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BP Selects Mojix Next-Generation Passive RFID for $7 Billion Offshore Drilling Project

  BP Selects Mojix Next-Generation Passive RFID for $7 Billion Offshore
  Drilling Project

  *Major Oil & Gas operator contracts Mojix to manage global track-and-trace
    initiative for its North Sea Clair Ridge Project.
  *Mojix provides BP with RFID track-and-trace solutions to better monitor
    valuable assets while in transit and at BP managed warehouses around the
    globe.

Business Wire

LOS ANGELES -- April 26, 2013

Mojix® Inc., the leading provider of wide-area passive RFID solutions,
announced that industry leader BP appointed Mojix to deliver track-and-trace
technology for the Clair Ridge oil platform construction that will operate in
the North Sea off the coast of Scotland. This solution provides real-time
visibility of oil platform components moving from suppliers located around the
globe to the platform’s construction site. BP is using this solution to
monitor and manage the supply chain which includes tracking crates, Heavy Lift
and Out Of Gauge equipment, containers and vessels to improve the efficiency
and safety during the construction. Mojix’s STAR 3000 System delivers
next-generation wide-area passive radio frequency identification (“RFID”)
technology at warehouses and yards, creating supply chain visibility resulting
in cost savings and risk mitigation for the Oil and Gas industry giant.

“Mojix has delivered a complete and innovative tracking solution that allows
BP to monitor its cargo throughout the whole supply chain process, this
ensures that we can manage our materials in a more planned and efficient
manner,” said Andy Dovey, Material management PSCM team lead for BP Clair
Ridge. “Mojix is pleased to have been selected by one of the world’s largest
companies to monitor all critical assets in a complex project such as the
Clair Ridge project,” said Dr. Ramin Sadr, CEO and founder of Mojix. “Our
technology brings significant new efficiencies, risk mitigation and cost
savings to the entire supply chain that supports an offshore platform
construction. We are pleased BP recognizes the value our technology brings to
this important project.”

BP deployed the Mojix STAR 3000 System as the cornerstone of its global
track-and-trace of the supply chain for the construction of the Clair Ridge
platform in Asia. Two different types of tag technology are used by BP
including passive EPC Gen 2 RFID tags on all materials and components and
Global Positioning (GPS) sensor telemetry tags on containers and heavy
equipment. The passive tag and GPS location information is consolidated from
around the globe into Mojix’s centralized, web-based, visibility platform.
Finally, commercial ocean vessel tracking information is integrated to the
same centralized visibility platform giving BP an unprecedented single-point
of view of the location and flow of goods on roads, oceans, and warehouses.
Mojix’s track-and-trace solution along with its STAR 3000 provides BP with 24
by 7 continuous visibility of all materials needed to construct the new Clair
Ridge platform.

About BP Clair Ridge:

BP and their project partners ConocoPhillips, Chevron, and Shell received
approval from the UK Government to progress to the second-phase development of
theClair oil field, 75 km (46.6 mi) west of Scotland’s Shetland
Islands.Clair extends over an area of 220 sq km (85 sq mi), in water depths
of around 140 m (459 ft). The second phase of the development, named Clair
Ridge, will target the part of the field north of Clair Phase 1. The Clair
Ridge project calls for construction and installation of two new,
bridge-linked platforms, both due to be installed in 2015 with production
slated to start the following year. These facilities are being designed to
extend production from the greater Clair area through 2050 and will involve a
capital investment of roughly $7 billion.Phase 2 has been engineered to
produce 640 MMboe and to serve as a hub for future expansion, subject to
further appraisal. At peak, production should near 120,000 b/d of oil.

About Mojix:

Mojix is the leading technology and solution provider for wide-area RFID
networks with unique passive RTLS capabilities which provide organizations
with visibility of any object, item, case, product or asset in their supply
chain. Providing the only wide-area passive RFID reader on the market, Mojix
locates tags across large physical areas to significantly improve an
organization’s ability to manage its production and logistical processes at a
lower TCO. Unlike conventional passive RFID systems that are limited in
coverage area and read range, and active RFID systems that require costly
battery-operated sensors, Mojix offers the best of both worlds: active RFID
capabilities with passive RFID economics.

For more information, visit http://www.mojix.com.

Contact:

Mojix Inc.
Jessica Brown, 877-886-6549
Jessica@mojix.com
 
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