Stuart Wright's Real Time Barrier Condition (RTBC) software to be used by Maersk Oil North Sea U
Singapore based Stuart Wright Pte Ltd has signed a 1 year contract with four one year options to deploy its flagship Well Condition monitoring software on Maersk Oil's Culzean development.
"RTBC has been several years in the making by a brilliant team. We are tremendously proud that the value of RTBC has been recognised with a one-year pilot contract and four 1 year options on Maersk Oil's cutting edge Culzean development in the North Sea. RTBC puts us on par with other industries by knowing at a glance the true condition of well infrastructure at all times, during well construction, completion and intervention in the production lifecycle. The solution provides a platform for the sharing of key well condition and barrier data with validation evidence captured in a unique cloud data base accessible by the rig and office in real time”.
- Colin Stuart, Managing Director
Stuart Wright Pte Ltd estimates this approach reduces drilling costs by 10%, by eliminating delays caused by lack of accurate and timely information, as well as improving well safety performance.
To hear more about how RTBC can help your organisation cut drilling costs and improve well safety performance, please contact Stuart Wright at firstname.lastname@example.org.