SOURCE: Athens Group

Athens Group

Athens Group

April 19, 2010 08:00 ET

2010 Control Systems Software and Hardware Integration-Related NPT Benchmarking Report for Offshore Assets Now Available

Cost, Causes, Industry Opportunities & Initiatives to Reduce NPT Identified

HOUSTON, TX--(Marketwire - April 19, 2010) -  Today Athens Group and ModuSpec published the first set of results, focused on control systems software and hardware integration-related Non-Productive Time (NPT) from "The State of NPT on High-Specification Offshore Assets: Second Annual Benchmarking Report." Per the report: total NPT experienced during the first two years of operations on highly-automated late generation offshore assets is 50-67% greater than what is deemed acceptable. Optimizing drilling efficiency, enabling the extraction of "hard-to-get oil," and "getting to zero" safety incidents will require further automation. The information in this second annual benchmarking report is based on survey responses from Drilling Contractors and Operators. The survey was designed to help respondents reduce NPT on late-generation assets by answering these questions:

  • How does my NPT (cost and breakout) compare to the industry average?
  • What are my peers doing in 2010 to reduce costs and increase uptime?
  • Has any progress been made in this area in the last year?
  • What are the hidden causes of, and opportunities to reduce, NPT?
  • Can anything else be done in this specialized area to reduce NPT?
  • How can the industry work together to cost-effectively reduce NPT?

Download the free report at: www.athensgroup.com and www.moduspec.com

About Athens Group

The high rate of schedule delays and non-productive time (NPT) on today's highly-automated offshore assets is unacceptable! Athens Group helps Drilling Contractors and Operators improve operational performance, reliability and safety by helping to prevent software-related equipment failures. Our Drilling Technology AssuranceSM Services were developed specifically for highly integrated control systems and have been proven to mitigate risk and remediate problems in all phases of the asset lifecycle. Athens Group has more expertise in this specialized area than any other vendor. Our Proven PracticesSM Methodology; software, hardware, and network topology experience; and vendor equipment experience speed identification of risks and resolution of issues. This is why the cost ratio of our services to NPT savings typically exceeds 1:100. Our customers, industry-leading companies such as BP, Chevron, ExxonMobil, Noble Drilling, Stena Drilling, Maersk, Pacific Drilling, Pride, Shell, Total and Transocean, to name just a few, are all referenceable.

About ModuSpec

ModuSpec is the premier provider of a wide range of Integrity Services to the Upstream Oil & Gas Industry around the world. 25 years of industry experience, along with our highly qualified and experienced engineers and consultants, has put ModuSpec in the unique position of being able to offer quick, flexible, and effective business solutions. These solutions allow our clients to achieve world-class status by maximizing their productivity while exceeding industry norms for responsible and safe operations. In particular, we conduct various condition, inspection, and due-diligence surveys on rigs that are in the midst of coming off contracts, investigating incidents, and/or being relocated throughout the world. Our company provides the means to guarantee your uptime. We are a non-biased and 100% independent third party, and we conduct our condition surveys during operations so that the need to shut down the rig is eliminated. Our inspections are intrusive which is a huge differentiator for us in the market. We physically measure and go into your varying disciplines. Our clients include Transocean, ExxonMobil, Noble Energy, Shell, Atwood Oceanics, Marathon, Chevron and Schahin O&G, to name a few.

ModuSpec has its corporate headquarters (annex regional operating division) in the Netherlands, with other operating divisions / offices in the UK, the USA, Canada, Brazil, Singapore and Australia. In 2008 ModuSpec became a member of the Lloyd's Register Group. ModuSpec's Services Portfolio consists of 5 main service groups: Inspection Services, Commissioning Services, Maintenance Management Services, HSSE & Q Services, and Training Services.

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