Innovation in capital-intensive products often faces the challenge of budget constraints. While downhole tool innovation offers fast payback, the amortization period for drilling rigs typically spans 7-10 years, limiting transformative potential. Voll Marintek has embarked on developing a groundbreaking rig type—the true multi-modular drilling system—featuring novel features like dual hoisting and racking systems. To cost-efficiently validate these benchmarks, a digital prototype has been devised. Explores the role of digital prototyping in verifying improved automated cycle times in pipe handling and hoisting operations, crucial for an efficient energy transition. Digital prototypes leverage real operational data from electric, mechanical, and hydraulic subsystems to simulate interfaces, enhancing safety and efficiency in rig operations.
Innovative approaches open doors to secure government funding for comprehensive engineering studies, facilitating a thorough competitive commercial analysis of all potential deployment methods. This approach includes partial funding of the overall budget during the planning phase of a late asset management campaign, significantly reducing financial exposure for initial well executions, fostering demonstration and learning curve benefits that appeal to all stakeholders.
Furthermore, our advanced technical solution not only slashes costs but also contributes significantly to the energy transition's efficiency. By repurposing wells for geothermal and carbon capture, we minimize waste generated from decommissioning, aligning perfectly with sustainability goals.
Powering the Future with Precision and Sustainability
6 International Avenue, AB21 0BH, United Kingdom