New NOV technology predicts performance failures

National Oilwell Varco, Inc. has announced that it has developed and validated the first end-to-end predictive solution that can foresee operational failures in subsea blowout preventer (BOP) components.

The result of 14 years of historical sensor data and 60 years worth of design experience, RIGSENTRY™ offers a remote condition monitoring service that provides live predictive analytics of subsea BOPs.

This new predictive capability is expected to give customers real time visibility into product health and performance within a prediction horizon of approximately 14 days. With its predictive capabilities superior to those of a human operator, RIGSENTRY™ has the ability to identify the specific point of failure and alert customers earlier than traditional detection techniques. Cost savings will be achieved as a result of a reduction in unplanned downtime and more efficient maintenance practices.

MAXTM, NOV’s industrial platform for the collection, storage and analysis of rigs, wells and manufacturing facilities powers the predictive feature of RIGSENTRY™.

Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, stated:

“We continue to invest in the research and development of new technologies that will drive our industry forward despite today’s challenging environment. The potential that big data offers for condition monitoring and predictive analytics could change the way we support, maintain and design our equipment to deliver better uptime for our customers."

Sources:NOV  Businesswire

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/21032016/new-nov-technology-predicts-performance-failures/