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The Fluid Control Institute (FCI) collection contains standards and materials directing fluid control and conditioning equipment. These standards are voluntary but suggest performance and fluid regulation best practices. FCI standards help you to:
| Full Online Standards Solution | Individual Standards |
|---|---|
| Multiple standards | Minimal standards |
| Frequent purchases ($3000+/year) | Infrequent purchases |
| Standards access or budget management, organization-wide | Less than 5 employees use standards |
| Learn more about IHS Markit Standards Expert | Buy now |
One of the world’s largest oilfield service providers enhanced the forecasting accuracy of its oil rig count model from 90 to 97.6 percent, predicted the impact of price changes on customer spending and demand for product lines (by leveraging 3,500 factors) and created a model that predicted the deflation of WTI crude oil prices in late 2014.
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Since 2004, this independent O&G operator has recorded well data electronically, with daily numbers uploaded in minutes to foremen and engineers. As result, it reduced the time to create daily reports by 33% -- cutting two days off its monthly regulatory reporting cycle -- and increased production by identifying/correcting problems months earlier.
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To lower costs enterprise-wide, a global energy company asked IHS to review 35 internal standards and list 143 comparable international standards. Research uncovered conformity opportunities including 25% savings on casing/tubing for $5 million annually and $180 million annually for conformance with ALL industry standards.
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While seeking oil and gas development opportunities in the Rocky Mountains region, this Denver-based company has increased workflow efficiency by using a new platform that displays research based on users' preferences, delivers hours of time-savings each week and enables greater focus on high-level analysis.
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