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Merrick Systems Named 2011 World Oil Awards Finalist

New technology revolutionizes asset tracking in downhole and subsea oil & gas operations,
surviving sustained extreme conditions up to 200C (400F) temperature;  2070 bar (30,000 PSI) pressure

Houston, TX, August 25, 2011 – Merrick Systems, a leading global provider of industrial IT to the oil and gas industry, was named a finalist in the prestigious World Oil Awards for 2011. Merrick’s revolutionary High-Pressure High-Temperature (HPHT) PTHHPRFID tag was chosen among the best Offshore Health, Safety & Environment technologies for the year. The winner of the award will be announced during an upcoming awards ceremony to be held in Houston on October 13.

Merrick’s revolutionary new RFID tag is designed to survive the extreme rigors typical of down-hole and subsea oil and gas operations. The HPHT tag is the latest addition to Merrick’s RFID Diamond TagTM suite, specifically designed to meet the unique needs of asset tracking in upstream oil and gas operations, surviving not only sustained extreme temperatures (up to 200C/400F) and pressure (up to 2070 Bar/30,000 Psi) but also shock, vibration, corrosion and abrasives.

“Merrick is proud to be included among the finalists for this esteemed award, alongside the industry’s leading innovators” stated Samina Farid, Merrick’s Chairman. “Raising the bar of operational efficiency and safety, our new game-changing RFID technology is setting new performance standards in traceability of oil and gas assets even under the most extreme environmental conditions. Our advanced tags allows oil and gas companies to enjoy the unsurpassed benefits of RFID technology, automating the process of tracing and managing their high value drilling assets from cradle to graveyard, through downhole drilling, marine operations, subsea or surface activity with ease, accuracy and absolute reliability” she added.

Merrick’s HTHP tags are consistent with OLF (The Norwegian Oil Industry Association) standards and have been independently tested and proven to dependably survive downhole and subsea drilling operations, where other identification methods failed due to destruction of identity markings by extreme heat, pressures, rough handling and chemicals. Merrick’s complete asset tracking solution, launched in 2007, includes Merrick’s suite of RFID Diamond Tags and rugged readers, along with Merrick’s DynaCap software, to track high value oil and gas assets in downhole, subsea and surface operations. Merrick’s asset tracking system allows immediate operational access to asset location, use and inspection history, physical properties, preventative maintenance schedule and traceability information required for an asset. System elements are certified for Class1, Div1 and/or Zone1 use.

Merrick Systems is an established market leader in industrial information technology for the oil and gas industry, providing software, electronics and professional services. Addressing production, engineering and asset tracking, Merrick’s integrated applications include production surveillance and optimization; field operations management; field data capture; hydrocarbon production accounting; mobile computing for field and drilling operations and ruggedized RFID for asset management in drilling, manufacturing, mining and other extreme environments.

To learn about Merrick Systems’ technology solutions visit www.MerrickSystems.com or call 713-579-3400.