Faced with costly equipment downtime
Shale oil and gas have become an increasingly important energy source, especially in the United States. To extract shale oil and gas, specialized equipment that can withstand immense pressure is necessary to fracture rock miles below the surface of the earth; this process is called
hydraulic fracturing (also known as fracking). But to do this efficiently, users must be aware of when their equipment is due for maintenance. If the equipment stops working while in the well, millions of dollars are lost due to costly downtime and expensive logistics related to
delivering replacement equipment to the field.
Additionally, the market for oil and gas extraction equipment is highly competitive. Our client, a major oilfield service company, needed a way to make their product stand out to increase equipment sales. To achieve this, they wanted to start providing oil and gas software solutions that
support their equipment. Being an equipment-focused company, our client understood what kinds of software services were needed but did not know how to develop and deliver software in the cloud.
The power of predictive maintenance
Bringing on industry and technology experts and using an Agile methodology, Luxoft developed an end-to-end hydraulic fracturing hardware controls and automation software suite, with the minimum viable product delivered in under four months. This project included IoT architecture
development, cloud architecture development, data gathering and visualization development, manual and automated testing, and ongoing support for the hydraulic fracturing software.
Using IoT, big data collection and analysis, cloud and predictive maintenance technology, this solution monitors each time the fracking equipment is being used, determining if it’s in good working order or not long before the equipment is on the verge of breaking down. When the softwareś
detects abnormal parameters or determines it’s time for scheduled maintenance, users automatically receive a preemptive alert with suggestions on the next steps. This predictive maintenance solution, paired with hydraulic fracturing equipment, has made monumental changes.
A game-changing solution that boosts sales
Luxoft’s cloud infrastructure solution helps:
Increases revenue: Our client has sold more hydraulic fracturing equipment as a result of bundling this new oil & gas software solution
Significant cost savings: Avoids costly failures valuing millions of dollars through a predictive maintenance solution, by determining when the equipment will fail long before it actually fails
Operational efficiency: Through a user-friendly dashboard, equipment health report and automated notifications, users gain powerful insights that help improve processes over time
Transparency: Provides a platform where our client’s customers can view raw data collected from hydraulic fracturing equipment and integrate their own analytics software to analyze that data, if they wish
Scalability: Thanks to a cloud-based infrastructure with a SaaS model and a competitive price point
Helps gain a competitive advantage: By bundling their hardware with hydraulic fracturing software, it makes our client’s product stand out