The value of seals for the oil and gas industry

The value of seals for the oil and gas industry today is extremely important.

The recent rise in oil prices is increasing the theft of fuel and petroleum products.
Industry groups report global losses of up to $130 billion in oil and oil products due to theft and fraud.
Estimates vary but the United States alone is reported to have lost about $8 billion in petroleum products and fuels.
About a quarter of the estimated damage was due to fuel stolen from vehicles, and three-quarters of the total damage was based on estimates from reported losses in tankers, refueling operations and depots. contain.
The growing problem has prompted major oil companies to dramatically increase anti-counterfeiting and theft protections around their products during processing, transportation and storage.

In addition to policy and monitoring measures, an important practice is tampering with reception and access points.

Our company manufactures and supplies tamper proof security seals for all areas of the oil and gas industry.
Our service to the oil industry dates back to the beginnings of modern mass refining around the time we started.
Current upgrades in today’s higher-risk oil supply chain include stronger seals and devices as well as enhanced and expanded seal monitoring and tracking.
In many refineries, valve and control systems are changing from plastic guide seals to more durable cable seals to prevent unauthorized entry.
Meanwhile, internal record keeping and sealing monitoring are being expanded to help security personnel better monitor product movement within their factories and at entry points.
Distribution centers are also upgrading to more durable cable glands for both rail and road tankers.
This eliminates the possibility of “accidental” breakage of tamper-evident seals.
It requires deliberate cutting with powerful tools to remove cables or seals.
As internal tracking systems are being upgraded, some companies are turning to barcoded seals to help store and use seal data to detect theft and fraud through systematic research. list.

the value of seals

In some cases, bulk tanker fueling companies are taking this action to prevent outside theft and in other cases they are preventing theft. internally through unauthorized “skimming” or partial offloading.
To detect and prevent this type of theft requires a systematic approach to seal monitoring and review data innovation and trends.
This is especially effective in finding theft and organized fraud.
Not only do we offer a comprehensive seal product line to meet this need, but we also offer a wealth of expertise in tactics and countermeasures to reduce losses.
Customers’ efforts to enhance their security not only make their companies profitable, but also contribute to safer operations for employees and customers.

We partner with our customers to accomplish both goals

Contact our experts for more information on available seals and any questions regarding the best methods and strategies for using them.