Exigo brings benefits of social networking to oil & gas teams

Source: Exigo

Houston oil & gas software startup combines social and mobile technologies with Internet-of-Things to improve communication, productivity, and safety in the oilfield.

Exigo announces the commercial launch of its collaboration app designed to help oil & gas teams securely communicate and capture knowledge.  Exigo’s knowledge sharing app was inspired by social networks, translating key benefits to an industry that has had limited success adapting social media to the workplace.  Early adopters across oil & gas helped field test the new app, including FAR Limited. Exigo has also released a new white paper detailing top use cases of its technology for oil & gas teams.
 
Capital-intensive projects and constantly evolving operations require energy professionals to track a complex mix of information.  Coupled with a workforce that is geographically dispersed, oil & gas teams often rely on electronic communication to collaborate and make collective decisions.  However, e-mail and instant messaging pose security risks and isolate critical data in personal inboxes, creating costly information gaps and delays.
 
Exigo was founded to shift the critical conversations taking place every day among energy professionals to a secure and open forum.  The company turned to social networks, like Facebook and LinkedIn, for inspiration in developing its collaboration product for oil &gas business users.  Similar to a social network, Exigo users monitor an activity feed and timeline for assets or projects they follow and can contribute content, including text updates, files, and video, using a social update feature on a PC, smart phone or tablet.  Exigo’s approach avoids the pitfalls that companies often encounter with enterprise social networks.
 
“Until now, the benefits of social networking in the workplace have been elusive because solutions focus on connecting people with people, which is a recipe for distraction,’ said Rohan Irvin, CEO of Exigo.  “With Exigo, the focus is on connecting people with business assets in order to build conversations and knowledge around wells, fields, and facilities, making our app a real productivity multiplier for oil & gas teams,” Irvin remarked.
 
Exigo aims to fundamentally change the way energy professionals make collective decisions in order to eliminate the risks and costs of miscommunication.  Exigo’s knowledge network also incorporates the Internet-of-Things (IoT), which integrates digital oilfield telemetry, such as production volumes, pressure data, and equipment alarms.  IoT integrations allow Exigo users to visualize commercial or client-specific datasets through charts and maps directly on an asset activity feed.  This gives Exigo users an unprecedented ability to view data in context with related conversations and enables oil & gas teams to make more informed decisions.
 
“Both Process and personal safety are impacted by our ability to accurately and continually filter data to make the necessary operational decisions that in many cases impact hundreds of lives, the environment, and high cost assets,” said Lee Reborse, FAR Drilling and Well Operations Manager.  “With Exigo, we can filter this stream of information into usable inputs for every day job specific functions,” he stated.  Reborse concluded, “Exigo adds enormous value by eliminating information overload, leaving job functions focused on the critical task of making the correct informed decisions, every moment, every day.”
 
A white paper is available with detailed examples of how petroleum enterprises benefit from Exigo and the estimated value created from improved productivity, knowledge capture, idea inception, and decision visibility.  View the report.



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