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Noble Corp., GE partner to develop digital rig solution

Mar. 27, 2017 2:16 PM ETNoble Corporation plc (NE) StockGE, NEBy: Carl Surran, SA News Editor8 Comments
  • Noble Corp. (NE -0.6%) enters into a partnership with General Electric (GE -0.9%) to collaborate on an advanced data analytics system for offshore drilling rigs.
  • The agreement calls for GE to initially deploy its digital asset performance management system on four NE drilling rigs as part of a fleet pilot program, targeting a 20% reduction in repair and maintenance expenditures across the pilot rigs
  • RBC analyst Kurt Hallead thinks targeting efficiency gains through digital solutions "makes a lot of sense" as operators continue seek ways to reduce the cost of offshore exploration and development.

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