Diamond Offshore launches Blockchain Drilling service

Diamond Offshore Drilling has announced the launch of its Blockchain Drilling service to drive efficiencies and enable oil and gas operators to reduce their total cost of ownership.

The service provides an immutable platform for the optimization of well construction activities, including drilling-related services, material 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; and
• Performance Tracker – monitors operational key performance indicators.

Configurable modules can be adapted on the platform for individual well or multiwell 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, the Blockchain Drilling service will be implemented fleetwide on Diamond Offshore drilling rigs, creating a Blockchain Ready Rig fleet.

“Data Gumbo is excited to partner with Diamond Offshore, applying our industrial Blockchain as a Service solution in support of this first-of-its-kind Blockchain Drilling platform,” Andrew Bruce, President and CEO of Data Gumbo, said.

“The Blockchain Drilling platform provides our customers with an economical, scalable foundation for building blockchain applications to optimize their projects while reducing TCO,” Marc Edwards, President and CEO of Diamond Offshore, said. “With the implementation of this service, together with recently released innovations, Diamond is further demonstrating our thought leadership in the offshore drilling market.”