Oil and Gas Equipment Continues to be a Prime Target Among Thieves
Theft is getting out of hand in the Oil Patch and it’s costing victimized companies millions of dollars in replacement cost, lost operational time, security and investigational manpower and higher insurance premiums. Oil and Gas equipment theft is a $1 Billion Dollar problem in the State of Texas, alone. Some industry experts estimate losses to exceed $10 Billion Dollars annually, nationwide. Everything in the oilfield has value. One drill bit may be worth $100,000 and fit in the trunk of a car.
Professional and amateur thieves prey on the oilfield due to the remoteness of a well site and the valuable assets available. These assets are easily sold and in most cases sold in close proximity to where they were stolen. Many career thieves actually take orders for specialized equipment. Oilfield theft usually occurs as a result of it being an easy target or worst of all it can be committed by a trusted employee.
Oil and gas field theft should be of concern to everyone in the industry. Whatever the motivation, theft is a crime and when it occurs in the oilfield, it can have dangerous and deadly consequences should oil and gas storage or transportation systems be tampered with.
SVI Security Solutions specializes in oilfield security and has developed surveillance solutions and asset protection and recovery solutions for operators needing a wireless video alert and tracking system. The SVI system utilizes cellular technology to send an immediate alert and video directly to the end user’s smartphone for viewing and tracking.
SVI Security Solutions has developed a Wireless Video Alert and SatTrac Tracking System which immediately alerts users of active intrusions. Let us help you solve your theft problems today.