LYTT, a provider of real-time insights to energy asset operators through intelligent sensor data extraction and acoustic fingerprinting and Weatherford, one of the leading global energy services companies, have signed an international collaboration agreement
The collaboration will target all lines of business, industries and platforms and combine LYTT’s proprietary sensing insights with Weatherford’s expertise in distributed fiber-optic sensing (DFOS), deployed through Foresite, an industry leading platform. The collaboration will create a new offering to help customers revitalise and optimise their energy assets.
With one of the largest permanent installation bases in the sector, Weatherford is ideally placed to drive digital change. The agreement will see LYTT’s edge-computing, analytics and data visualisation positioned with Weatherford’s optical-sensor reliability and expertise to deliver ForeSite Sense, Powered by LYTT. This solution will help empower customers to confidently manage injection profiling, diagnose well-integrity issues, regulate sand production, and enhance production efficiency.
Daryn Edgar, CEO, LYTT, said, “With over 1,700 installations globally, our collaboration with Weatherford will give customers the opportunity to extract additional value from both existing and planned installations worldwide. We are excited to work with Weatherford to help deliver additional value with previously inaccessible critical insights, helping their customers to detect what matters most instantly and continuously, revitalising energy assets.”
Girish K Saligram, president and CEO of Weatherford, added, “In today’s environment, operators seek to maximise returns and optimise production while also reducing their carbon footprint. We are excited to work with LYTT and believe our combined technologies and expertise will provide operators with the necessary visibility and analysis to achieve more efficient, profitable and sustainable operations.”