Called Inteliwell, the JV's Comprehensive
Product Suite is Designed to Deliver Real-Time Automation and
Optimization to Safeguard, Streamline the Well Construction
Process
CARLSBAD, Calif., Aug. 18,
2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT),
a global communications company, today announced it has agreed to
join Inteliwell, a joint venture (JV) with Transocean Ltd. (NYSE:
RIG), and Intelilift AS, a subsidiary of Nekkar ASA. Inteliwell's
mission is to decrease drilling times through rig automation and
streamlining of the well construction process using new processes
and tools driven by artificial intelligence ("AI"). Inteliwell will
offer a suite of applications that will provide an end-to-end,
closed-loop workflow for well construction planning, execution, and
monitoring.
Inteliwell's software has been meticulously designed to leverage
cutting edge technology and data that will improve consistency in
operations by improving safety through reduction of personnel
exposure to red zones and reducing well planning and construction
time.
For its part, INTELIE™, which was part of the Company's 2021
RigNet acquisition, will provide operational AI expertise,
real-time data analytics, and planning components to the
Inteliwell JV.
"The joint venture between Transocean, Viasat, and Intelilift
aligns a potent mix of expertise in the areas of well construction,
automation, and artificial intelligence," said Brendan Sullivan, SVP, Intelligent Edge
Solutions, Viasat, Inc. "INTELIE is already in use on the majority
of drill ships today for real-time analytics and remote operating
centers. Through the Inteliwell JV, we are poised to accelerate
autonomous well construction while reducing cost and improving
safety."
"By reducing the days needed to drill a well, Inteliwell and its
suite of applications creates incredible value to a large
addressable market that is primed for change," said Scott McKaig, Director, Technology & Digital
Solutions at Transocean Ltd. "By aligning expertise from the three
entities in our platform, we will be advancing the well
construction process from preparing a well program to completion of
the well. This advancement will streamline planning, increases rig
site efficiency, and reduce unplanned non-productive time ("NPT")
to generate significant cost savings that can be realized quickly
by the well operators."
Stig Trydal, managing director of
Intellilift added: "In short, the JV will provide software
solutions combined with automation that are designed to allow
operators to further improve the consistency of their operations
while reducing drilling costs through more reliable and faster
drilling operations."
The offering -- that can be applied across all rig classes
-- will be comprised of three key applications: InteliPlan,
InteliAutomate and InteliAssist, which will create digital well
plans that interface with a drilling rig's control system
to autonomously execute tasks, greatly expediting the well
construction process. Additionally, an integrated real-time
monitoring platform will measure downhole progress and evaluate
conditions in the well to provide critical, precision-enhancing
feedback to the drilling control system.
The Inteliwell Suite of Applications
- InteliPlan
InteliPlan will create a well construction program in both human
readable and automatable, machine-readable format. The software
will enable engineers to input well design data and generate the
well construction program, including rig-specific well construction
sequences. For standardization, specific operational practices can
be embedded in the InteliPlan logic to ensure these critical
practices permeate across all ongoing and future programs.
- InteliAutomate
InteliAutomate is a digital drilling control system which will
automate well construction tasks by sending instructions from the
well construction program, created by InteliPlan, to the rig
equipment controllers. InteliAutomate receives feedback from such
machines to automatically acknowledge completion of tasks and from
InteliAssist for validated adjustments.
- InteliAssist
For operations oversight, InteliAssist will monitor well
construction parameters and simultaneously run engineering
simulations to allow comparison with real-time observations. The
process will allow optimization of ongoing operations, avoid
deviations from plan, provides prediction of operational problems,
and can identify when human intervention in required.
To learn more about Inteliwell, please visit:
www.inteliwell.com
About Transocean
Transocean is a leading international
provider of offshore contract drilling services for oil and gas
wells. Transocean specializes in technically demanding sectors of
the global offshore drilling business with a particular focus on
deepwater and harsh environment drilling services, and operates the
highest specification floating offshore drilling fleet in the
world.
Transocean owns or has partial ownership interests in and
operates a fleet of 37 mobile offshore drilling units, including 27
ultra-deepwater floaters and 10 harsh environment floaters. In
addition, Transocean is constructing two ultra-deepwater
drillships.
About NEKKAR ASA
Nekkar (OSE: NKR) is an industrial technology group offering impact
technologies combined with high-end software solutions. The group
combines 50 years' heritage from the world's number one shiplift
company, Syncrolift, with new investments into sustainable,
digitalised technology businesses that aim to unlock growth
within ocean-based industries such as offshore energy and
renewables and aquaculture.
About Viasat
Viasat is a global communications
company that believes everyone and everything in the world can be
connected. For more than 35 years, Viasat has helped
shape how consumers, businesses, governments and militaries around
the world communicate. Today, the Company is developing the
ultimate global communications network to power high-quality,
secure, affordable, fast connections to impact people's lives
anywhere they are—on the ground, in the air or at sea. To learn
more about Viasat,
visit: www.viasat.com, go to Viasat's
Corporate Blog, or follow the Company on social media
at: Facebook, Instagram, LinkedIn, Twitter or YouTube.
Forward-Looking Statements
This press release
contains forward-looking statements that are subject to the safe
harbors created under the Securities Act of 1933 and the Securities
Exchange Act of 1934. Forward-looking statements include among
others, statements related to the joint venture with
Transocean Ltd. and Intelilift AS; the features,
benefits, capabilities and performance of the Inteliwell
applications, including InteliPlan,
InteliAutomate and InteliAssist; the ability to
improve safety, efficiency and consistency of operations, reduce
planning and well construction time, and reduce costs; ability to
deliver real-time automation; and anticipated growth trends in the
business and key markets. Readers are cautioned that actual results
could differ materially and adversely from those expressed in any
forward-looking statements. Factors that could cause actual results
to differ include: our ability to successfully implement our
business plan for our services on our anticipated timeline or at
all; the ability to realize anticipated benefits and synergies of
the joint venture; changes in the global business environment and
economic conditions; the ability to successfully develop, introduce
and sell new products and enhancements; contractual problems;
product defects; manufacturing issues or delays; regulatory issues;
changes in relationships with, or the financial condition of, key
suppliers; technologies not being developed according to
anticipated schedules, or that do not perform according to
expectations; and other factors affecting the communications and
energy sectors generally. In addition, please refer to the risk
factors contained in Viasat's SEC filings available
at www.sec.gov, including Viasat's
most recent Annual Report on Form 10-K and Quarterly Reports
on Form 10-Q. Readers are cautioned not to place undue reliance on
any forward-looking statements, which speak only as of the date on
which they are made. Viasat undertakes no obligation
to update or revise any forward-looking statements for any
reason.
Copyright © 2022 Viasat, Inc. All rights reserved. Viasat and
the Viasat logo are registered trademarks of Viasat, Inc. INTELIE
is a registered trademark of INTELIE Soluções em Informática SA.
RigNet is a registered trademark of RigNet, Inc. All other company
names mentioned are use for identification purposes and may be
trademarks of their respective owners.
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SOURCE Viasat, Inc.