Data-driven performance
Data-Driven Decision Making
We collect millions of lines of data relating to every aspect of our performance and turn it into information from which we can extract knowledge and make faster, better and focused choices.
We have created an exclusive partnership with one of the world’s leading data science companies, who have a track record in leading innovation in fast-changing industries including the energy industry. Together with Microsoft, we are building a bespoke digital platform called PLATO, to support the understanding of large data sets from our operations using Microsoft Azure, a cloud-based computing service for our data-crunching requirements.
Performance Data
It works by using a series of pre-built algorithms and models that are trained to understand when any area of our performance data is showing an ‘exception to the norm’. If unusual or abnormal trends are identified, PLATO provides clear and specific recommendations for how to improve the overall rig performance. Over time, not only do we learn from the actions taken on board specific rigs, but also how these actions influence performance across the whole of our fleet. We have installed PLATO on four of our rigs to date and in the process of rolling it out across the rest of our floater fleet.