Hege Kverneland, Corporate Vice President and Chief Technology Officer at National Oilwell Varco.

“The downturn in the oil market provides an excellent opportunity for much needed change”, says Hege Kverneland, Chief Technology Officer at NOV.

“The biggest challenge in the oil and gas industry is that nobody wants to be automated. But in a time of crisis, people and businesses are more in tune to change”, said Kverneland, quoting former British Prime Minister Winston Churchill who once said: “Never let a good crisis go to waste”.

Kverneland presented NOVOS, the NOV Process Automation Platform, designed to automate processes and also open for integration with third party applications.

“Let a stupid machine do the things that have to be done over and over again. Machines are better suited to perform tasks with a high degree of consistency and repeatability. In some cases we have increased productivity by 120 percent by automating processes”, said Kverneland.

She also presented NOV’s indutrial data platform, named Max, which gathers information from top drives and other equipment.

“By using sensors and big data analytics, Max can detect that, for instance, a bearing is not working as expected. Max will also predict remaining time to failure. The operator is given fair warning and can fix the bearing at the next scheduled stop in the drilling program”, said Kverneland.

March 01st 2021

An arena for innovation

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