Helmerich & Payne has patented a system for drilling wells that utilizes signals from a fiber optic cable in a previously drilled well to locate and shape the borehole of a new well. The system automatically updates the drilling plan and adjusts parameters based on the received data. GlobalData’s report on Helmerich & Payne gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Helmerich & Payne, was a key innovation area identified from patents. Helmerich & Payne's grant share as of May 2024 was 36%. Grant share is based on the ratio of number of grants to total number of patents.
Drilling system using fiber optic cable for borehole shape
A recently granted patent (Publication Number: US11988083B2) discloses a system and method for drilling a well borehole using advanced technology. The system includes a processor and memory with instructions for receiving data from a fiber optic cable in one borehole, analyzing acoustic signals to determine the shape of a second borehole, and drilling the second borehole accordingly. The shape determined is a 3D representation of the borehole, allowing for precise drilling operations. Additionally, the system can monitor drilling parameters, geological formations, and conditions during drilling, enabling real-time adjustments for optimal performance.
Furthermore, the patent covers the use of a computer system to remotely receive and analyze data from the boreholes, ensuring efficient monitoring and control. The system can compare acoustic signals to stored audio files from previous drilling operations, allowing for corrective actions based on the comparison. It also includes provisions for determining drilling parameters, modifying them as needed, and updating well plans based on the shape or location of the borehole. The technology described in the patent aims to enhance drilling operations by providing detailed insights and enabling proactive decision-making for improved efficiency and accuracy in wellbore construction.
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GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
