NOV Introduces GoConnect for Intervention and Stimulation Equipment Condition Monitoring and Predictive Maintenance Services
June 18 2018 - 8:56PM
Business Wire
National Oilwell Varco, Inc. (NYSE: NOV) today announced the
commercial launch of GoConnect™ condition monitoring services for
intervention and stimulation equipment, which provides real-time
process monitoring, predictive analytics, and condition-based
maintenance capabilities for NOV’s pressure pumping, coiled tubing,
nitrogen, and wireline equipment. The GoConnect system uses machine
learning to provide data-driven insights into the condition,
health, and performance of customers’ equipment and operations. The
GoConnect system’s capabilities allow customers to reduce
downtime-related costs, enhance equipment performance, and improve
operational efficiencies of completion services.
“Condition monitoring and predictive analytics are changing the
way we support, maintain, and design our equipment, allowing us to
deliver better uptime and performance for our customers,” said Clay
Williams, Chairman, President, and CEO. “Given that completions
represents over two-thirds of the cost of a horizontal well in
North America, expanding NOV’s condition monitoring offerings to
support intervention and stimulation equipment operations was the
next logical area to apply our industry-leading digital
technologies and services. We believe GoConnect will help customers
improve asset performance, utilization, and reliability while
reducing costs.”
Asset Link, the first commercial product of a multi-tier
GoConnect service offering, enables real-time data monitoring and
tracking, and is now available to customers after extensive field
trials. The second tier of service, Asset Insight, which supports
root cause analysis of component failures through advanced
diagnostics tools and improves asset management with real-time
alerts and customizable reports, will be available by the third
quarter of this year. Asset Optimization, the third tier of
service, which incorporates proprietary algorithms developed by
NOV’s technical equipment experts and data scientists to predict
and prevent maintenance issues, will be available by the end of the
year.
NOV’s GoConnect system for intervention and stimulation
equipment is powered by NOV’s Max™ platform, which also powers
NOV’s successful RigSentry™ condition monitoring system for
drilling equipment. By unifying the company’s digital solutions,
products, and services through the Max platform, NOV will be able
to more effectively help the industry reduce costs while improving
the performance and reliability of critical equipment.
About NOV
National Oilwell Varco, Inc (NYSE: NOV) is a leading provider of
technology, equipment, and services to the global oil and gas
industry. NOV has been pioneering innovations that improve the
cost-effectiveness, efficiency, safety, and environmental impact of
oil and gas operations since 1862. The depth and breadth of NOV’s
offerings support customers’ full-field, drilling, completion, and
production needs. NOV powers the industry that powers the
world.
Visit www.nov.com for more information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180618006285/en/
National Oilwell Varco, Inc.Loren Singletary, (713)
346-7807
NOV (NYSE:NOV)
Historical Stock Chart
From Aug 2024 to Sep 2024
NOV (NYSE:NOV)
Historical Stock Chart
From Sep 2023 to Sep 2024