EAGAN, Minnesota -- Shield Technologies Corp. has introduced Envelop Protective Covers (Envelop) designed specifically for use in commercial drilling operations.
Suited for use in harsh and corrosive environments, such as the Middle East and offshore platforms, the Envelop covers protect critical and expensive drilling equipment.
"With oil prices at an all-time high, downtime due to equipment failure can cost companies hundreds of thousands of dollars an hour in lost production," says Warren Hoskinson, oil and gas industry sales representative for Shield. "It is no longer acceptable or economically feasible for spare parts and back-up equipment to be exposed and susceptible to the effects of the harsh coastal environments. When a piece of equipment is pulled by technicians, it needs to work. Typically, the investment in Envelop covers is recouped in the avoidance of a single downtime occurrence."
By virtually eliminating the penetration of moisture and humidity, the Envelop covers have proven to reduce equipment corrosion by as much as 90%. Lasting three to four times as long as vinyl alternatives, the Envelop covers provide a return on investment of 4:1 and as high as 15:1 versus traditional covers and chemicals.
Shield initially developed the Envelop cover technology in response to a Small Business Innovative Research (SBIR) request by the US Navy in 2000, for a solution to prevent and address corrosion on the weapons and equipment on combat ships. With 25% of the US Navy's fleet maintenance budget spent on preventing or addressing rust and corrosion, the military realized the impact Envelop Protective Cover could have on reducing and controlling equipment maintenance and repair costs. The covers are now available for more than 150 unique Navy assets on every class of surface ship and dozens of additional pieces of equipment for the US Army, US Marine Corps, US Coast Guard and allied navies. More than 15,000 covers have been produced and used in the military and commercial fields.