Precision Drilling Leads the Industry in Equipment Quality Using Asset Digital Twins
Introduction
Precision Drilling, a major oil and gas drilling contractor in North America, is ranked as a leader in equipment quality and operational excellence by an independent research organization. This comes from Precision’s relentless pursuit of operational excellence using cutting-edge technology. Precision has achieved 100% coverage of its active North American fleet with 236 mud pump digital twins across 105 rigs, and coverage of top drives and generators are under way. This has helped Precision to reduce Non-productive Time (NPT) by 52%, save significant consumable component costs, and achieve field performance consistency. This was all accomplished in under 2 years.
Precision’s digital twin, built in partnership with Prescient, digitizes the entire life of its fleet of drilling equipment. Every component is monitored from day one of service to the end of life. The entire data set is used to train an AI-based Asset Life Model (ALM) to predict component life, optimize component performance, and compare component quality across different operating conditions and geographical regions. This has enabled Precision to reduce unplanned downtime, improve field performance, and gain a deep understanding of asset quality and performance.
Precision’s digital twin combines data sources such as sensor, EDR, control system, and maintenance log to generate context aware outcomes. Drilling equipment does not perform uniformly. Depending on drilling location and drilling state, equipment load varies. By combining data from different sources, Precision’s digital twin understands exactly what the equipment is doing and can make the right decisions accordingly. This is possible due to Prescient’s powerful distributed functional block programming technology, which rapidly builds data workflows to extract context aware outcomes from complex, asynchronous data streams.
What You Need to Know
Combines data from real-time EDR, drilling control system, work logbook, and predictive maintenance sensors
Delivers immediate business impact at minimal cost
Achieves 100% digital twin coverage across 105 rigs
Key References & Links
Conclusion
Precision Drilling's partnership with Prescient has set a new benchmark for asset management and optimization in the drilling industry. The operational digital twin solution has proven to be an invaluable tool, delivering tangible benefits in terms of reduced downtime, improved asset lifespan, enhanced operational decision-making, and an empowered workforce. As Precision Drilling continues to explore the potential of this technology, the company is poised to further elevate its operational excellence and achieve even greater success in the years to come.
Schedule a demo today to discover how Prescient's operational digital twin solution can transform your drilling operations and propel your asset productivity to new heights.
Russell Whitney, IIoT Manager at Precision Drilling