“Our partnership with Dacian Petroleum proves that our HiberHilo well-monitoring
technology delivers a fast ROI to smaller, independent operators,” said Hiber CEO Roel
Jansen. “Whether a well is producing 10 or 1,000 cubic meters a day, HiberHilo can
deliver insights 24/7 so that interventions can be scheduled to mitigate the impact of
technical faults and maintain optimal production. This is vital for any business, no
matter whether it operates high- or low-producing wells, it can be the difference
between profitability or taking a real hit to the bottom line.”
HiberHilo makes it easy to bring new technologies to oil and gas production. It delivers a
comprehensive remote monitoring and management solution—hardware, software, and
satellite connectivity—that is easy to install and use. HiberHilo also includes digital
pressure sensors and remote temperature monitoring devices that provide regular,
reliable pressure and temperature data from any well, anywhere.
Dacian is using HiberHilo to transmit sensor data from the wellhead to a central
dashboard so its production team can closely monitor each gas well and act in advance
to prevent incidents that could cost tens of thousands of dollars in maintenance, lost
production, and potential environmental liability.
According to the industry studies, through better well monitoring, oil and gas producers
can expect to see as much as 10% boost in productivity, up to 4% reduction in
downtime, and up to 7% improvement in ultimate recovery.
Hiber is also helping Dacian save costs through better reservoir modelling and
management. For example, by monitoring water accumulations in gas wells (via
accurate flowing pressure recording), Dacian can optimize the dewatering process.
Being able to take action before an issue arises means Dacian reports significant
savings through operational efficiency on these brownfields, improving overall
profitability for the acquisition.
With its IoT-as-a-service connectivity, comprehensive feature set, and low acquisition
and operational costs, the economics of HiberHilo were compelling for a growing energy
company like Dacian. Dacian’s engineering team have found HiberHilo installations are
fast and easy, requiring just two hours. The bottom line: Dacian could get the
technology out in the field quickly and start collecting data ―and identify any
Dragos Chetan, senior production technologist at Dacian Petroleum, commented: “As a
growing, independent oil and gas company, we needed proven remote well-monitoring
technology that would deliver maximum benefit at an affordable cost. Being able to
implement the technology quickly and easily was also important, given the age and
condition of the wells. Like us, Hiber is a young company, and their can-do attitude and
agility in delivering this solution perfectly matched the way we like to do business.”