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The Power of One Percent

It is very easy for companies to fall into a habit of “this is how we have always done it” or “if it ain’t broke don’t fix it.” There are many articles, motivational posters, white papers, blogs and cartoons all across the online media world outlining the downfall of stagnation in business. There are also many more advocates for innovation now compared to previous decades, most likely due to all of the content pushing innovation on us.

We are all victim to it. You are busy, you see a new technology that perhaps is not revolutionary but can see the impact it can make. The integration of this new technology may take time and instruction, which is easier for you to avoid than to advocate for. In the offshore oil and gas drilling industry, there are no strangers to innovation on the platforms.

However, sometimes it is nice to be reminded of the importance of the impact that could be made. In a recent article in the Harvard Business Review, General Electric is renowned for their ability to use the Internet to deliver mass amounts of valuable sensor data to and from platforms to constantly improve operations. Whether it is a compressor, generator or pump; General Electric and British Petroleum are informed the moment the machinery is working at a less than optimal rate (Harvard Business Review 2015).

GE has a terrific innovative term used internally that you should keep in your vocabulary. They look to pursue the power of one percent. This refers to analyzing their sensory data and making changes can improve efficiency even by a small margin but if this small efficiency is applied across the 32.3 Trillion dollar oil and gas sector, there is significant profit to be achieved (Harvard Business Review 2015).

Deep Trekker views their abilities on platforms and vessels as being an innovative way to tackle the problems with more cumbersome solutions. Ballast tank inspections are possible currently, requiring divers or draining tanks for suspended inspectors to repel into the tank, does get the job done. This process consumes many labour hours and is exponentially more dangerous than having a mini ROV in the tank. A DTG2 equipped with a Cygnus Thickness Gauge is able to be operated by a single person and quickly inspect the walls of the tank for corrosion, not just visually but also mechanically.

Topside Inspections of risers, legs and the platform itself are made quick and easy with a 30 second deployment by a single person. Work Class ROVs are capable of greater depths, can handle the strength of turning massive valves and constructing the rigs. These ROVs also require up to an 8 man team to operate and can take up to 3 hours to deploy. It does not make sense to go through this ordeal to inspect the top 1,000 feet of the submerged rig.

Deep Trekker ROVs also offer the sonar and positioning capabilities of a work class ROV. If an offshore drilling operation is in depths less than 1,000 feet of water, it may make sense to not even own a work class ROV on board. Let us know what you think! We pride ourselves on actively seeking innovative opportunities to push our submersibles to the limits or even to create a percent of efficiency.