Weatherford Wins Hart Energy Special Merit Award for Engineering Innovation for Next Generation ForeSite® Edge Automation Technology
HOUSTON, October 18, 2021 / PRNewswire / – Weatherford International plc (NASDAQ: WFRD) (“Weatherford“or the” Company “) has announced that ForeSite Edge has been named the recipient of a 2021 Hart Energy Special Meritorious Award for Engineering Innovation (MEA) in the Artificial Elevator category. The MEA honor places ForeSite Edge among the top new innovations of the year with technical and economic importance for the upstream oil industry.
Girish saligram, President and CEO, said, “I am very proud not only of this award, but of the talented team behind such a fantastic product. Amid the accelerating digital transformation of the industry, we offer differentiated and performance-enhancing solutions. like ForeSite Edge, which uses intelligent algorithms to continuously improve the productivity, availability and profitability of our customers’ production assets. ”
ForeSite Edge will be a featured digital platform at the WESC 2021 digital conference, hosted by Weatherford and taking place from October 25 to 27. This next-generation automation technology harnesses the power of ForeSite and CygNet® IoT platforms to deliver production intelligence 4.0 to the well site. Installed as a stand-alone device or combined with existing automation, ForeSite Edge leverages real-time high-frequency data and advanced engineering models to deliver continuous, stand-alone production optimization.
Weatherford is a world leader in energy services. Present in approximately 75 countries, the company responds to the challenges of the energy sector through its global talent network of approximately 17,000 team members and approximately 365 operating sites, including manufacturing, research and and development, service and training.
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SOURCE Weatherford International plc