Swire Oilfield Services has roped in the expertise of military logistics professionals and the retail sector to create a sophisticated tracking device aimed at alleviating the issues of a stretched supply chain.
The firm launched the new technology at this year’s ONS in Stavanger.
OverVu is an asset tracking technology, aimed at diminishing the billion dollar problem of missing and lost equipment in the sector.
The technology was developed to address a growing supply chain, expanding into new frontiers and remote locations.
OverVu uses a combination of Global Positioning System (GPS), Radio Frequency Identification (RFID) and other automatic identification (auto-ID) technologies to track equipment as it makes its way to a job.
Nick Coaton, general manager of track and trace solutions, credited operations expanding into more challenging and remote locations for the technology’s creation.
“We have developed OverVu in response to our own business needs and those of our customers – supply chain inefficiency is a significant issue for the industry and one that is only set to become greater as operations move into more challenging environments,” he said.