Case Study: Leading Offshore Oil and Gas Company achieves 6X annual ROI, reduced production losses and unplanned downtime with Honeywell IIoT

Leading Offshore Oil and Gas Company - Customer Case Study

Leading Offshore Oil and Gas Company faced growing asset complexity across floating and fixed structures, FPSOs and 300+ wells while engineers were forced into firefighting, surveillance was inconsistent, knowledge wasn’t preserved, and offshore manpower was dwindling. To address this, the customer turned to IIoT by Honeywell—Honeywell’s IIoT-ready connectivity and analytics offering—to bring sensor-to-cloud connectivity and enterprise-wide collaboration to their operations.

Honeywell implemented big-data analytics and automated early-event detection with centralized collaboration, running ~200K online analytics and processing over 20M data elements per day to enable continuous monitoring and proactive maintenance. The result was fewer production losses and unplanned outages, improved regulatory compliance and equipment uptime, safer operations with fewer staff onsite, typical benefits of $30–60M and an overall 6X return on annual investment.