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GE Oil & Gas Wins Two “Spotlight on New Technology” Awards at OTC 2014
|By Business Wire
|May 7, 2014 12:00 PM EDT
Each year, the Offshore Technology Conference (OTC), taking place May
5-8 in Houston, recognizes innovative technologies that have
industry-changing potential in the energy sector. The “Spotlight on New
Technology Awards” showcase the latest and most advanced hardware and
software solutions that are advancing the offshore exploration and
production industry to new levels of safety, productivity and efficiency.
GE Oil & Gas (NYSE:GE) has been honored with two 2014 Spotlight on New
Technology Awards for its innovative SeaLytics™ BOP (Blowout Preventer)
Advisor and GFI™ Ground Fault Immune Electric Submersible Pump (ESP)
Monitoring System products. In keeping with the criteria for winning
technologies, GE’s technologies offer broad appeal for the industry,
provide significant benefits beyond existing technologies and have been
proven through full-scale application or successful prototype testing.
GE is one of two companies to receive multiple 2014 Spotlight awards.
SeaLytics BOP Advisor
Technology: GE’s SeaLytics BOP Advisor monitoring and predictive
maintenance solution enables drilling contractors to monitor the
performance of BOPs and plan their maintenance by using predictive
analytics based on actual component performance data.
Customer Benefit: When a BOP is offline for unplanned service,
the cost to the drilling contractor can be significant, both in terms of
idled crews and missed opportunities. A lengthy downtime event can
ripple through a rig’s drilling schedule well beyond the initial system
outage. GE’s SeaLytics BOP Advisor is designed to improve BOP system
uptime and reduce unnecessary maintenance, which leads to better cost
forecasting, all of which provide significant performance benefits to
SeaLytics BOP Advisor enables jackup and drillship contractors to move
from a “when it breaks, fix it” approach to a predictive maintenance
planning mode. The technology communicates beyond the drilling
operator’s cockpit, or “doghouse,” letting the rig share its status with
operations leaders located onshore or with drilling teams on other
vessels. Because SeaLytics BOP Advisor can identify components that may
need service in advance, the contractor can service equipment when
scheduling opportunities arise.
GE Cross-Business Technology Sharing: SeaLytics BOP Advisor was
the first product to be developed at GE’s new Software Center of
Excellence (COE) in San Ramon, California. The Software COE brings
together the biggest ideas and latest technologies from across GE,
enabling products like SeaLytics BOP Advisor to take full advantage of
the company’s development expertise and broad investment across all of
GE in Industrial Internet technologies and solutions.
Why It Matters: “SeaLytics BOP Advisor collects and analyzes
high-fidelity information about an operator’s complete BOP system,
enabling the operator to predictively manage equipment performance,”
said Chuck Chauviere, president of drilling systems—GE Oil & Gas. “Most
importantly, SeaLytics BOP Advisor data empowers the offshore driller
with critical information needed to maintain a high degree of safety to
protect the crew and the environment.”
GFI Ground Fault Immune ESP Monitoring
Technology: With conventional monitoring systems for ESPs, when a
ground fault occurs on the ESP power cable, the gauge’s power supply is
cut off. Although the pump continues to run, its performance is no
longer monitored, thus reducing the operator’s ability to effectively
monitor activities and optimize production. To address this decades-old
problem, GE’s Zenith GFI ESP Monitoring System is the first ground
fault-immune gauge that is designed not to be disturbed by cable ground
faults, allowing operators to manage against production losses and
equipment failure through continued, reliable data delivery despite
ground fault conditions.
GE’s Zenith GFI solution includes a unique new power and communications
system that enables the gauge to operate with imperfect insulation on
the ESP cable. The new system also provides faster data sampling than
alternative gauges and delivers ESP cable condition measurements in
addition to standard industry parameters.
Customer Benefit: This pioneering technology is set to have a
significant impact on the artificial lift market, with an average of 15
percent of existing ESP gauges losing production data due to ground
faults within the first year of operation, resulting in up to a 25
percent reduction in fluid output compared to pumps optimized with a
live downhole gauge. A 25 percent loss from a well producing 800 BPD at
$100 per barrel would equate to $7.3 million per year in lost revenue
from a single well. The GE Zenith GFI system enables operators to help
avoid such losses.
GE Cross-Business Technology Sharing: The Zenith technology and
its experts joined GE Oil & Gas as part of GE’s July 2013 acquisition of
Why It Matters: “All too often in ESP operations, a ground fault
will cause downhole monitoring systems to fail and leave operators
running blind,” said Dave Shanks, development manager for GE’s Zenith
technologies—GE Oil & Gas. “This can result in up to a 25 percent
reduction in fluid output when compared to a pump optimized with a live
downhole gauge, resulting in a significant loss of production. Our
Ground Fault Immune gauge offers a monitoring solution that is designed
not to be disturbed by these types of faults for the first time.”
About GE Oil & Gas
GE Oil & Gas works on the things that matter in the oil and gas
industry. In collaboration with our customers, we push the boundaries of
technology to bring energy to the world. From extraction to
transportation to end use, we address today's toughest challenges in
order to fuel the future. Follow GE Oil & Gas on Twitter @GE_OilandGas.
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