NOV announces technology advancement in the lifecycle management of wellbore products

National Oilwell Varco (NOV) announced that it has introduced an advancement in radio frequency identification (RFID) technology and asset management software for the oil and gas industry. NOV’s latest generation RFID tag, TracTag, has been field-proven to withstand extreme drilling conditions when installed on drillstring components. The tag is currently the only RFID technology in the industry that can survive extreme downhole temperatures of -40°C to +200°C (-58°F to +400°F) and up to 1550 Bar (22’500 PSI) of pressure.

NOV has been a leader in using RFID for asset management on existing surface-based products and services; however, the technology behind TracTag has overcome the challenges associated with harsh downhole well conditions and can now be incorporated into NOV downhole products.

NOV also introduced an asset management software, TracAsset, and an automated pipe tally system with a wellsite tag reader, AutoTally. The combined system will enable greater capabilities for delivering reliable information and analysis to our customers.

“We continue to invest in new technologies that drive our industry forward and help our customers improve effective asset utilization and reliability while decreasing their costs,” Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, said. “The data we will be able to obtain from these innovative technologies will play a critical role in shaping the future development of drillstring components and tools.”

NOV will be able to provide an entire lifecycle management solution for drillstring components that includes information regarding original manufacturing specifications, inspection and repair history, along with usage details. The TracTag and AutoTally system will make it possible to read tags as drillstring components pass through the rig floor; and integration of the system into the rig control system will provide drilling hours and critical drilling information down to the serial number of the component.


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