Saudi Aramco: The Future of Oil and Gas - GineersNow Petroleum Saudi Aramco, The Future of Oil & Gas Industry | Page 41

What can Ingersoll Rand offer to the oil and gas industry? Ingersoll Rand advances the quality of life by creating comfortable, sustainable and efficient environments. We are a $13 billion global business committed to a world of sustainable progress and enduring results. In high-risk industries like oil and gas we bring customers peace of mind with product design excellence, on-time delivery, reliable aftermarket services and trusted partnership. Our portfolio of lifting and material handling solutions consists of personnel lifting equipment, winches, hoists, and BOP handling systems designed to withstand harsh environments and safely move employees and assets in industrial, onshore and offshore applications. Describe Ingersoll Rand’s current industry and where do you think is it headed? Traditionally, Ingersoll Rand’s Material Handling business is heavily focused on offshore oil and gas exploration and production activities. As we continue to develop business in this space, we anticipate the need for “smarter” products which allow for connectivity and remote monitoring that drilling customers are growing accustomed to and relying on for their operations. Incorporating technology into our products to allow for predictive maintenance will provide value beyond the job the machine was designed to do, and will improve the usability and reliability of the machine over time. Additionally, we have expanded our presence into the onshore drilling space both in the Americas and in the Middle East. We believe that as onshore drilling becomes more prevalent, operators will require higher standards of safety and will want to rely on a company with a reputation for safety for their equipment. Oil & Gas Leaders • April 2017 39