Hiber and WTS Energy announce strategic joint venture.
Amsterdam, Netherlands - July 8, 2021 | Industrial IoT as-a-service company Hiber is partnering with WTS Energy to roll out its well integrity monitoring solution globally.
In a strategic joint venture with the leading solution supplier in the international oil and gas industry, Hiber has developed HiberHilo, an end-to-end IoT solution that makes well monitoring more data-driven and safe. Using satellite technology, HiberHilo allows oil and gas companies to measure real-time well temperature and pressure for up to 250 wellheads in a radius of 10km in remote and offshore locations.
WTS Energy will help Hiber address the oil and gas market. With offices and 1,250 consultants in 18 countries across the world, WTS supports its oil and gas customers in their digital transformation. WTS aims to deliver the latest technological solutions to its customers, and partnered with Hiber to provide HiberHilo across the industry.
Coen Janssen, chief strategy officer and Hiber co-founder, said: “We are excited to launch this joint venture with one of the major international standard bearers in oil and gas. An oil or gas well blowout can be a disaster in terms of safety, environmental impact and commercial impact. Wellhead monitoring can be complex, time-consuming, and expensive.”
“But using our global satellite network. HiberHilo is an out-of-the-box solution which provides an innovative and affordable subscription service to ensure continuous wellhead monitoring, even in the remotest locations on Earth,” he added.
Frederik Rengers, CEO at WTS Energy, said: “At WTS Energy, we work in many remote locations and well integrity monitoring comes with many logistical challenges. We are all in the middle of the Energy Transition and it is super important to keep the oil and gas industry safe and protect the environment during this time. Technology like satellite-enabled well Integrity monitoring of remote wells is a key to keeping the existing wells environmentally safe. What you measure improves!”