OI attributes its success to shifting its focus from offshore to
land-based and international operations, and positioning itself for
increasing adaptation of mobile technologies for real-time drilling
instrumentation.
The growth demonstrates Oilfield Instrumentation's ability to change and
adapt at a time when many companies in Texas and Louisiana have been
struggling due to the moratorium. OI's real-time instrumentation
software, multiple service centers and custom oilfield building
solutions are in high demand from companies like Apache, Baker Hughes,
Chevron, Hess, Marathon, Pioneer Natural Resources, and Schlumberger.
OI recently announced the promotion of 14-year Operations Vice President
Peyton Reddick to president, allowing Stuart to focus on leading OI's
strategic vision.
The company also is retiring its former logo and replacing it with a new
one that reflects its technological and communication advancements. New
signs are going up at all the OI locations and onto all its new red
18-wheelers and company vehicles. Its new website, at
www.oiusa.com , provides much more information about its buildings,
instrumentation software and services.
Harsh Environment Labs and Building Service Centers
A portion of OI's success is coming from its specialized building
offerings and turnkey field services to oil and gas exploration and
production companies.
As an example, in 2011, OI opened two new service centers in California
and Oklahoma at the request of its customers, bringing its total number
of locations to 10. The facilities are located so as to deliver both
transportation and daily maintenance services for its customized
buildings and real-time software for working rigs in the field.
In addition to its turnkey servicing, OI builds a variety of certified
buildings to its clients' specifications, both in size and interior
configuration, to withstand harsh environments while providing safety
and comfort to occupants. OI's goal is to help oilfield companies
increase and improve their production objectives by ensuring
comfortable, functional, and safe workplace structures for oilfield
crews.
"There's no greater vote of confidence than receiving special requests
from customers, whether it's for a new style of building to withstand
extreme temperatures or building a new services facility," Reddick said.
"We know we're doing something right when clients request our personnel
and services in several new basins in a short period of time."
Adapting to Needs for Mobility
Oil and gas E&P companies are constantly changing, adapting new technologies to the tasks at hand.
OI is keeping pace, enabling its popular web-based Rig Vision real-time
drilling software to deliver monitoring information directly to mobile
workforce smart phones with Rig Vision Mobile. With this new
application, users can see their drilling data remotely in real-time on
their smart phone or mobile device.
Rig Vision Mobile enhances Rig Vision's ability to show hole depth, bit
depth, gas, slips status, footage on bit, string speed, stand time, pump
pressures and numerous other important measures of drilling
performance. The software is very flexible, allowing users to monitor
numerous surface parameters, accept other service provider data, compare
one or more previous wells while customizing parameter colors, order of
displays, and final outputs, to spreadsheets or other data collection
warehouses.
"We first adopted Rig Vision for delivery across the Web, which has been
particularly useful to operators with numerous sites," Stuart said.
"Now with the advent of smart phones, we've empowered our mobile users
with Rig Vision Mobile so that strip charts, text screens and maps are
available 24/7/365 using iPhones, Android or Blackberry Touch mobile
devices. The industry can continue to expect this type of foresight and
technological adaptation from us. OI welcomes input and ideas from its
office and field engineer client base in order to improve the
functionality and flexibility of our operating system."
New President
Successful companies with long-term prospects for growth are those that
are able to transition from a founder's vision to the next generation of
leadership. As such, Stuart is empowering Reddick, a 14-year veteran of
the company, with new responsibilities as president. "Peyton has
demonstrated his dedication to Oilfield Instrumentation as a very
effective vice president of operations for both OI and its sister
company, Advanced Building Services," Stuart said. "I have every
confidence that Peyton has the type of business acumen and leadership
skills to position OI for even greater growth."
About Oilfield Instrumentation
Oilfield Instrumentation provides real-time drilling instrumentation,
gas detection, and customizable harsh environment labs and buildings to
the oil and gas industry. Launched in 1988, the company services
offshore and land-based drilling ventures. OI now operates service
centers in 10 cities across Texas, Louisiana, Oklahoma, Arkansas, North
Dakota and California, as well as ongoing projects in Australia and
Africa. OI technicians are Petroleum Education Council-certified and
offer superior service response time. Oilfield Instrumentation and its
sister company, Advanced Building Services, are enrolled in ISNetworld
safety management program and are privately owned and managed.
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