“By combining Verusen’s advanced AI-driven insights with the practical expertise of our highly-trained rig crews and inventory management team, we are transforming our approach to inventory strategy. This is more than a technology upgrade, it’s an ongoing cross-functional effort that brings together Supply Chain, Operations, Maintenance, and Finance. By leveraging platforms like Verusen, we are creating a more responsive and streamlined supply chain that builds on our current strengths and harnessing the power of AI. The result is a system designed to support performance at the drill bit — faster, smarter, and more aligned with the needs of the business than ever before.”
Matt McClellan
Global Inventory Manager at Seadrill
Overview
Seadrill, a global leader in offshore oil and gas drilling, leverages Verusen’s AI platform to unify inventory data and bring stakeholders together around standardized parts, criticality, and risk profiles. This approach enhances optimization, strengthens decision-making, and strategically reduces excess inventory across the fleet. Seadrill’s rig portfolio consists of 17 high-quality, modern floater-focused fleet operating in premier basins around the world.
Pictured above is Seadrill’s West Vela, a 7th generation ultra-deepwater drillship operating in the U.S. Gulf, which realized significant savings and uptime benefits from inventory optimization and redistribution.
The Challenge
Offshore drilling operations, such as those run by Seadrill, take place in high-risk, remote environments where even minor supply chain disruptions can impact safety and uptime. Ensuring the availability of critical parts across a global fleet requires precise inventory control to balance risk while avoiding surplus. However, many organizations face the dual challenge of overstock in some locations and critical shortages in others—leading to higher costs and unplanned downtime
- Inaccurate inventory service levels
- Lack of standardized parts criticality
- Unnecessary overstocking of materials
- Unmitigated inventory risk
- Disparate, siloed decision-making
The Solution
The organization implemented a unified platform to streamline inventory optimization and decisioning, enabling:
- Stocking Policy Optimizations
- Network Optimization & Parts Transfers
- Material de-duplication
- Net Carrying Cost Reductions
- Tail Spend & Purchase Price Variance Reductions
Outcome
In less than six months, Seadrill has leveraged Verusen’s AI platform to identify a significant and impactful value over the next three years. The Seadrill team utilizes Verusen’s AI platform for daily operations, supporting ongoing optimization and the adoption of best practices across the business.
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