New Solution from Space Time Insight Helps Oil and Gas Companies
Get Every Drop of Value from Each Asset
Released
on: September 16, 2009, 5:25 am
Author: Space
Time Insight
Industry: Energy
Space
Time Insight's new geospatial composite solution for the oil and
gas industry is purpose-built to help oil and gas executives and
operations teams to get every drop of value from each asset, as
well as improve leak monitoring, proactive pipeline maintenance,
and proactive crisis mitigation.
September
16, 2009, Fremont, California - Oil & gas companies have mobile
and stationary assets distributed across thousands of square miles
– and have immense volumes of with data on every aspect
of their business growing by the hour. Composite applications
from Space-Time Insight (www.spacetimeinsight.com)
leverage oil and gas companies’ prior investments in technology
to deliver real-time, comprehensive situational awareness all
on one screen - and the ability to take action from the same screen.
This helps oil and gas companies realize their vision of managing
operations in real-time and on-demand. Oil and gas companies that
do manage their operations in real-time and on demand can dramatically
increase field productivity, decrease operating costs, and increase
average production rates.
Space-Time
Insight CEO, Mark L. Feldman, PhD, predicts, “Using geospatial
composites from Space-Time Insight, oil and gas companies will
be able to realize the same dramatic benefits our customers in
other industries have already experienced: improved asset performance,
reduced costs, and decreased downtime, increased profit margins
and the ability to prevent crises from turning into catastrophes.”
The
Space-Time Insight solution for the oil and gas industry is available
now and includes the Space-Time Asset Composite and Space-Time
Crisis Composite, tailored for the oil & gas industry.
For
more information on the solution, to see a recorded product demonstration,
or read a white paper about how Space-Time Insight delivers benefits
to the oil & gas industry, visit www.spacetimeinsight.com.
Space-Time
Insight composite applications for the oil and gas industry automatically
integrate features and data from geographic information systems
(GIS), real-time weather, data feeds, real-time environmental
and equipment sensor data feeds, and data from enterprise systems
for asset management (EAM), production forecasting, field engineer
scheduling and dispatch, cost analysis, environmental, health,
and safety (EHS), and compliance, and inventory systems. Composite
features include visual environmental impact indexing and features
enabling condition-based and proactive maintenance. Benefits include
the ability to prevent minimize downtime, prevent or proactively
mitigate leaks and spills, and increase production rates through
improved asset performance.
About
Space-Time Insight:
Space-Time Insight products deliver intuitive, geospatial-temporal
visualizations, contextual real-time analytics, condition-based
alerts, remedial action schemes,and workflow links that enable
accelerated, geo-aware responses – from a single screen.
The Space-Time Awareness Suite aggregates and correlates data
and functionality from multiple sources including streaming data
from environmental and equipment sensors and real-time weather
feeds, as well as data from enterprise systems. Visual analytics
are displayed on satellite images to deliver full context, actionable
information with links to background work processes for timely
action, audit trails and regulatory compliance. Space-Time Insight
products additionally provide simulation capabilities for what-if
scenarios and full-context historical playback for audit, forensics,
problem-solving and planning. Space-Time Insight software was
designed primarily for customers in the energy utilities (transmission,
distribution, and generation), water and natural gas utilities,
railroad, chemicals, and oil & gas industries. Space-Time
Insight is headquartered in Fremont, California and has sales
offices throughout the United States. The company has regional
headquarters in Hong Kong and India and a sales office in South
Korea. Space-Time Insight customers include San Diego Gas &
Electric, California ISO, Florida Power & Light, and Entergy.
For more information, visit www.spacetimeinsight.com.
Contact:
Margot Siek, Director of Marketing
Space-Time Insight
510.897.6763
http://www.spacetimeinsight.com
###
2022
