Value balancing for oil or gas drilling and recovery equipment using machine learning models
US11609561B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 30, 2020 |
| Grant date | Mar 21, 2023 |
| Priority date | — |
| Expiry date | Jan 21, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG05B2219/45208
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
The value for equipment to be replaced can be maximized by determining a threshold cutoff value for a failure prediction indicator and a window size for obtaining the threshold cutoff value for a piece of oil or gas drilling or recovery equipment; applying the threshold cutoff value and the window size to an equipment failure prediction model; and deriving a recall value and an average hour-loss value from the equipment failure prediction model. Predictive maintenance for the piece of oil or gas drilling or recovery equipment may be performed based on the recall value and the average hour-loss value to perform predictive maintenance for a piece of equipment in an oil or gas recovery operation.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.