Diamond Offshore Launches Blockchain Drilling™ Service
The Company's Blockchain Drilling service provides an immutable platform for the optimization of well construction activities, including drilling related services, materiel 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
- Performance Tracker - monitors operational key performance indicators (KPIs)
Configurable modules can be adapted on the Blockchain Drilling platform for individual well or multi-well 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 is excited to partner with
"The Blockchain Drilling platform provides our customers with an economical, scalable foundation for building blockchain applications to optimize their projects while reducing TCO," said
ABOUT DATA GUMBO
Data Gumbo provides a Blockchain as a Service (BaaS) to industry.
Statements contained in this press release that are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those anticipated or expected by management of the Company. A discussion of certain important risk factors and other considerations that could materially impact these matters as well as the Company's overall business and financial performance can be found in the Company's reports filed with the
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