National Oilwell Varco, Inc. has announced that it has introduced an advancement in Radio Frequency Identification (RFID) technology and asset management software for the oil and gas industry. NOV’s latest generation RFID tag, TracTag™, has been field-proven to withstand extreme drilling conditions when installed on drillstring components. The tag is currently the only RFID technology in the industry that can survive extreme downhole temperatures of -40° C to +200° C and up to 1550 Bar of pressure.

NOV has been a leader in using RFID for asset management on existing surface-based products and services; however, the technology behind TracTag has overcome the challenges associated with harsh downhole well conditions and can now be incorporated into NOV downhole products.

The Company also introduced an asset management software, TracAsset™, and an automated pipe tally system with a wellsite tag reader, AutoTally™. The combined system will enable greater capabilities for delivering reliable information and analysis to our customers.

Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, states, “We continue to invest in new technologies that drive our industry forward and help our customers improve effective asset utilisation and reliability while decreasing their costs. The data we will be able to obtain from these innovative technologies will play a critical role in shaping the future development of drillstring components and tools.”

Tags: National Oilwell Varco