LONDON, March 27, 2017 /PRNewswire/ -- Noble
Corporation plc (NYSE: NE) and GE (NYSE: GE) today jointly
announced a partnership to collaborate on an advanced data
analytics system for offshore drilling rigs known as the Digital
Rigsm solution. The Digital Rigsm solution
aims to significantly improve the operational productivity of
Noble's drilling rigs. By utilizing data analytics to make
asset management more efficient, the Digital Rigsm
solution will allow Noble to better manage the asset lifecycle and
provide a more productive drilling operation for
customers.
The agreement calls for GE to initially deploy its latest
digital asset performance management system on four Noble drilling
rigs as part of a fleet pilot program. The expected efficiencies
captured through the implementation of the Digital Rigsm
solution target a 20 percent reduction in repair and maintenance
expenditures across the pilot rigs. The 'data-driven drilling'
model created by combining Noble's operational knowledge with GE's
advanced data analytics system will have a transformative impact on
the entire drilling ecosystem, including:
- Enhanced Drilling Process Efficiency – Foresight of asset
anomalies and drilling process deviations to reduce operational
disruptions and enhance performance consistency.
- Shift to Predictive Asset Management – Redefinition of
maintenance strategies, with a focus on predictive asset management
to achieve long-term, sustainable operational expenditure
reductions across the fleet.
- Reduction of Third-party Service Costs – Anytime, anywhere rig
visibility and insights that leverage the one-to-many impact of
shore-based experts to reduce third-party service costs.
"It is time for the industry to rethink the drilling ecosystem.
Offshore companies must adapt to industry disruptions by leveraging
digital solutions to counteract the current downswing and for
readiness to scale during a market upswing," said Tim Schweikert, President and CEO, GE's Marine
Solutions. "Industry-wide collaboration underpins a solid digital
future. Together, we are stronger and will get there faster. It is
a privilege to partner with Noble, and we are looking forward to
delivering the results enabled by the digital age."
The Digital Rigsm solution processes operational data
from critical assets utilizing GE's data models and advanced
analytics to detect anomalies – often a sign of potential failure
or performance degradation. These anomalies can potentially be
detected weeks ahead and can provide an early warning to operators
to prevent the problem before it occurs.
As the system continues to learn, the Digital Rigsm
solution will be able to gauge and predict the asset's condition in
order to enable a shift from planned to predictive maintenance.
Empowered by innovative software-based analysis, maintenance is
exercised when there is evidence of need. By reducing unnecessary
or excessive maintenance, the partners believe the transition to
predictive maintenance will create cost-savings, mitigate the risk
of maintenance-induced problems, reduce downtime, and increase
drilling productivity.
In addition, the Digital Rigsm solution will provide
real-time asset data to onshore experts around the globe. These
experts will be able to actively monitor aspects of the drilling
process and will have foresight and visibility into the condition
of the assets. By allowing onshore experts to remotely diagnose and
advise offshore personnel of issues before they occur, there is a
potential to reduce third-party service costs.
"With shifting market dynamics, the offshore industry is on the
cusp of change. Drilling contractors must seize the moment to
enhance their competitive edge," said David
W. Williams, Chairman, President and Chief Executive Officer
of Noble Corporation plc. "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 Rigsm solution with
GE."
About Noble Corporation plc
Noble is a leading
offshore drilling contractor for the oil and gas industry. The
Company owns and operates one of the most modern, versatile and
technically advanced fleets in the offshore drilling industry.
Noble performs, through its subsidiaries, contract drilling
services with a fleet of 28 offshore drilling units, consisting of
14 drillships and semisubmersibles and 14 jackups, focused largely
on ultra-deepwater and high-specification jackup drilling
opportunities in both established and emerging regions worldwide.
Noble is a public limited company registered in England and Wales with company number 08354954 and
registered office at Devonshire House, 1 Mayfair Place,
London, W1J 8AJ England. Additional information on Noble is
available at www.noblecorp.com.
About GE
GE (NYSE: GE) is the world's Digital
Industrial Company, transforming industry with software-defined
machines and solutions that are connected, responsive and
predictive. GE is organized around a global exchange of knowledge,
the "GE Store," through which each business shares and accesses the
same technology, markets, structure and intellect. Each invention
further fuels innovation and application across our industrial
sectors. With people, services, technology and scale, GE delivers
better outcomes for customers by speaking the language of industry.
To learn more, please visit www.ge.com.
About GE's Marine Solutions
GE's Marine Solutions is
dedicated to power and propulsion systems for customers in the
workboat, merchant, offshore and naval industries. Through smart
engineering coupled with software analytics, we provide customers
with data-driven efficiency. Connecting the physical and digital
worlds, GE helps power, propel, position and predict the marine
industry for operational excellence. www.gemarinesolutions.com.
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SOURCE Noble Corporation