Last two ONS Innovation Awards finalists 2018

The ONS Innovation Awards reflect a long-standing commitment to presenting and promoting innovative ideas to the international oil, gas and energy industry (photo: ONS)
The ONS Innovation Awards reflect a long-standing commitment to presenting and promoting innovative ideas to the international oil, gas and energy industry (photo: ONS)

Baker Hughes, a GE Company and Sekal are the last two companies to be nominated as finalists for the ONS 2018 Innovation Awards. This is the second nomination for BHGE with, this time for Digital Inventory, a new service model for oil and gas site maintenance. Sekal has been nominated in the small and medium enterprises (SME) category for DrillTronics automation software, connecting a well digital twin into the drilling machinery.

Digital Inventory is a new service model for oil and gas site maintenance developed and introduced by Baker Hughes, a GE Company (BHGE). The model answers end users’ need of inventory cost reduction, operations optimisation, and efficiency enhancement; it does that by overcoming the traditional paradigm of spare parts storage to guarantee availability.

Digital Inventory reduces equipment lifecycle costs by combining digital and physical assets. Physical inventory is transformed into a digital library of 3D models of parts, that can be readily fabricated in a facility localised near point of use.

Sekal’s DrillTronics automation software is connecting a well digital twin into the drilling machinery. Similar to ABS break, the traction control, adoptive cruise control or automatic parking in an autonomous car, DrillTronics assist the driller with safeguarding the operation and introducing artificial intelligence to automate and optimise the drilling operations, allowing optimal performance while staying within the drilling limits of the well.

In its first application on a floating drilling rig DrillTronics protected the operation and triggered its safeguarding, saving two potential side-tracks during the operation for the client. The cost saved, as communicated by the client, exceeded NOK 100 million.

Through the Innovation Awards ONS recognises the crucial importance of cutting-edge products and solutions. The awards reflect our long-standing commitment to presenting and promoting innovative ideas to the international oil, gas and energy industry.

This year ONS received a total of 127 applications/nominations. 56 companies applied for the Innovation Award and 56 companies applied for the SME Innovation Award. The jury has nominated five finalists to compete in each category.

ONS 2018