The creator of a pipeline leak detection system that is deployed in the field without requiring excavation or direct contact with the pipe is a part of the first group of companies admitted to Chevron Technology Ventures’ new Catalyst Program.
Rheidiant, Inc. applies industrial Internet of things (IIoT) and machine learning technologies to solve problems in the oil and gas industry. It developed the Smart Sign leak detection system, an innovative solution to new and old hazardous liquid pipelines that monitors these assets for small and large leaks before they result in big environmental spills, the company said.
The technology relies on proprietary acoustic sensors that are deployed near the pipeline without trenching. Leaks on the asset are detected by the use of proprietary edge analytics and central machine learning algorithms. As a result, operators of these aging assets are able to accurately quantify their environmental risk and respond to events in time, according to Houston-based Rheidiant.
“Deploying external real-time monitoring systems are essential in safeguarding pipelines against large environmental spills. Today, however, there are over half a million miles of pipelines that were deployed without external monitoring,” Murat Ocalan, president and chief executive officer of Rheidiant, said in a statement.
“The Smart Sign system offers the world’s first economic retrofit solution to the operators of these pipelines and helps them protect the environment, the neighbouring communities and their bottom line against spill events,” said Ocalan.
Chevron Technology Ventures introduced the Catalyst Program to support start-up companies that bring innovative products that may have positive impact on the oil and gas industry.