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July 18, 2017

GE and Maersk Drilling extend partnership to cut well costs

GE Marine and Maersk Drilling have agreed to extend their digital partnership following a successful pilot project to reduce well expenditure.  

GE Marine and Maersk Drilling have agreed to extend their digital partnership following a successful pilot project to reduce well expenditure.    

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The collaboration is expected to result in efficiencies for the offshore market and improve drilling productivity. 

Under the extended partnership, the companies will expand the 2016 pilot project to nine subsequent vessels that will target 110 key equipment assets where the pilot project involved one vessel and one asset. 

Assets include top drive, draw works, thrusters and main engines.

The pilot project will be expanded over a multiyear contract scheduled to begin later this year.

Maersk Drilling chief investment officer Jesper Hansen said: "By offering new efficiency services to our customers, Maersk Drilling has taken the next step in digitalising the offshore drilling industry.

"Together with a number of relevant industry partners, we are now executing on our ambition to offer oil majors the world’s first digitally optimised drilling operation."

The extended collaboration will see installation of GE’s SeaStream Insight Marine Asset Performance Management (APM) solution on nine selected units across Maersk Drilling’s fleet.

The implementation is due to start later this year, and expected to enable consistent and predictable drilling performances.

"The solution can provide real-time efficiency reports and performance indicators."

Based on data procured during daily offshore operations, the solution can provide real-time efficiency reports and performance indicators.

The solution is expected to cut maintenance cost reduction by 20%, and improve drilling efficiency.

Both companies have also developed digital twin solutions, which serve as virtual representations of key equipment on the rig equipped with sensors and other data.

These digital twins with GE’s zonal analytics can cut unnecessary maintenance and can identify equipment anomalies beforehand preventing total breakdown.


Image: Maersk Discoverer drilling rig. Photo: courtesy of The Maersk Group.

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