GE and Noble Corporation have announced a partnership to collaborate on the Digital Rig solution intended to improve data-driven operations by using analytics to reduce running costs by 20%.
Under the agreement, GE will equip four Noble’s drilling rigs with its latest marine asset performance management (APM) system initially.
Noble Corporation chairman, president and chief executive officer David W Williams said: “With shifting market dynamics, the offshore industry is on the cusp of change. Drilling contractors must seize the moment to enhance their competitive-edge.
“We believe the shift to data-driven decisions will have a significant effect on drilling efficiencies. It is imperative for our industry to embrace the digital revolution to stay efficient and nimble, and Noble is leading the way. We look forward to developing our Digital Rig solution with GE.”
This partnership will enable data-driven operations intelligence to provide broad-ranging benefits on the selected assets.
It is expected to increase efficiency in drilling process and reduce operational disruptions, redefine maintenance strategies for sustainable operations and reduce third-party costs.
GE Energy Connections’ Power Conversion chief commercial officer Francesco Falco said: “Sluggish oil price, market volatility and geopolitical complexity are shaking the offshore landscape.
“The industry is challenged with the increased pressure of cost reduction and need for productivity gains.
“The impending retirement of many experienced workers widens skills gaps and leads to further industry-wide uncertainties.
“GE’s innovative digital APM solution unlocks reductions in operational expenditure and enhances competitiveness even in the current down market environment.”
GE’s marine APM solution uses ‘digital twin’ data models and advanced analytics to identify abnormal behaviour, which is a sign of potential failure or performance degradation.
The solution can detect these off-standard behaviour weeks ahead and provide an early warning to the operators. The system continues to learn, which enables it to provide predictive maintenance.
It is equipped with modern software-based analysis and maintenance is exercised only when required.
The solution can also provide actual rig asset data to experts globally with insights about the assets enabling them to problems remotely, helping reduce third-party service costs.
The system can also be used to optimise offshore maintenance team’s manpower and structure.
Image: GE and Noble Corporation partner to provide Digital Rig solution. Photo: courtesy of GE.