19-10-2016
Clariant announces VERITRAX™
Clariant, a world leader in specialty chemicals, delivers the efficiency benefits of the digitized world to oil and gas chemical operations with its VERITRAX™ intelligent chemical management system.
The VERITRAX solution offers oil and gas producers a pioneering, fully transparent, automatic chemical control, monitoring and ordering system that optimizes chemical management tasks and labor-intensive processes, resulting in a significant reduction in total operating costs. The unique support platform takes advantage of industry-leading automation and cloud-based technologies to optimize the chemical supply chain, ensure maximum production uptime, and provide producers with an unprecedented understanding and control of their chemical spend.
The offering, which can be fully integrated into existing production set-ups such as SCADA and DCS systems, provides a continuous real-time data flow that is delivered directly to a laptop or smartphone. It allows customers to monitor multiple data streams, such as well production and chemical injection rates, and to optimize inventory management, with new chemical deliveries coordinated automatically. Additionally, continuous system monitoring alerts the operator to potential problems, allowing rapid interventions to minimize production losses.
The VERITRAX system provides precise chemical pump control and data analysis to help ensure that the correct chemical is delivered at the wellsite, at optimized ppm level dosages, to achieve the desired results at the expected costs. The VERITRAX intelligent solution's online surveillance aligns production rate data streams with analytical results uploaded from the field or lab, allowing for trending analysis and the troubleshooting of problematic wells.
Jon Rogers, Global Head of Clariant Oil Services, comments: "The priorities for the oil and gas industry are risk management, production efficiency and cost optimization. Information technology is playing an increasingly important role for oil and gas companies as they look for ways to optimize all aspects of their operations. The VERITRAX technology can deliver both cost reduction and increases in operational efficiency to our business partners."
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
MOL inaugurates its polyol complex in Tiszaújváros
MOL's EUR 1.3 billion polyol complex in Tiszaújváros, boasting a capacity of around 200,000 tonnes of polyol per year, has been inaugurated. The ceremony, addressed ...
15-05-2024
-
NEXTCHEM completes the acquisition of GasConTec
Further to the announcement made on 4 March 2024, MAIRE announces that NEXTCHEM has finalized the acquisition of 100% of GasConTec GmbH, an innovative company specialized ...
15-05-2024
-
KBR awarded digital solutions contract by OCI
KBR announced today it has been awarded a contract by OCI Global to design and deploy its proprietary operator training simulator for OCI's 3,000 metric tonnes ...
13-05-2024
-
Worley awarded Bayou Bend CCS carbon capture and storage facility contract
We’ve been selected to design and evaluate CO2 gathering, handling and sequestration facilities located along the Gulf Coast in Southeast Texas. Bayou Bend ...
13-05-2024
-
Black & Veatch delivers feasibility study for Andes Energy LNG Terminal
Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification ...
09-05-2024
-
Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company ...
08-05-2024
-
Integrated Global Services recognized for role in mega turnaround
Integrated Global Services has been recognized as a major contributor to the successful Ras Tanura Refinery 2024 Mega Turnaround and Inspection for Saudi Arabian Energy ...
08-05-2024
-
Ebara Elliott Energy to provide compressor for SAF project in Thailand
Ebara Elliott Energy, formerly Elliott Group, announces it has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for ...
07-05-2024
-
ETH Zurich select hte to provide high throughput test system designed for CO2 electroreduction
hte – the high throughput experimentation company was awarded a contract by the technical university ETH Zurich to provide a high throughput test system designed for ...
07-05-2024