Use case of

GOARC

tag
Oil & Gas [OG]
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Start-Up Nation Central
High level customers
ICL, Delek US, DEKRA, Keppel Corporation
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Start-Up Nation Central

What Challenges are you solving in this industry

  • Change management [CM]

  • Communication and integration of data (Understanding and aggregating of data to optimize field operations) [CID]

  • Data collection using sensing and imaging [DCSI]

  • Improving Availability and Reducing downtime (i.e predictive maintenance reliability) [PM]

  • Improving Process Productivity/Yield - Asset/Process performance management [APY]

  • Improving Quality (inspection process control) [QI]

  • Process digitalisation and automation [PDA]

  • Remote work [RW]

  • Workforce Management [WM]

Description of solution

GOARC has developed an AI-based platform to improve safety in the oil and gas industries. GOARC’s safety module reduces the probability of accidents by offering location-based warnings, risk evaluation, and the delivery of contextual safety guidance in real-time, all through integrating connectivity between IT, OT, IoT, and workers in real-time. GOARC’s worker connectivity platform combines multiple sources of data with analytical algorithms and dashboards to provide real-time actionable insights.

What is the value you bring to your customers?

Complex situations and disruptions have highlighted the need to bridge the communication gaps and ensure the integration of decision data.

Lower oil prices and slashed fuel consumption drive the need for cost-cutting and improved efficiency. Existing challenges of managing aging infrastructure, which, unlike other industries, are geographically dispersed. Further, obsolete technologies and automation systems make this infrastructure vulnerable to theft and cyberattacks, potentially leading to outages and health,
safety, and environmental damage costs to operators.

Without comprehensive data on real-time status of employees, tasks in the field, and work procedures such as shift changes, companies are not able to see the big picture regarding hazard situations, accidents, contractors, remote-precise tasks, and emergency situations.

With GOARC, customers achieved a reduction of 54% in work accidents, 30% reduction in operational cost, 270% increase in leading indicators and an increase of 80% employee safety engagement. Companies in the oil and gas industry achieve a 63% reduction in PSM incidents, a 35% improvement in LPO, and a more than $1.6M deduction in operational costs.

Time to implementation

30-90 days