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Assets/Tool Management of Oil & Gas

Assets/Tool Management of Oil & Gas

There is a huge volume of assets used in oil&gas industry, including exploring devices, transferring equipment, refining equipment, test equipment and tools, all the assets are located in many different places while a big part of them are always transferred between different facility and wells, knowing the quantity, location and status of these assets are important for operation and finance team, sufficient devices are critical for daily production while high usage rate is valuable for the finance team to optimize the investment; Through various RFID applications, oil&gas companies can get visible and timely assets situation, using history with high efficiency, which can be used to optimize production plan and to meet financial audit compliance.