Case Study - Innovation Through Connectivity in the Energy Industry
/Company Background
Caltex Oil Tools is a product and services company with over 30 years of experience in the on-shore and offshore oil and gas industry. Recently, however, the company underwent an ownership and leadership change that led to a strategic shift toward a focus on highly specialized engineering capabilities and solutions—specifically on equipment used between the water line and mud line in the deep-water space. A typical engagement might involve oil well ‘production enhancement,’ where specialized equipment is used to make a well more productive. This involves developing machinery that gives the field team access to the well bore to deliver chemical packages that increase oil production.
“If I tell a customer that they’ve got full access to the manufacturing data for a product that we developed for them, that’s going to blow their mind. That’s going to set us apart from our competitors and it’s going to give us some improvement in productivity and lower our costs and improve our quality.”
