Verdande launches real-time drilling software

Verdande Technology unveiled new case-based reasoning software for real-time drilling operations at the SPE/IADC conference in Amsterdam.

Offshore staff

AMSTERDAM, The Netherlands -- Verdande Technology unveiled new case-based reasoning software for real-time drilling operations at the SPE/IADC conference in Amsterdam.

DrillEdge is designed to lower risk, increase the rate of penetration, and limit non-productive time while drilling. The software draws on a database of lessons learned, best practice and experiences across a wide range of rigs and assets - operators can access this knowledge to diagnose and avoid costly drilling problems before they occur or escalate. The technology is also being extended for assistance in planning phase operations.

Trondheim-based Verdande has been working on DrillEdge, a spin-off from the Norwegian University of Science and Technology, for the past four years. According to a spokesperson, the company has also coordinated a pilot operation of DrillEdge with StatoilHydro on three platforms on the Norwegian shelf, and there could be further pilot installations shortly in the Gulf of Mexico and the Middle East.

03/19/2009

More in Equipment Engineering