HOUSTON, June 25, 2018 /PRNewswire/ -- Diamond Offshore
Drilling, Inc. (NYSE: DO) today announced the launch of its
Blockchain Drilling service, the first application of
blockchain technology in the offshore drilling industry. This
service drives efficiencies and enables oil and gas operators to
reduce their total cost of ownership.
The Company's Blockchain Drilling service provides an
immutable platform for the optimization of well construction
activities, including drilling related services, materiel and the
supply chain, both shore-based and offshore. Users can access and
analyze performance from any web accessible device for near
real-time TCO management.
The cloud-based Blockchain Drilling platform is scalable
and the baseline system consists of five modules to drive
efficiencies and eliminate waste:
- Supply Chain & Logistics Manager - provides transparency,
provenance and immutability across the entire supply chain
- Well Planner - displays actual versus planned time-to-depth
data with detailed events
- Spend Monitor - aggregates total well construction costs versus
budget
- Dynamic Critical Path - shows real-time bottlenecks as they
develop
- Performance Tracker - monitors operational key performance
indicators (KPIs)
Configurable modules can be adapted on the Blockchain
Drilling platform for individual well or multi-well campaigns
based on customer needs. The platform will be used in the
procurement stage through the construction, completion and
production phases. Tracking, planning, and optimizing the well(s)
through each phase provides the ability to reduce spend, eliminate
waste, improve processes, and better align all parties needed to
deliver a well successfully.
Developed in partnership with Data Gumbo Corporation, the
Blockchain Drilling service will be implemented fleet-wide
on Diamond Offshore drilling rigs, creating the industry's first
Blockchain Ready Rig™ fleet.
"Data Gumbo is excited to partner with Diamond Offshore,
applying our industrial Blockchain as a Service (BaaS)
solution in support of this first-of-its-kind Blockchain
Drilling platform," said Andrew
Bruce, President and CEO of Data Gumbo Corporation.
"The Blockchain Drilling platform provides our customers
with an economical, scalable foundation for building blockchain
applications to optimize their projects while reducing TCO," said
Marc Edwards, President and CEO of
Diamond Offshore. "With the implementation of this service,
together with recently released innovations, Diamond is further
demonstrating our thought leadership in the offshore drilling
market."
ABOUT DIAMOND OFFSHORE
Diamond Offshore is a leader in offshore drilling, providing
contract drilling services to the energy industry around the globe.
Additional information and access to the Company's SEC filings are
available at www.diamondoffshore.com. Diamond Offshore is owned 53%
by Loews Corporation (NYSE: L).
ABOUT DATA GUMBO
Data Gumbo provides a Blockchain as a Service (BaaS) to
industry. Data Gumbo Corporation is headquartered in Houston, Texas with offices in Stavanger,
Norway.
FORWARD-LOOKING STATEMENTS
Statements contained in this press release that are not
historical facts are "forward-looking statements" within the
meaning of the federal securities laws. Forward-looking statements
are inherently uncertain and subject to a variety of assumptions,
risks and uncertainties that could cause actual results to differ
materially from those anticipated or expected by management of the
Company. A discussion of certain important risk factors and other
considerations that could materially impact these matters as well
as the Company's overall business and financial performance can be
found in the Company's reports filed with the Securities and
Exchange Commission, and readers of this press release are urged to
review those reports carefully when considering these
forward-looking statements. Copies of these reports are available
through the Company's website at www.diamondoffshore.com. Given
these risk factors, investors and analysts should not place undue
reliance on forward-looking statements. Each forward-looking
statement speaks only as of the date of this press release. The
Company expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statement to reflect any change in the Company's expectations with
regard thereto or any change in events, conditions or circumstances
on which any forward-looking statement is based.
Contact:
Diamond Offshore
Samir
Ali
Vice President, Investor Relations & Corporate Development
+1 (281) 647-4035
Data Gumbo
Andrew
Bruce
President & CEO
+1 (281) 909-0781
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SOURCE Diamond Offshore Drilling, Inc.