News and company updates

06.09.2018 - ENERGY DYNAMICS - PATENT GRANTED

Energy Dynamics, a leading provider of dynamical incentive modeling tools, announced today that they have reached a new milestone as the company receives intellectual property protection for their dynamical incentive model.

"Fantastic and essential to the company, says Energy Dynamics CEO, Knut Arne Sund. We are particularly pleased that all claims in the patent are approved, which gives us a robust position. The new patent shows that Energy Dynamics is an innovating company concerning incentive model development, something we consider to be highly important as companies starting to recognize incentive models as an important catalyst for generating value from digitalization".

For further information please contact support@energydynamics.no

Image courtesy of DEA Norge AS

10.07.2018 - DEA NORWAY - TESTING A POTENTIAL GAME CHANGER

DEA will apply a new incentive model during the Dvalin drilling campaign in 2019. The model can realize significantly increased productivity and HSE performance.

DEA Senior Procurement Advisor Rig Intake in Norway, John Bleka, and Dr.Jörg Peterson with the Special Projects and Research department in Hamburg, set up an R&D project and matured the concept fit DEA and the Dvalin project. This week DEA signed an agreement with developer Energy Dynamics to enhance and apply the model during the Dvalin drilling campaign planned for 2019.

"The main objective of the model is to facilitate cooperation and collaboration between all parties involved in the drilling campaign. In this way, we will improve our HSE performance and reduce time and cost to complete drilling operations, through a dynamic incentive arrangement. The model aligns the rig owner's and service companies' goals with DEA's goals", explains DEA Drilling Manager in Norway, Tore Øian.

For further information please contact support@energydynamics.no

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