Lloyd’s Register wins UK award for BOP modeling software
Lloyd’s Register has won the UK’s Energy Industries Council Award for Supply Chain Excellence 2013 for its BOP risk model program.
LONDON– Lloyd’s Register has won the UK’s Energy Industries Council Award for Supply Chain Excellence 2013 for its BOP risk model program.
The program allows operators to model the risk of a BOP against component failure, to help determine whether or not to pull the BOP to the surface for inspection and repair.
Results are modeled in the program, reducing risk and non-productive time and therefore associated costs.
Lloyd’s Register said this is a first step toward a risk-based and transparent decision-making tool for safer drilling, as well as providing immediate and consistent communication to all concerned in the event of asubsea BOP equipment failure.