US: Global oil and gas company BP is employing combined solution utilising radio frequency identification (RFID) and GPS technologies to track every component that it ships from its European warehouses to South Korea, as part of a $10 billion project to build a new offshore oil platform for use in the North Sea.
BP”s chief technology office has conducted 37 different projects to demonstrate the value of using electronic tracking to locate goods and personnel, implemented over the past two years. This has saved the oil company millions of dollars in costs related to locating equipment and ensuring safety. The technology is used to identify personnel and assets offshore during an emergency, and to optimise the inventory of equipment within a specific region, which can reduce unnecessary reordering or equipment rental.
Source: RFID Journal