology which has been successfully deployed on behalf of major operators on work sites in the UK, US, Canada and Middle East in the last six months. This technology connects specialists based onshore directly with the remote worksite, via real-time audio and visual display, to review issues and collaborate on a resolution.
According to the company, the solution not only reduces time for problem solving and resulting implementation, but saves on costs associated with mobilization and shutdown, at offshore and remote locations.
Steve Wayman, executive president, strategy and development at Wood Group, comments: “We believe innovation is the gateway to increased performance, economic recovery and growth in the oil and gas industry.
“By investing in leading-edge digital solutions for the oil and gas market and leveraging our partner Librestream’s technology portfolio, we are enhancing our service offering and delivering more efficient solutions to clients from desktop to worksite.
“Our eWorking program is already proving that it enables a step change in our performance, enhancing expert communication with remote, hostile and often hazardous worksites.”
Kerry Thacher, chief executive and founder of Librestream, which is headquartered in Winnipeg, Canada, said: “Empowering workers with digital tools designed for rapid response in rugged field environments is our key mission. Combining Wood Group’s industry expertise with our technology delivers high productivity gains for remote workers.”