Offshore oil exploration and production platforms are resource-intensive projects that demand a constant flow of personnel, equipment, and fuel. Typically, drilling companies own or contract with a fleet of support vessels to serve these logistics needs. In the current environment of low oil prices and depressed margins, where project managers seek to streamline rig operating costs, oil companies are employing measures to increase productivity and efficiency of their logistics fleets.
One such measure has been outfitting logistics fleets with tracking systems that leverage satellite networks to send a ship’s GPS coordinates at regular and frequent intervals. Recently, PETRONAS, the national oil and gas company of Malaysia, deployed this tracking technology on 150 offshore logistics vessels that support their various drilling projects in the South China Sea. PETRONAS now receives position updates for all of its ships every 15 minutes.
Beyond simply seeing all ships on a map, there are a number of valuable applications of this data to offshore rig operators:
By investing in satellite-based maritime vessel tracking systems for their logistics fleets, offshore oil companies can both cut project costs and enhance the continuity of rig support operations.