Offshore Asia Pacific Operator Shrinks Rig Costs by $1.4M by Optimizing Connection Times
Reducing Rig Costs and Flat Time
Capital-intensive offshore drilling all too often relies on manual and inconsistent methods to track rig and crew performance, impeding timely analysis of nonproductive time and adding unnecessary costs.
An Asia Pacific operator wanted to reduce offshore rig flat time and costs by optimizing connection times with Corva’s Metrics and Leaderboard apps to automatically capture rig and crew KPIs, set goals to improve, and safely increase operating procedures.
Key Results & Value Delivered
Leveraging Corva, the operator improved fleetwide drilling efficiency by giving crews the insights needed to improve and outperform, leading the drilling team to meet and exceed its goal of a 20% reduction in connection times.
