“Condition monitoring and predictive analytics are changing the way we support, maintain, and design our equipment, allowing us to deliver better uptime and performance for our customers,” said Clay Williams, Chairman, President, and CEO. “Given that completions represents over two-thirds of the cost of a horizontal well in North America, expanding NOV’s condition monitoring offerings to support intervention and stimulation equipment operations was the next logical area to apply our industry-leading digital technologies and services. We believe GoConnect will help customers improve asset performance, utilization, and reliability while reducing costs.”
Asset Link, the first commercial product of a multi-tier GoConnect service offering, enables real-time data monitoring and tracking, and is now available to customers after extensive field trials. The second tier of service, Asset Insight, which supports root cause analysis of component failures through advanced diagnostics tools and improves asset management with real-time alerts and customizable reports, will be available by the third quarter of this year. Asset Optimization, the third tier of service, which incorporates proprietary algorithms developed by NOV’s technical equipment experts and data scientists to predict and prevent maintenance issues, will be available by the end of the year.
NOV’s GoConnect system for intervention and stimulation equipment is powered by NOV’s Max™ platform, which also powers NOV’s successful RigSentry™ condition monitoring system for drilling equipment. By unifying the company’s digital solutions, products, and services through the Max platform, NOV will be able to more effectively help the industry reduce costs while improving the performance and reliability of critical equipment.