Weatherford licenses CygNet gas production Software

  • November 18, 2010
  • News
November 18, 2010 - Weatherford licensed CygNet’s Enterprise Operations Platform (EOP) and gas production applications. This enhances Weatherford’s strategy to provide a comprehensive set of tools for production control, monitoring, and analysis for the full spectrum of gas producers, regardless of size.The agreement provides Weatherford with the exclusive right to use CygNet’s software in a Software as a Service (SaaS) environment that will provide clients with access to CygNet EOP’s suite of production modules. Users of Weatherford’s gas production solution will be able to collect data from Weatherford’s plunger lift controllers, deliquification devices, rod pump controllers, and variable speed drives, in turn making the data available directly in the software or for further analysis within Weatherford’s LOWIS analysis and work-flow software.“This represents a significant addition to our deliquification capability,” remarks Dharmesh Mehta, Vice President of Artificial Lift Systems, Weatherford. Mehta continued, “We can now provide a complete solution for optimization to all the shale producers around the world as well as provide more extensive solutions to CygNet’s existing enterprise clients.” “This OEM agreement gives a broad range of producers access to CygNet’s industry-leading solutions in the gas production market,” commented Chris Smith, President and CEO of CygNet Software. “We are thrilled that through this partnership, producers of all sizes will have access to a comprehensive solution on which to optimize their production.” This hosted solution is available immediately through existing Weatherford sales channels.CygNet Software empowers leading oil and gas companies to increase their operational efficiency, market responsiveness, and regulatory compliance. CygNet’s Enterprise Operations Platform (EOP) provides a platform for collecting, managing and distributing massive amounts of real-time and historical data from field, production and business systems, giving users at all organizational levels the information they need to support daily operations and make informed strategic decisions. Over 100 customer installations, representing more than half of North America’s domestic gas production, are operating on CygNet today. Weatherford is a Swiss-based, multi-national oilfield service company. It is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry. Weatherford operates in over 100 countries and employs over 53,000 people worldwide. Learn More

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