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Stress Engineering Services and Optimum Program Ltd form joint venture

Published by , Deputy Editor
Oilfield Technology,

Stress Engineering Services, Inc., (SES) the global leader in consulting engineering services and solutions, has entered into an agreement with Optimum Program Ltd, an internationally recognised provider of inspection services, digital data, knowledge and process solutions, to form the RiGUARD™ joint venture.

RiGUARD combines SES’ offshore drilling analytics expertise with the Optimum Program data-driven drilling riser maintenance program that delivers a drilling riser condition-based maintenance (CBM) program. Together, the companies will develop a CBM program that will optimise the timing and cost of drilling riser maintenance.

The data-driven maintenance program incorporates riser condition, usage and fatigue analysis with a risk-based inspection process. RiGUARD provides the asset owners with all the tools for making critical and routine maintenance decisions for a drilling riser.

Kenneth Bhalla, chief technology officer, SES, said, “Growing our portfolio of capabilities is critical to our success. This alliance with Optimum adds innovative capability that enhances the digital elements of our CBM program, ultimately reducing OPEX and CAPEX, and minimizing and managing risk for our clients by understanding the health of their assets. We are excited to form the RiGuard alliance and look forward to providing world class service to our clients with this state-of-the-art technology.”

Jason Fowkes, business development manager, Optimum Program, said, “This cumulative effort delivers a program that offers customers not only a transparent, cloud-based portal to manage their equipment, data and records, but true analysis and condition assessment. The platform’s capacity to gather standardised data allows for credible analysis, resulting in continuous improvement and value delivery in the realm of predictive maintenance.”

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