The Launch of New Production Optimization Platform

Weatherford International released the ForeSite production optimization platform at its software conference. The new platform combines physical model and advanced data analysis to comprehensively improve the performance of wellhead, reservoir and water facilities. This release is the first in the company's integrated software product line. The series combines production optimization with the Internet of things, cloud computing and advanced analytics to achieve full asset management. The platform is currently focused on improving the management of the well management of the pump lifting system, which will then be extended to all lifting modes, as well as the management and optimization of oil reservoirs and water facilities.