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.