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EP 45: Automating Oil Rigs: Robots vs. Roughnecks
Manage episode 434490789 series 3493211
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Andrew Richard, President and Co-Founder of Automated Rig Technologies, and Ronald Townsend, President of Automated Completions Technologies Inc., discuss how automation is transforming the oilfield industry. They explore how new technologies are revolutionizing well servicing and completions, enhancing safety and efficiency, and reducing human error. The conversation highlights the shift from outdated practices to innovative solutions like the CD Rod Tong, which are making the industry more efficient and creating better work environments. Both Andrew and Ronald share their expertise on the role of AI and automation in shaping the future of the oil and gas sector.
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Click here to watch a video of this episode.00:00 - Intro
01:16 - Kroger Dynamic Pricing Test
02:14 - Overview of Automated Rig Technologies
04:34 - Workover Rigs Evolution
09:51 - Securing R&D Funding from Operators
20:10 - Introduction to Rival Downhole
20:25 - Rival Downhole Technologies Explained
21:20 - Joint Pipe Injector (JPI) Market Fit
23:55 - Automation's Impact on Job Creation
28:05 - Joint Pipe Injector (JPI) Background
32:00 - Data Insights from JPI
34:00 - CD Tong Discussion
39:30 - Tech and Operator Friction
42:46 - Importance of Data in Operations
44:29 - Positive Feedback in Technology
46:20 - Reducing Operator Input by 97%
48:48 - Automation on Well Sites
52:30 - SCADA and IoT Integration
56:26 - Role of Software Companies
59:30 - NFTs in Wellbore Management
1:03:26 - Replacing Roughneck Roles
1:05:28 - War Story: Bonnet Bolts Issue
1:07:10 - Finding Automated Rig Technologies
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