Monthly eNewsletter from the IADC

Entrepreneurs Pitch New Technologies at IADC’s ART Spark Tank

On 11 December, the IADC Advanced Rig Technology (ART) Committee held a Spark Tank forum. The Spark Tank provides an opportunity for entrepreneurs to pitch their new technologies and products to a panel of operators and drilling contractors – also called sharks – who then provide their feedback.

During the meeting, four entrepreneurs showcased their technologies to four panelists: Riaz Israel, Team Lead – Wells Technology, BP; Matt Dalton, Technology Business Manager, Transocean; Greg Osten, Manager of Projects, Parker Drilling and Robert van Kuilenburg, Noble Drilling and ART Chairman who also served as Moderator of the forum.

Presenters included:

Real-Time Degredation Monitoring – Tab Manning, Pratt Hydraulics

Contaminated oil is one of the leading causes of component and system failures in hydraulics. The goal is to be able to predict failures before the occur. A reliable and proven solution is implementing the TAN Delta Oil Quality Sensor into the system for real monitoring for instantaneous feedback of the oil quality on a holistic level

Predicting Time to Failure – Sunil S. Vedula, CEO & Founder, Nanoprecise Sci Corp

Nanoprecise has created a patent-pending solution that combines physics, material science, and data analytics to diagnose issues with physical assets such as machinery and predicts the “Remaining Time to Failure.” The sensor extracts RPM, vibration, sound, temperature & humidity information, and the software analyzes the data to achieve anomaly detection, fault characterization & remaining useful life prediction. The software is built on AI algorithms that had only been limited to research papers until now.

Bolt Monitoring – Detecting Bolt Rotation, Shock and Vibration in the Derrick – Jim Profit, Salunda.

Real-time feedback on bolt position is currently missing. A new technology is available that can detect any bolts that are rotating in position as a precursor to failure/dropped object. By filling this sensor gap, a significant reduction in HSE risk is achieved, as well as significant cost savings. A real-time monitor provides multiple data points around the derrick and provides clear condition-based monitoring on the status of the derrick via a green/yellow/red status indicator. The network already integrates with OEM control systems. In addition, real-time surface vibration data can be compared with the operator’s downhole events, such as jarring, stuck pipe, stick-slip, BHA whirl, lateral & axial vibration, etc, and the effects better understood. Data is logged and date/time stamped for analysis and can be made available to operator networks for continuous local and remote monitoring.

A Safer and More Efficient Drillpipe Spinner – Paul Tompkins, Oilfield Products International (OPI)

OPI has developed a patent-pending drill pipe spinner that is safer, more efficient and versatile, making it a unique piece of equipment at any rig location. With these principles in mind, it is important to be intentional about every piece of equipment that goes into this process. OPI has created a viable solution to ensure these principles are upheld with their drill pipe spinner. Its versatility is evident in its technologically adept design, working seamlessly with rig augmentation software. Its efficiency is evident in its simplicity and maintenance friendly design, decreasing trip time by 40%. Furthermore, it can spin up and spinout drill pipe and tubulars both vertically and horizontally and can go from being a stand-alone spinner to a spinner directly installed in an Iron Roughneck.

For more information about the ART Committee and to be updated on future Spark Tank’s and other events, please visit the IADC’s A.R.T. Committee Webpage.