Safe & Green Holdings Corp. has announced through its wholly owned subsidiary Olenox Corp. the completion of Phase 1 of its intelligent wellsite monitoring system. The AI-driven platform utilizes the company's Machfu gateway technology to enable real-time, bi-directional monitoring and control capabilities for oil production operations. This technological advancement represents a substantial step forward in making oil extraction processes more economical and environmentally sustainable.
The system is designed to significantly reduce lifting costs, minimize site visits, and decrease energy consumption while simultaneously optimizing production output. Through a proprietary algorithm, the platform automatically adjusts pumpjack operations based on water-cut levels, improving operational efficiency and extending equipment lifespan. This development comes at a time when the energy industry faces increasing pressure to improve operational efficiency while reducing environmental impact.
The intelligent monitoring system addresses both concerns by leveraging artificial intelligence to optimize resource utilization and minimize waste. The technology's ability to reduce site visits also contributes to lower carbon emissions associated with transportation to remote well locations. Phase 2 of the project will involve full deployment at an Olenox production pad, where the system's capabilities will be tested in real-world conditions.
Shareholders will have the unique opportunity to monitor real-time results through a read-only webpage, providing unprecedented transparency in oil production operations. The latest news and updates relating to SGBX are available in the company's newsroom at https://nnw.fm/SGBX. NetworkNewsWire, which distributed the announcement, provides specialized financial news and content distribution services through its platform at https://www.NetworkNewsWire.com.
The completion of Phase 1 marks a significant milestone for Safe & Green Holdings as it expands its technological capabilities beyond its core modular construction business. The company's focus on developing safe and green solutions across various industries aligns with growing market demand for sustainable industrial practices. As the energy sector continues to evolve toward more digital and automated operations, technologies like Olenox's intelligent monitoring system represent the future of efficient resource extraction. The successful implementation of Phase 2 could establish new industry standards for operational transparency and environmental responsibility in oil production.
