Press Release – Houston software startup combines social and mobile technologies with Internet-of-Things to improve communication, productivity, and safety in the oilfield
HOUSTON, March 14, 2017 – 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 (ASX:FAR). Exigo has also released a new white paper detailing top use cases of its technology for oil & gas teams.
“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.” – Lee Reborse, Drilling and Well Operations, FAR Limited
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.
The Exigo Activity Feed shows all current discussions related to the projects and assets you’re interested in, so you can decide which discussions you should be part of.
“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.
The Timeline of a Well in Exigo integrates all discussions about a well with data and alerts about the Well, streaming in from other applications being used across the organization.
“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, Drilling and Well Operations, FAR Limited. “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 at www.exigo.io/get-white-paper
About Exigo, Inc.
Exigo develops Software-as-a-Service (SaaS) and mobile applications for the petroleum industry. The company’s cloud-based collaboration product replaces the traditional communication tools used by oil & gas teams, like e-mail and instant messaging, with a secure collaboration platform that improves transparency, lowers risks, and improves collective decision-making. Exigo’s innovative approach combines social networking features with the cloud and Internet-of-Things (IoT) to help employees work more productively while enabling companies to capture and retain corporate knowledge. Launched in 2013 and headquartered in Houston, Texas, Exigo was founded by experienced oil & gas professionals who recognize the critical need in the petroleum industry for a modern collaboration solution.