A Shared Commitment to ESG and Sustainability
Both Chesapeake and KCF Technologies share a common vision:
to produce oil and natural gas while prioritizing Environmental, Social, and Governance (ESG) principles safely and responsibly.
Since March 2022, KCF Technologies and Chesapeake have joined forces at more than 100 locations, focusing on monitoring compressor stations and piping.
Their shared commitment to adhering to ISO standards and leveraging KCF’s cutting-edge Machine Health Platform has yielded numerous benefits, including:
Enhanced Safety
By diligently monitoring equipment health, the collaboration has significantly reduced safety risks, creating a safer working environment for Chesapeake’s workforce.
Prevention of Unplanned Downtime
Proactive monitoring has mitigated the risk of unexpected equipment failures, leading to substantial cost savings and uninterrupted operations.
Cost Reduction
Avoiding catastrophic failures has not only prevented costly repairs but also reduced the need for additional parts and labor expenses.
Increased Throughput
Identifying potential issues before they escalate has allowed Chesapeake to boost natural gas production throughput.
Chesapeake’s work demonstrates their commitment to technological innovation in the pursuit of safety, sustainability, and responsible energy production. Driven by their mission, they have harnessed the power of technology to safeguard their assets and enhance their safety culture.
A Million-Dollar Impact
KCF Technologies’ Role
KCF Technologies, with its expertise spanning the Upstream, Midstream, and Downstream supply chains, has been a pivotal partner in their efforts. Their machine health monitoring solutions have delivered substantial cost savings, amounting to a documented seven figure savings related to unplanned downtime.
Monitoring over 17,000 assets within the Oil and Gas sector, KCF’s arsenal includes enterprise software, Industrial Internet of Things (IoT) devices, and a team of highly skilled engineers. This synergy provides users like the team at Chesapeake with a profound understanding of asset performance and machine health.
Dr. Jeremy Frank, CEO of KCF Technologies, expressed his pride in contributing to Chesapeake’s ESG, sustainability, and safety objectives. He emphasized their shared vision of a future with zero injuries, zero waste, and zero asset failures. This vision drives KCF’s unwavering dedication to innovation and excellence in machine health monitoring.
Optimize Your Machine Health
Reduce unplanned downtime by getting to the root cause of machine failures. Learn how KCF’s machine health optimization platform will help you achieve peak plant performance. Download the KCF Guide to learn more about optimizing your machine health.
