OOC Oil & Gas Blockchain Consortium Announces Successful Completion of Produced Water Haulage Pilot

The OOC Oil & Gas Blockchain Consortium announced the successful completion of its first pilot leveraging blockchain technology. Data Gumbo's blockchain network was used to automate produced water haulage from field reading to invoice payment.


HOUSTON--(BUSINESS WIRE)--The Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium today announced the successful completion of its first pilot leveraging blockchain technology. The pilot, developed in partnership with Data Gumbo utilizing its GumboNet™ blockchain network, proved a platform for automating produced water haulage from field reading to invoice payment. It was executed on five Equinor wells in the Bakken field in North Dakota with water logistics and transportation provider Nuverra Environmental Solutions and a midstream disposal company. It was the first industry-wide use of a blockchain-native network for produced water haulage.


The consortium tapped the power of blockchain for real-time data transparency, accuracy and automation of contract payments. These efficiencies are available now to return savings and value to consortium member companies.


The pilot also demonstrates that the oil and gas industry is embracing emerging technologies like blockchain. “We are always exploring new technology that will streamline oil field processes through automation, reducing cost for our company and our customers,” said Greg Tipton, CIO of Nuverra Environmental Solutions.


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