ExxonMobil awarded Pason Systems with global license of its patented Drilling Advisory System

ExxonMobil drilling systemExxonMobil awarded Pason Systems with the first global license of its patented Drilling Advisory System. The agreement will accelerate the technology’s commercialization and combines the expertise of Pason in drilling data and the experience of ExxonMobil in drilling surveillance and optimization. The ExxonMobil’s patented Drilling Advisory System improves operational efficiency and highly reduces costs through real-time performance monitoring and application of data analytics to develop drilling performance maps, which determine optimal drilling parameters and improve the speed of drilling and reduce the string vibrations.

“Energy producers today are looking for any opportunities to improve operational efficiency and reduce costs”, said the president of ExxonMobil Upstream Research Company, Tom Schuessler. “The drilling advisory system component to our efficient Fast Drill technology provides such an opportunity by enhancing monitoring and improving drilling performance, thus reducing costs”, added he.

ExxonMobil analyzed the data received by using Drilling Advisory System, which reflected in large annual energy savings, equivalent to removing 1,200 cars from the road.

The deployment of ExxonMobil’s Drilling Advisory System extends Pason’s portfolio of technologies that can significantly improve the efficiency and effectiveness of drilling operations. The award of the license is testimony of the capabilities of Pason’s flexible platform and the Company’s distinctive skills in designing intuitive interfaces for field customers.

“The deployment of ExxonMobil’s Drilling Advisory System extends our portfolio of technologies that can significantly improve the efficiency and effectiveness of drilling operations”, said the president and CEO of Pason, Marcel Kessler. “We have enjoyed working with ExxonMobil through the development and field demonstration phases of this project. This license is the culmination of that hard work”, added he.

Pason is the industry’s only oilfield specialist with fully integrated drilling data solutions that make it fast and flexible access to critical drilling information. Pason end-to-end portfolio allows users to collect, manage, report and analyze drilling data in order to optimize the performance and the cost-efficiency of their operations.