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Putting the IoT in drilling

  • But above the hole, the offshore drilling contractor community has used the same technology for years, said Jose A. Gutierrez, director of Transocean’s technology and innovation group, during a recent presentation at the Internet of Things (IoT) Oil and Gas Conference in Houston.
  • Six years ago, the company initiated a major innovation effort to remain a technology leader in the industry, Gutierrez tells OE.
  • Transocean’s technology and innovation group has focused over the past three years on how IoT can enhance Transocean’s drilling rig fleet.
  • Transocean is using IoT technology to make decisions based on data, instead of relying solely on worker experience.
  • As companies catch IoT fever, Gutierrez anticipates a bubble forming for IoT technology – similar to the 2001 Internet bubble – and new IoT companies fighting for market share.

The Internet of Things could help transform drilling rig technology, but it isn’t a panacea, warns a Transocean official. Karen Boman reports. G…

The Internet of Things could help transform drilling rig technology, but it isn’t a panacea, warns a Transocean official. Karen Boman reports.

Though a lagging indicator, the lack of innovation in offshore drilling rig technology can be measured by the number of drilling technology patents filed. From 1945 to 2012, 36,279 offshore drilling technology patents were filed. In the year 2014 alone, the telecommunications industry filed 37,277 patents.

Plenty of technology innovation has occurred downhole. But above the hole, the offshore drilling contractor community has used the same technology for years, said Jose A. Gutierrez, director of Transocean’s technology and innovation group, during a recent presentation at the Internet of Things (IoT) Oil and Gas Conference in Houston.

Six years ago, the company initiated a major innovation effort to remain a technology leader in the industry, Gutierrez tells OE. Transocean’s technology and innovation group has focused over the past three years on how IoT can enhance Transocean’s drilling rig fleet. Transocean’s digital transformation program aims to improve operational efficiency, increase financial efficiency, and boost operating integrity.

Gutierrez attributes the lack of technology innovation to the high barrier of entry. A few product and service providers monopolize most of the technology offering, and until now they had little incentive to improve products their customers would buy anyway. “If we have an idea with a strong value proposition and sufficient funding, it still has low probability of success due to these high barriers to…

Putting the IoT in drilling

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