Stress Engineering Services and Optimum Program Ltd form RiGUARD™ joint venture
HOUSTON, TX (February 5, 2020) – Stress Engineering Services, Inc., (SES) the global leader in consulting engineering services and solutions, has entered into an agreement with Optimum Program Ltd, an internationally recognized provider of inspection services, digital data, knowledge and process solutions, to form the RiGUARD™ joint venture.
RiGUARD combines SES’ offshore drilling analytics expertise with the Optimum Program data-driven drilling riser maintenance program that delivers a best-in-class drilling riser condition-based maintenance (CBM) program. Together, the companies will develop a CBM program that will optimize the timing and cost of drilling riser maintenance.
The data-driven maintenance program incorporates riser condition, usage and fatigue analysis with a risk-based inspection process. RiGUARD provides the asset owners with all the tools for making critical and routine maintenance decisions for a drilling riser.
Kenneth Bhalla, chief technology officer, SES, said, “Growing our portfolio of capabilities is critical to our success. This alliance with Optimum adds innovative capability that enhances the digital elements of our CBM program, ultimately reducing OPEX and CAPEX, and minimizing and managing risk for our clients by understanding the health of their assets. We are excited to form the RiGUARD alliance and look forward to providing world class service to our clients with this state-of-the-art technology.”
Jason Fowkes, business development manager, Optimum Program, said, “This cumulative effort delivers a program that offers customers not only a transparent, cloud-based portal to manage their equipment, data and records, but true analysis and condition assessment. The platform’s capacity to gather standardized data allows for credible analysis, resulting in continuous improvement and value delivery in the realm of predictive maintenance.”
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About Stress Engineering Services, Inc.
Since 1972, Stress Engineering Services, Inc. has been a global leader in consulting engineering services and solutions for a variety of industries. Stress Engineering is committed to providing the most comprehensive design, analysis and testing services with an unsurpassed level of engineering integrity and skill. The company’s multi-disciplinary engineering methods, advanced technology, innovative applications and highly knowledgeable and experienced staff provide proven, quantifiable benefits to its worldwide portfolio of clients. Stress Engineering is headquartered in Houston, with offices in Cincinnati; New Orleans; Baton Rouge, Louisiana; Calgary, Alberta and Singapore. For more information, visit www.stress.com.
About Optimum Program Ltd
At Optimum Program Ltd, we believe in value creation through digitalization. We design bespoke software and tech solutions in the energy market. Our aim is to guide clients through the digital transition by providing a risk-free process of design and implementation with global 24/7 aftermarket support once our products are launched. Optimizing processes through digitization not only delivers value through cost savings but opens the door to data analytics and onwards to predictive maintenance. To find out more, visit www.riserguardian.com.
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