Is remote access the key to offshore operations?
Remote access to offshore facilities actually has been in practice, to some extent, for some time. What is now starting to occur with more regularity are the conscious decisions to rely on remote access as key to offshore operations, and structuring the operational practice accordingly.
Can I open an offshore bank account remotely?
If you’re set on opening an offshore bank account remotely, your options are going to be significantly more limited than opening in person. This is because banks are increasingly requiring in person meetings to open accounts and non-residents with no ties to the bank’s jurisdiction are viewed as higher risk.
Is there a war against offshore companies and offshore banking?
As a result, there’s a war against offshore companies and offshore banking, which has resulted in significantly stricter AML and KYC requirements, clamping down on such previously accepted practices as remote account opening. Now, smaller countries in remote parts of the world are in trouble.
Is satellite connectivity the best option for offshore wireless?
Due to its seamlessness and ubiquity, satellite connectivity has been the most common option for offshore wireless implementation. Yet, the sky-high costs mean that satellite networks mostly pertain to high-bandwidth voice and data transfer, alongside connection of few high-value, critical data points only.
What is remote access and monitoring?
Remote access and monitoring are an emerging technology in the marine space that potentially offers significant operational benefits. Vendors are facing numerous challenges in the implementation of secure systems in this area, in part due to the wider problem of maintaining a secure network on a moving vessel with limited connectivity and computing resources.
What are the challenges of remote access?
Developing secure remote access solutions is a challenging task, particularly in an environment where availability concerns are paramount and connectivity is limited. As such, many aspects must be considered when evaluating an approach or vendor offering. Some of these considerations include general application security of the management platform front-end, general application security of agent software, user authentication, user enrollment and deactivation, access control (enforcement, permission granularity, etc.), auditing and logging, communications between the management platform and agent, on-ship communications between the agent and telemetry technologies and ability to update the gateway device and agent software remotely without significant impediment. More on these challenges can be found in the full research article.
What is remote operations?
How Remote Operations Helps. The first benefit of Remote Operations is to reduce the numbers of personnel required on-site at offshore facilities, and relocate these personnel either at corporate offices or other office facilities. This relocation reduces the associated operational costs ...
How are subsea systems operated?
Subsea systems, usually located a number of miles from an offshore platform and connected via flowlines and supporting umbilicals, are inherently remotely operated, given their inaccessibility to direct human intervention. Subsea systems have traditionally relied on ultra-high reliability components and infrequent failures to achieve high uptime in operation. Basic remote operation of subsea systems, along with the associated topsides systems, is thus relatively straightforward.
What is subsea system?
Subsea systems have traditionally relied on ultra-high reliability components and infrequent failures to achieve high uptime in operation. Basic remote operation of subsea systems, along with the associated topsides systems, is thus relatively straightforward.
Why is remote operation important?
Remote Operations represents an opportunity to address both profitability and demographics, and in the process, take a significant step towards the future for a highly traditional industry . In fact, preparing the industry for the future may prove to be the most important reason for giving serious consideration to Remote Operations, especially now.
How long has Larry Forster been in the oil and gas industry?
Larry Forster has 36 years experience in the oil and gas industry, primarily bringing new technology through the final stages of development into practical use. Specific...
Can remote operations be used on site?
Note that Remote Operations does not necessarily mean that personnel would never be utilized on-site. Depending on the particular situation, a smaller staff contingent might be deployed on a part-time, or even a full-time basis. The goals of cost reduction, as well as improving operational effectiveness would still be met by what may prove to be an optimal approach.
Is remote access to offshore facilities in practice?
Remote access to offshore facilities actually has been in practice, to some extent, for some time. What is now starting to occur with more regularity are the conscious decisions to rely on remote access as key to offshore operations, and structuring the operational practice accordingly.
Which countries have offshore bank accounts?
Countries like the Cook Islands, Belize, Mauritius, the Seychelles, and many others have traditionally lent themselves to individuals and companies that are looking to open offshore bank accounts remotely.
Why is it Difficult to Open Bank Accounts Remotely?
At its core, remote opening is becoming more difficult because governments, regulators, and multilateral organizations are applying more pressure on banking hubs around the world. They want to stamp out tax evasion, drug trafficking, terrorism, and other crimes.
Does a bank share information with your country of residence?
Remember, now that CRS is in full swing, your bank will automatically share information with your country of residency. If you want to confirm whether or not you have residency or bank in a CRS country (you probably do), you can check the full list of participating countries right here in our recent article about CRS countries.
Is opening an account difficult in Panama?
Since then, account opening has become much more difficult . Panamanian banks beefed up their compliance procedures at an alarming rate. At the same time, they got picky about the customers they would accept. In fact, many of the compliance standards in Panama are beyond the most stringent requirements elsewhere. They even surpass what you will find in other world-class jurisdictions.
Is a remote bank account a non-resident account?
Remote bank accounts are almost always synonymous with non-resident banking. And if that’s the case, you need to know if a bank will accept non-residents before concerning yourself with opening remotely.
Can GlobalBanks open accounts for insiders?
If you are interested in opening accounts in countries that genuinely require an intermediary, GlobalBanks can introduce you to vetted, cost-effective service providers that can facilitate the account opening for Insiders.
Can a bank open a bank account remotely?
For example, in places like the United States, the United Arab Emirates, and Singapore, there are specific laws and regulations that prohibit bank s from opening accounts remotely for most people. However, there are special exceptions and loopholes, if you know where to look.
What is LPWAN in IoT?
Emerging IoT connectivity solutions like Low Power Wide Area Networks (LPWAN) are redefining the possibilities for O&G offshore monitoring. Providing an inexpensive, low-bandwidth wireless link for small, low-computing devices, LPWAN is set to be the backbone of large-scale sensor networks to aggregate granular telemetry data from innumerable endpoints. Simple star topology coupled with the extensive range makes LPWAN versatile for IoT deployments in large, structurally complex facilities like an O&G platform. Private LPWAN, in particular, allows companies to flexibly adapt network coverage to the unique requirement of isolated offshore sites.
What is continuous collection and analysis of diverse data on rig structures?
Constant collection and analysis of diverse data on rig structures (e.g. strain, vibration, crack sounds, etc.) and external weather conditions allow for reliable assessment of the rig integrity to early diagnose any structural damages. Likewise, critical infrastructure like watertight doors and ballast tanks can be monitored round-the-clock.
What is LPWAN hybrid?
An LPWAN-sa tellite hybrid architecture offers O&G organizations a highly robust and cost-effective approach to proactively monitor and manage offshore infrastructures from hundreds of miles afar. Data from distributed field sensors are aggregated at a local IoT base station through the LPWAN radio link, before being forwarded to an onshore centralized command center using the satellite connection. With this architecture, companies can tap into a new host of asset, environmental and process data for a comprehensive picture of their running production.
Why do O&G companies use manual data reading?
Given the absence of a cost-effective and scalable communication solution, O&G companies used to heavily rely on manual data reading and visual inspection to monitor large parts of their operations, equipment and facilities. Needless to say, this is highly inefficient and error-prone, while exposing workers to significant field dangers and hazards.
What is distributed environmental monitoring?
Distributed environmental sensors continuously check for the slightest presence of flammable gases and toxic vapors in the atmosphere. Concurrently, 24/7 asset monitoring helps predict disastrous asset failures conducive to explosions or marine oil spills. In the event of emergencies, on-premises alerts can be timely triggered for immediate counteraction to safeguard workers and prevent serious, irreversible catastrophes.
