Aberdeen-based predictive technology specialists, OPEX Group, have signed their first international agreement - a 5-year Master Service Agreement (MSA) with Cantium LLC who operate a number of oilfields in the Gulf of Mexico.
Whilst OPEX currently provide predictive data solutions for several UKCS operators, this is the first international agreement that the company has entered into. This award closely follows a number of recent UKCS contract awards approaching £4m and OPEX’s recent Oil & Gas UK award win for Business Innovation.
The collaborative charter will see OPEX and Cantium work together to drive operational efficiency and streamlined maintenance and production gains through the smart application of predictive technologies.
The strategic relationship has been formed following Cantium’s recent acquisition of the Gulf of Mexico Bay Marchand and Main Pass assets from Chevron Corporation.
Jamie Bennett, CEO of OPEX, explains more; “OPEX has pioneered a Predictive Analysis Service (X-PAS™) for the oil and gas industry that enables operators to increase oil and gas production and prevent critical system outages.
“By applying predictive technology and advanced data analysis techniques we identify potential threats and emerging issues far in advance to help operators maximise production uptime, reduce operational risk and improve performance.
“We look forward to supporting Cantium in their drive to reinvigorate the Gulf of Mexico Outer Continental Shelf by unlocking the value in their operational data.”
Richard Kirkland, CEO of Cantium, commented; “Leveraging digital technologies is a core element of Cantium’s strategy to optimise the management, maintenance and performance of these late life fields.
“Working alongside OPEX will ensure we have the depth of information required to make data-driven decisions to improve our operations and identify new, more effective ways of working.”
