Wood Group, CeDAR collaborate on analytics project
Wood Group is collaborating with the Centre for Applied Data Analytics (CeADAR) at University College Dublin on a data analytics project for the energy and industrial sectors.
Wood Group, an energy services company operating in more than 50 countries, has three businesses: Wood Group PSN, Wood Group Kenny and Wood Group Mustang.
Wood Group Kenny (WGK) will work with CeADAR to develop predictive analytics for deployment particularly in the oil and gas industry. This will initially be targeted at brownfield engineering services and will strengthen WGK’s existing services in the area of measured data analysis.
By tracking the integrity of system components, the service already delivers significant savings to clients through problem detection and optimization, leading to reduced inspection, intervention and maintenance costs.
Bob MacDonald, CEO, Wood Group Kenny, said: “Maximising productivity is a strong focus, even more so in the current low oil price environment. The accelerated development and deployment of advanced analytics capabilities will provide a significant enhancement to our existing brownfield engineering service line in 2016. This specialist technical capability will allow Wood Group Kenny to handle data more efficiently and deliver a greater volume and variety of cost saving insights to our clients.”