How taghub increases efficiency and operational excellence

Taghub’s ambition is closely aligned with the principles of Industry 4.0 and increased efficiency initiatives in the industry. The objective is to leverage on modern technology to drive increased value creation while ensuring stable and predictable production in the oil and gas industry.

This is to achieve faster field development, increased efficiency, and improved recovery from existing fields. This will be solved through closer collaboration across the value chain, and more digitalized and data-driven work processes.

Taghub supports these ambitions by enabling real-time collaboration between operators, suppliers, and service companies, based on standardized equipment identification and real-time sharing of operational data, enabling parties to focus on the value added tasks and increased operational efficiency.

Strategic Alignment

1. Faster Development of Discoveries

Increased efficiency initiatives places strong emphasis on developing new discoveries faster, particularly smaller discoveries that can be tied back to existing infrastructure. Taghub contributes by making equipment, materials, and associated data digitally identifiable and accessible across companies and systems, reducing the time spent on manual coordination and information gathering.

2. More Efficient Operations and Increased Recovery

To maintain production levels, existing fields must be operated more efficiently. Taghub functions as an operational data layer that connects equipment, maintenance activities, and logistics, enabling faster decision-making based on up-to-date information, enabling increased operational efficiency.

3. Improved Collaboration Between Stakeholders

Increased efficiency initiatives assume closer collaboration between operators and the supplier industry. Taghub is designed as a federated collaboration platform, allowing multiple companies to access relevant information based on roles and access control, without requiring all data to be centralized in a single system. Ensuring seamless and efficient data flow between stakeholders and systems, in a secure manner.

4. Standardisation and Interoperability

To scale efficiently across the Norwegian Continental Shelf, common standards are required. Taghub is built on GS1 EPC standards (including GID-96) for the unique identification of equipment and components, enabling better interoperability between systems and organizations.

Value for efficiency improvements

By connecting equipment, people, systems and organizations through digital identities and real-time data exchange, taghub contributes to:
- reducing friction in collaboration between stakeholders and remove manual interaction
- improving traceability of equipment and materials
- enabling faster and more data-driven decision-making, with data instantly available
- supporting seamless and efficient digital collaboration across teams and companies, not only operating on the Norwegian Continental Shelf, but connecting the entire world

Short summary

Initiatives for increased efficiency and operational excellence define the industrial ambition, while taghub provides the digital collaboration infrastructure that enables this ambition in practice.

With a proven track record on OCTG materials and Screens, taghub can be extended to all types of equipment, delivering increased efficiency and operational excellence. Production data is captured at the source in the cloud by manufacturers, verified by service providers without re-entry, and made available in operations with preserved data quality—allowing all stakeholders to focus on value-creating work.

Together, they lay the foundation for a more connected, efficient, and collaborative operation in the oil and gas industry.


More info: 
TagHub - Benefits of a Life Cycle Information (LCI) Single Source of Truth Collaboration Platform
TagHub and AI - The Future Is Now
TagHub – Secure Operations and Value Creation in an Uncertain Geopolitical Landscape